Russia-Ukraine and gold fallout
Gold bullion (Pixabay)
While the West continues to push sanctions against Russia (and some other lands) as well as arms into Ukraine, there are various consequences. Notice the following report from Switzerland:
THE WEST – A VICIOUS CYCLE OF SELF-DESTRUCTION
As the West is standing on the edge of the precipice, there are only unpalatable outcomes.
At best the world is facing a hyperinflationary depression later followed by deflationary depression.
But sadly there is today much more at stake as the West is frenetically escalating the sound of war drums against Russia’s invasion in Ukraine.
THE WEST HAS NO DESIRE FOR PEACE
As the global economy reaches the point of collapse, countries get the leaders they deserve. There is today no leader or statesman in the West who can stand up to Putin in order to negotiate peace. Biden sadly neither has the vigour, nor the ability to play any significant role in solving the conflict. Also, he has the neocons pressurising him to attack and defeat Russia. And Biden’s rhetoric against Putin is certainly not conducive to peace, with words like war criminal and genocide. …
President Zelensky is doing all he can to involve the rest of the world militarily by demanding more money and more weapons from the West, rather than putting his efforts into peace negotiations. Ukraine can of course never win the war against Russia alone. And dragging in the US and NATO can only lead to a war of incalculable consequences …
Russia is clearly determined to take back what they consider historically belongs to them, which is the Donbas region in the east and southern Ukraine, including Odessa, which gives them full access to the Black Sea. …
END OF A MONETARY ERA & A NEW ONE EMERGING
Politics and money cannot be separated and the geopolitical situation that has now arisen will act as a perfect catalyst to the end of the monetary era since the creation of the Fed in 1913.
But what we must remember is that it is primarily the Western controlled monetary system (including Japan) which will come to an end.
America’s and the EU’s final desperate attempt to save their broken system by sanctions on world trade will eventually fail as the Western economies gradually decay in an economic and social breakdown brought about by a quagmire of currency collapse, deficits, debts and history’s most epic of asset bubbles.
The Phoenix emerging will clearly be the East, led by China with Russia as an important partner. …
Since gold is the ultimate money and the only money that has survived in history, it will have a very important role in coming years as the fiat currency system collapses. …
The current fake monetary system based on $300 trillion of global debt, plus worthless paper assets in the form of derivatives to the extent of around $2 quadrillion, will over coming years collapse under its own worthless weight. …
China and Russia are also the world’s largest producers of gold and probably have gold reserves far in excess of their reported figures which could amount to well in excess of 20,000 tonnes. 05/05/22 https://goldswitzerland.com/the-west-a-vicious-cycle-of-self-destruction/
Actually, I would argue that food is “the ultimate money” (since you cannot survive without it, but you can survive without gold).
However, gold has long been recognized as valuable and is more durable than paper/fiat currencies.
No sooner was it that I wrote an article talking about how Russia was going to back the ruble with gold than “one of the Russia’s most powerful security/intelligence officers and a close ally of Putin” has admitted the country’s intentions to do just that.
And I’m predicting that no sooner will the gravity of this decision finally sink in with the West that China will follow closely in Russia’s footsteps and do the same.
Russia backing its currency with gold represents one of the most drastic changes to the foreign currency market in decades.
The new global monetary system is likely going to look like Russia, China, India, Saudi Arabia and other countries with commodity-backed, sound money on one side – and the west and our allies, with our “infinite” fiat, under the tutelage of rocket surgeon Neel Kashkari, on the other. 05/03/22
Yes, Russia is making moves and others are at least thinking about following it. As far as the West goes, I believe biblical prophecy supports Europe having at least an implied gold backing of its currency–that is not currently the case, but will change.
A reader sent me a link to the following:
“The financial war between countries had already started. It was already simmering before this hot war in Ukraine and now it’s full on,” he said. “We’re in a global financial war. This is war. The sanctions were an act of war if you look at it from the perspective of being sanctioned. So, there’s a war taking place and the U.S. is fighting that war in any way that they can. The last thing that the U.S. need is a $3,000 gold price, because that’s just going to alert everybody that there’s a problem.”
All of this makes the current global monetary system unsustainable, and it is likely to see a hard reset, Giustra added.
“I suspect there has to be a reset of the global monetary system. It’s out of whack. The U.S. dollar is grossly overvalued relative to its trade deficits, and I think that has to be reset. I don’t see this happening by way of consensus, like it happened during the Bretton Woods agreement and the 1985 Plaza Accord, in those situations, everybody sat down and came to an agreement about how to reset the global monetary system. This go around, you’ve got a very competitive and very strained world in terms of relations, and I think that it’s going to be forced upon us,” he said.
China and Russia are likely to partner together to de-dollarize in this new global reset, Giustra added.
Giustra’s comments come as the Chinese and Russian central banks have recently announced plans to meet and discuss the promotion of their respective national currencies.
This comes as China has refused to condemn Russian’s invasion of Ukraine.
As for the U.S. dollar, Giustra said that it will likely lose its status as the sole global reserve currency … https://www.kitco.com/news/2022-05-05/Gold-price-is-manipulated-by-the-Fed-suspects-mining-tycoon-Frank-Giustra-but-suppression-can-t-last-forever.html
Vladimir Putin was the architect of the Eurasian Economic Union and a supporter of BRICS (Brazil, Russia, India, China, South Africa)–an organization partially founded with the idea of pushing aside the USA dollar according to a former president of Brazil. China and India are big gold supporters,
Related to the Biden-Harris Administration, notice some information from my book Biden-Harris: Prophecies and Destruction:
It has been proposed that various nations around the world are already in the process of accumulating gold to one day overthrow the U.S. dollar—and that the “U.S. is unprepared for this strategic alternative to dollar dominance” (Rickards J. Axis of Gold. The Daily Reckoning, December 20, 2016)
When the U.S. dollar totally collapses people all around the world will consider that even if the Euro (or something similar) is strong, having a more gold-backed currency would be safer.
