Russia Secretly Hoarded Gold for This Moment; Sanctions to Backfire on U.S

Sharing is Caring!

“Europe has just placed its entire energy economy at risk with natural gas and oil sanctions,” as the dollar strengthens and the euro weakens, asserts Byron King, author of Whiskey & Gunpowder at St. Paul Research. Russia has been increasing its gold reserves to prepare for economic sanctions, “for the last eight to nine years,” he tells our Daniela Cambone. Lawmakers in the West, “did not truly understand the medium and long-term risk of truly weaponizing the dollar,” King claims. The inflation levels that the United States is currently experiencing have been, “structurally built into the economy,” he continues. King declares that the world is moving to a different type of international trade, “and it’s going to be a basket of things including energy, gold, and various commodities.” Gold has plenty of upside potential and will be a part of the commodity currency of the future, he concludes.

See also  Russia's central bank slashes interest rates to 11% as it tries to tame the rampant ruble
Help Support Independent Media, Please Donate or Subscribe:
Trending:
See also  WAR, WAR, WAR! Lindsey Graham calls for regime change in Russia, declares ‘let’s take out Putin’

Views: 131

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.