Rethinking the Dollar

Russia delivers an energy ultimatum to Europe, saying that the Nord Stream 1 pipeline will not resume until the "collective West" lifts sanctions against Moscow over its invasion of Ukraine. The ultimatum comes after threats of an energy price cap on Russia moving forward within the EU. Energy has been halted until sanctions are removed or else.    Thanks for watching this RTD Live Talk....

As central banks work together to tighten monetary policy, the disconnect between rhetoric and reality is growing shorter by the day. The European Union is picking and choosing which failing countries to aid, the United Kingdom has hinted at yield curve control if necessary, and the Federal Reserve has admitted that the public will suffer.  Thanks for watching the Mike & Mario Show. Subsc...

According to the deputy PM, countries that support the Russian oil price caps will not get crude. Russia will embargo countries that support the Washington-proposed price cap on its oil. Europe and America will feel the pain of being cut off from the energy markets which hurts the consumers most.   Thanks for watching this RTD Live Talk. Subscribe & click the 🔔 icon to be notified o...

Europeans have been posting viral photos of outrageously high electricity bills amid the ongoing energy crisis. Pensioners and the working class were hit hard by the cost of living crisis. If you haven't experienced conditions like this you should be grateful.    Thanks for watching this RTD Live Talk. Subscribe & click the 🔔 icon to be notified of future video uploads. Join us for...

Europe is facing its worst global drought in 500 years, with two-thirds of the continent under a "warning" or "alert". There is a reason why droughts and floods are happening around the world right now. The Global Climate Agenda fits right in with the World Economic Forum's plan to privatize clean reliable drinking water and limit people's access to basic resources. Thanks for watching this RTD Li...

Major House price collapse by 20 percent or more may hit next year when the Government finally admits that we are in a recession. Property in some areas of the country is overvalued by as much as 72 percent said Mark Zandi, chief economist for Moody's Analytics.   Thanks for watching this RTD Live Talk. Subscribe & click the 🔔 icon to be notified of future video uploads. Join us for the...

The U.S. Department of Transportation has declared a regional energy emergency for Illinois, Indiana, Michigan, and Wisconsin after a fire shut down the BP oil refinery in Whiting, Ind., the largest in the Midwest. What a coincidence that we have another energy emergency right before harvest season. This energy emergency could be a trigger that drives the Fall gas price spike.  Thanks for wat...

Car Repos surge across the USA as this trend is expected to increase through to the end of 2023, and probably beyond. Subprime repossessions have been up 11 percent since 2020. More concerning, perhaps more unexpected is this: Barron reports that vehicle repossessions are also rising among customers with higher credit scores.    Thanks for watching this RTD Live Talk. Subscribe & cli...

A record number of people are late on their utility bills due to skyrocketing #energyprices . One in six American households, or nearly 20 million people, are overdue on their utility #payments . Thanks for watching this RTD Live Talk. Subscribe & click the 🔔 icon to be notified of future video uploads. Join us for the next live on air, and bring a topic.    BullionMax is offering a...

On a scale from 0 to 10, Americans are asked how they feel about their lives in Gallup's Life Evaluation Index. 5.6% of Americans report "suffering," the highest percentage seen since 2008. We are only experiencing mere tremors of what a contracting debt system looks like. If conditions are this tight now what do you think the economy will look like when the system tanks?  Thanks for watching...

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.