Rethinking the Dollar

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 against the United States, including as a response to the unprecedented economic costs we’ve imposed” in response to the Ukraine invasion.

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 would seem the US and its allies know this, which is why they have taken unprecedented measures to try to target Russia’s gold reserves.  

That means we are likely on the cusp of a historic financial earthquake… One that could alter that direction of the US forever and mark the biggest economic event of our lifetimes.

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 details.

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 event would spread fast as the other #dominoes fall.