Rethinking the Dollar

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: ALTY I OTCQB: ATLYF) https://www.altaleymining.com/.

#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 Bob Coleman and his research here: https://www.goldsilvervault.com

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 Russia, bypassing Western sanctions.  

#Indian authorities are actively considering dedicated #paymentmechanisms for trade with #Russia to enable existing trade obligations in the wake of #sanctions imposed on the #Kremlin, a move that will also pave the way for cheaper #oil imports to meet the country’s #energy demands.  

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”.