Rethinking the Dollar

Treasury Secretary Janet #Yellen is preparing to transform the IRS for an overhaul of the U.S. tax collection system made possible by an $80 billion funding boost for the agency included in the Democrats #InflationReductionAct.   Expect a crackdown on the working class as Uncle Sam looks to drain the last #dollar out of all #Americans. When Ron Wyden (D-Ore.), the head of the Senate Finance C...

Russia proposes a new international standard for trading in precious metals: the Moscow World Standard (#MWS) which will become an alternative to the London Bullion Market Association (#LBMA) which systematically manipulates precious #metals markets to depress prices.  According to the Russian Finance Ministry, #preciousmetals prices will be fixed either in the national #currencies of key mem...

JPMorgan CEO Jamie #Dimon told wealthy clients there's a chance the US is heading into something worse than a #recession. #MichaelBurry, a contrarian investor, ditches his holdings before the SHTF. We are now in the calm before the storm, though not everyone is so lucky.   Thanks for watching this RTD Live Talk. Subscribe & click the 🔔 icon to be notified of future video uploads. Join us...

China and Russia have drastically reduced their use of the dollar in trade. The number of bilateral currency swaps between central banks has increased. The future of energy is being planned right now with Saudi Arabia, and it will not be priced in dollars.   Thanks for watching the Mike & Mario Show. Subscribe & click the 🔔 icon to be notified of future video uploads. Join us for the...

A far-right website, Gateway Pundit, has been pushing a pro-Trump gathering immediately outside the FBI's offices in Washington D.C. to "protest," but many pro-Trump commentators are skeptical that the event is a real protest and instead speculate that it's an elaborate trap.   Thanks for watching this RTD Live Talk. Subscribe & click the 🔔 icon to be notified of future video uploads. Jo...

Former President #DonaldTrump said that the #FBI "raided" his Florida home at #MaraLago and even cracked his safe, with a source familiar with the matter telling NBC News that the search was tied to classified information Trump allegedly took with him from the White House to his Palm Beach resort in January 2021.   Thanks for watching this RTD Live Talk. Subscribe & click the 🔔 icon to b...

We have now entered the bizarro world for good. The US unexpected jobs data was a staggering 528K jobs in July, more than double the 250K expected. This is a significant increase from last month's upwardly revised 398K (up from 372K) and the highest since February's 714K! This is happening while the US is in a technical recession and tech companies are mass-firing thousands of workers.   Than...

Now that #Pelosi has arrived in Taiwan, #China will implement the next phase of #dedollarization. Nancy Pelosi landed in #Taiwan amid China tensions over the high-level visit. Did the US call China's #bluff? I don't think so... Expect an event of some kind real soon.    Thanks for watching this RTD #News Update. Subscribe & click the 🔔 icon to be notified of future video uploads. Jo...

Amazon cuts 100,000 employees in the June quarter, the company said Thursday in its latest earnings report. This is about a 6% cut, which is by far the biggest cut the company has ever made in a single quarter.

We are seeing a phony market surge to mask the release of recessionary data this week. Don't trust any of the hoopla. The economy is collapsing at an alarming pace, with negative GDP and record-low disposable income. We have around 50 days till the next Fed meeting, and we should anticipate some form of diversion or they will have to admit the economy is in trouble.   Thanks for watching the...

Get ready for something worse! #Powell was asked about the state of the U.S. economy after the FOMC decided to raise interest rates quickly again. Powell told reporters, "I do not think the U.S. is in a #recession right now." "And the reason is that too many parts of the #economy are doing too well."   Thanks for watching this RTD Live Talk. Subscribe & click the 🔔 icon to be notified of...

Zimbabwe gold coins are introduced to the public in a bid to tame runaway #inflation that has further eroded the country's unstable currency. The unprecedented move of offering a #gold coin was announced Monday by the country's central bank, the Reserve Bank of #Zimbabwe, to boost confidence in the local #currency.

India's new #gold exchange seeks efficient price discovery with the launch of international exchange. #India to gain its rightful place in the global #bullion market. This re-enforces the Government of India to be able to influence global bullion prices as a principal consumer.

Recession Indicator triggered as business activity contracts, most since 2009 excluding the lockdown. In the US service sector in early July S&P Global Services PMI dropped to 47 from 52.7 in June. This reading came in much weaker than the market expectation of 52.6. Economic conditions show signs of weakening while CBs are tightening.

On Wednesday, tanks belonging to the #CCP rumbled into the streets of Henan, #China, in an attempt to terrify #bankprotesters who were demonstrating against their frozen funds. People's savings at the Bank of China's Henan branch have been declared 'investment goods' and cannot be withdrawn, causing this occurrence.  

Frustrated Panamanians have taken to the streets in protest for more than a week, building upon anger over fuel prices that have nearly doubled to make known their general dissatisfaction with the government.

The money made in the second quarter stinks. Everything that has to do with stocks and bonds is hurting. Investment banking income is down by about a third to a half from one year to the next.  How will the R-word, or recession, affect banks in the second half of the year? This is an important question.

Putin’s comments reference the involvement of the United States in providing support to Ukraine and also placing sanctions on Russia.  “This is the beginning of the transition from liberal-globalist American egocentrism to a truly multipolar world.”  Putin said the transition “can no longer be stopped.”

Goldmining Inc CEO Alastair Still joins us today to discuss the financial system and how gold has fared well in times of crisis like these. Precious metals have shown to be a safe haven in times of disaster, regardless of the type of catastrophe.

The #economy is a source of concern. At this point, political events cannot obscure the turbulence in the economy. A rising #dollarindex, inflated #payroll figures, and falling #mortgagerates are all poor markers of global economic #health.

#Zimbabwe is set to introduce #gold coins that will enable #investors to store value within the country as #inflation spirals out of control and the local #currency continues to rapidly devalue against major currencies. China's influence has grown so strong that every decision made by the Government of Zimbabwe is in the interest of its colonizers.

The greatest approach to avoid the economic anguish and unhappiness that comes with financial stress is to keep your #purchasingpower stored in a safe and secure long-term inflationary hedge. As a result of excessive #inflation or #debt reductions via #deflation. #Metals are the actual #money at the end of this monetary experiment because they help to preserve #wealth over time.   Today, Sean...

During the imminent breakdown of the global financial system, the value of #cryptocurrencies like #Bitcoin will plunge while the value of precious metals will surge. This summer we will see a lot of fireworks in the global economy but in the end, #silver soars.

The global power showdown is underway between the #BRICS and the #G7. Russia seems to be leading the charge and threatening the Western hegemony with its usage of #gold. The #sanction threat against Russia has caused more harm to the world than Russia and so the G7 have stepped up their attack.

The strength of the US dollar is out of control. Today Johnathan More, CEO of Starr Peak Mining, joins us to share his thoughts on the financial mess the  US Government along with the Federal Reserve has gotten us into.