Rethinking the Dollar

Israel’s central bank has made the most significant changes to its allocation of reserves in over a decade. The ICB lowered the dollar and euro holdings while adding the Chinese yuan. The reshuffling of currency holdings away from the dollar's dominance is picking up.

Financial stability risks have risen as interest rates rise and debt defaults increase threatens the resilience of the financial system. The debt-based currency system is running out of steam as the people borrow less and Governments need to spend more.

Prices are soaring globally as the consumer price index which measures the cost of everyday products and services reaches 40-year highs in developed economies. Inflation hasn’t been this bad since 1981 in the USA. While prices are inching higher in the USA, the rest of the world has been suffering much longer because of the destruction of purchasing power caused by the Central Banking fiat regime.

Today Lahiru Doloswala, Journalist for NewsCutter.ik, joins us to share his experiences living in Sri Lanka and the uphill battle his country faces to overcome the current economic and political chaos. From rapid inflation to Government corruption, the Sri Lankan people are caught in the middle of the sovereign debt default and the chaos.

The US has approved more than a billion dollars in security assistance for Ukraine since Russia's attack began. Those packages, which have included anti-aircraft and anti-tank missiles, have been arriving in just a few days. Such deliveries have "never been done that fast before. I wonder why?

Today Ralph Shearing, CEO & President of Altaley Mining, joins us to share his thoughts on the supply crunch in the metals market. Due to all the uncertainty in the world, the overall sentiment of the mining industry is that the gold bull cycle will be confirmed this year.   Please find out more about my guest Ralph Shearing and the latest developments with Altaley Mining here: (CSE:...

#Rublegas is the commodity currency du jour if Europe wants #gas. After European nations imported the most gas from Russian sources last week in months, scrambling to stock up on supplies as the deadline set by Russian President Vladimir #Putin comes to an end.

Russian officials said their demand for “unfriendly" countries to pay for natural gas in rubles does not mean supplies will be immediately interrupted yet starting this month it will.  Gas used for heating and electricity was still flowing from Russia to Europe on Friday but the world has been put on final notice. Pay us in Rubles or else...   

Today Bob Coleman, Hedge Fund Manager & Founder of Goldsilvervault.com, joins us to share his thoughts and expertise in the physical bullion industry. The supply-side and divergence away from Western price-setting mechanisms are being obvious. As more talks of gold and silver continue there will be more of a need for precious metals than ever before.    Find out more about my guest B...

The Indian government is reportedly considering Moscow’s proposal to turn to the Russian payment system, which allows direct rupee-ruble transfers in #bilateraltrade.  The mechanism developed by the Russian central bank is expected to boost commerce between the two countries by avoiding dollar-denominated trade and allowing the world’s third-biggest oil consumer to continue purchases from Rus...

Russia on Monday has issued a firm and unyielding response to G-7 ministers who had dismissed as "unacceptable" its plan to only accept ruble payments for Russian gas going to "unfriendly" nations.  

Today Nathan Fisher, Researcher & Blogger at Renaissancemen.org, joins us to share his research into the recent announcement by Russia of the de facto gold Petrosystem starting this week. The reopening of the gold window will bring into question the current price discovery of commodities measured in gold and not dollars. 

The U.S. and its allies are moving to block financial transactions with Russia's Central Bank that involve gold, aiming to further restrict the country's ability to use its international reserves to escalate the #dedollarization movement. Putin has been building his gold stockpile well before recent events in order to reintroduce gold back into the monetary world order.  

Russian Foreign Minister, Sergey Lavrov held a breakfast meeting with the “Moscow-accredited” Ambassadors from the BRICS countries. According to the Russian Foreign Ministry website, Foreign Minister Lavrov maintained that “the unprecedented economic war unleashed against Russia through sanctions is a crude violation of key international legal standards”.

Federal Reserve Chair Jerome Powell said Monday the central bank is prepared to raise interest rates more aggressively – including by half a percentage point at some meetings. Space weather experts have spotted the sun ejecting a large mass of particles and think this could hit Earth in the next few days.  Biden said in a Monday statement that Russia “could conduct malicious cyber activity ag...

The United States Mint (Mint) today announced it will forgo the production and sales of Morgan and Peace Silver Dollars in 2022.  This calculated pause is directly related to the global pandemic’s impact upon the availability of silver blanks from the Mint’s suppliers.

“It’s possible to have more than one reserve currency.” This has profound consequences for you and your savings, more on that in a moment. Russian banks have been kicked out of SWIFT, the system to send international wire transfers.  All of this is a big problem for the US government, which reaps an enormous amount of power because the US dollar is the world’s premier reserve currency. It wou...

The flexible cut of the CPI—a weighted basket of items that change price relatively frequently—increased 19.76 percent (annualized) in February. If we added the U-3 unemployment rate, we get a MISERY Index under Biden of 23.56%, the highest in modern history. Worse than Carter-era inflation and malaise.

The London Metal Exchange doesn't expect to resume nickel trading until at least Friday in response to the turmoil in the market, after prices rose above $100,000 for the first time Tuesday in the largest move ever on the exchange.

#Commodities prices are at record levels as the response to the C-19 mixed with geopolitical crises unfold. The problem could worsen for the world if prices in all of life's essentials continue to rally. 

#StateDepartment counselor Derek Chollet said the allied nations that have joined in #sanctioning Russia represent a combined 50 percent of the global #economy; #China accounts for around 15 percent. If China tries to help #Russia evade sanctions in the wake of #Moscow’s invasion of# Ukraine, it will face countermeasures, a senior US State Department official said on Thursday, without providing de...

The United States and other Western countries have embarked on an economic war against #Russia as a result of President Vladimir #Putin's attack on #Ukraine.  The latest sanctions are aimed at sparking a banking crisis, sending the Russian economy into a deep recession, and overwhelming Moscow's financial defenses in accordance with the Global American Empire's #agenda.

#CentralBankers fear the public awareness of #gold and now #Powell calls it speculative like cryptocurrency. The monetary illusion is falling apart after 50 years since the gold window was closed by #Nixon. It looks like cutting off Russia from the fiat currency world is forcing gold back into the light.

Anti-Russia #sanctions are accompanied by market volatility, rising gas prices, and a global "flight to quality". That could have negative ramifications on the global #economy by impeding the transactions that facilitate trade. The #interconnectedness of the global monetary system is revealing how fragile and weak the markets are during these times of extreme #volatility. If one nation falls the e...

The month of March has been very chaotic and while the world focuses on the Russia/Ukrainian conflict they have left out the most important financial news which happens to be #BankRuns. There has been three #banking crises in a two week timeframe and you should be concerned.