The collapse of the U.S.A. dollar will shake a lot of the world’s confidence in non-gold backed currencies.
The Europeans do not have to have a perfect currency, only one that is perceived to be in better shape than the U.S.A. dollar.
Having the European power acquiring more gold to back the Euro or possibly another future European currency (that might potentially replace the Euro or even a basket of currencies) may greatly increase European credibility, prosperity, and influence around the globe, even if the backing is only implied.
The debt accumulation policies of the Obama-Biden and the Trump-Pence Administrations, which were a massive acceleration of the previous policies of the Bush Administration, look like they will be continued by a Biden-Harris Administration.
The increases in America’s debt are heading the world into the time when something other than the U.S. dollar will be valued as its reserve currency.
A Biden-Harris Administration would need to make massive changes to possibly prevent this.
The U.S.A. and its dollar are at serious risk.
Though he has knocked the Euro, Vladimir Putin has basically called for something that I warned about in my book.
More and more nations will realize that hard assets are real and USA dollars are not. This will not end well for the USA.
Instead of taking steps to help its dollar, the USA continues to push sanctions as well as measures that look to increase its debt (e.g. see ‘Biden pitches largest tax hike in history as part of $5.8T budget request’)–which is something that will ultimately end in destruction per Habakkuk 2:6-8.
Hard assets will, for a time, have value when the USA dollar no longer does.
As Jesus said: “And what I say to you, I say to all: Watch!” (Mark 13:37).
Some items of possibly related interest may include:
The End of US Dollar Dominance Is the USA losing its economic status? What about the petro-gold-yuan? A related video is also available: US Dollar being challenged by Gold-Petro-Yuan.
The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation/deflation? What do Christians need to know about gold? A video of related interest may be: Germany, Gold, and the US Dollar.
USA in Prophecy: The Strongest Fortresses Can you point to scriptures, like Daniel 11:39, that point to the USA in the 21st century? This article does. Two related sermon are available: Identifying the USA and its Destruction in Prophecy and Do these 7 prophesies point to the end of the USA?
Who is the King of the West? Why is there no Final End-Time King of the West in Bible Prophecy? Is the United States the King of the West? Here is a version in the Spanish language: ¿Quién es el Rey del Occidente? ¿Por qué no hay un Rey del Occidente en la profecía del tiempo del fin? A related sermon is also available: The Bible, the USA, and the King of the West.
The Eurasian Union, the Kings of the East, and Bible Prophecy Is there a Eurasian union that will be formed? Is one being formed right now? Are any leaders working on that in the 21st century? Does the Bible teach that there will be a Eurasian union? If some type of Eurasian union is formed, who might it benefit and who will it destroy? A related video would be Is The Eurasian Union Rising?
Russia and Ukraine: Their Origins and Prophesied Future Russia in prophecy. Where do the Russians come from? What about those in the Ukraine? What is prophesied for Russia and its allies? What will they do to the Europeans that supported the Beast in the end? There is also a video sermon available: Russia in the Bible and in Prophecy as are two video sermonettes Russia, Ukraine, Babylonian Europe, and Prophecy and Ukraine in Prophecy?
Is Russia the King of the North? Some claim it is. But what does the Bible teach? Here is a link to a video, also titled Is Russia the King of the North?
Ezekiel 38: For Russia & Iran in Our Day? Is Ezekiel 38 about to be fulfilled? Are we close to the battle with Gog and Magog? Four related videos are available: Ezekiel 38 Gog and Magog War: Is it Soon?, Ezekiel 38: For Russia, Ukraine, & Iran Now?, Russia, Iran, Syria, & the Bible (Code), and Gog, Magog, Vladimir Putin, and Ezekiel 38?
Europa, the Beast, and the Book of Revelation discusses the largest church since the second/third century, which in a real sense is the eighth church mentioned in the Book of Revelation (it also endorses “eighth day” worship). What church would support the Beast? Here is a link to a video titled: Europe and the ‘Holy Roman Empire’.
Asia in Prophecy What is Ahead for Asia? Who are the “Kings of the East”? What will happen to nearly all the Chinese, Russians, Indians, and others of Asia? China in prophecy, where? Who has the 200,000,000 man army related to Armageddon? Here is a link to a related sermon: Asia in Prophecy. Two YouTube video are Is China THE Threat to the United States of America? and China: A King of the East.
The Times of the Gentiles Has there been more than one time of the Gentiles? Are we in it now or in the time of Anglo-America? What will the final time of the Gentiles be like? A related sermon is available and is titled: The Times of the Gentiles.
Biden-Harris: Prophecies and Destruction Can the USA survive two full presidential terms? In what ways are Joe Biden and Kamala Harris apocalyptic? This book has hundreds of prophecies and scriptures to provide details. A Kindle version is also available and you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s Free Reader Apps. After you go to your free Kindle reader app (or if you already have one or a Kindle), you can go to: Biden-Harris: Prophecies and Destruction (Kindle) to get the book in seconds.
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