London Paul: The Veil of Paper Gold Markets Could be Breaking

Tom welcomes Paul of The Sirius Report to discuss the short-sighted policies that are driving up the costs of most commodities. The Europeans are discovering they have few alternatives to Russian oil and gas. Nordstream 2 would have doubled the amount of energy available to Germany, but they instead decided to create their problems. The green revolution brought its own problems; including reducing the best green energy, nuclear. Wind and solar come with their own problems including most panels come from China. Logically, Europe can't divest from Russian energy very quickly or perhaps at all.

In a sense, we now have a petro-ruble, and Russia may begin selling its other commodities for Rubles. There is consideration being given to backing the ruble with gold and this seems inevitable. Increasingly, global trade is being conducted in non-dollar terms.

Hiking energy costs and inflation are impacting the price of food in most countries. If manufacturing is halted due to a lack of energy then we're going to see much more unemployment. Countries are destroying their economies. Many countries are taking notice, and there is a partial collapse of trust with the West.

The United States is going to have to learn to compromise if it's going to be a part of the global economy. It needs to build strong relationships with nations that its currently at odds.

The Fed can't raise rates significantly and other central banks admitthey can't control inflation. Regardless, raising rates won't have much effect on stagflation. The entire economy now depends on debt and credit.

He discusses the risks and lack of regulation in the crypto space and how it's driven by sheer speculation.

Talking Points From This Episode

* Self-inflicted energy problems in Europe and the unintended consequences of sanctions.* Food production insecurity is spreading globally.* Collapsing trust in the West and the damage due to seizing sovereign treasuries.* Why central banks can't control inflation in a system awash in credit and debt.* Concerns around cryptocurrency, stagflation, and the rapidly developing southern regions of the world.

Time Stamp References:0:00 - Introduction0:54 - Europe and Energy8:17 - IMF & Ruble Strength11:44 - Germany Energy Concerns13:18 - Food Production24:44 - Commodity Countries26:56 - Rare Earth Dependencies34:43 - Inflation & The Fed53:38 - Crypto & Credit Markets1:03:04 - Gold Purchasing Power1:09:12 - Counterparty Risk1:11:05 - Western Failures & Denial1:19:12 - A Sirius Wrap Up

Guest LinksTwitter: https://twitter.com/thesiriusreportWebsite: https://www.thesiriusreport.com/YouTube: https://www.youtube.com/channel/UCa5XOgYU8ac_Ai4C1QXPOIg

The Sirius Report is an independent website providing analysis and an alternative perspective on current affairs and global events that we believe are shaping a new political, economic and social paradigm. We are fully self-funded and are not backed by any third-party corporation, organization, or individual.

The site is run by 'London Paul' and his partner Lisa, who is the site administrator. 'London Paul' is a pseudonym that was first coined by long-time friend and fellow commentator Jim Willie. For privacy reasons, Paul prefers not to be known by his real name. He also feels that the primary focus should be on his work rather than on his identity.

Paul has a long track record of accurate predictions and analyses on geopolitical and economic affairs. Originally a physicist, he was awarded a Ph.D.