From Peter Reagan
This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Credit currencies no more, how a $300 jump in gold could happen this autumn, and money managers’ pros and cons of owning gold.
Are we looking at a rebirth of the gold standard under an Asian Bretton-Woods?
This recent analysis of Russian and Chinese economic developments caught my eye. An in-depth review of the current state of the global financial system, combined with speculation regarding the ultimate goals of the latest agreements between Russia and China, leads us in uncomfortable directions.
As we know, sanctions have punished the West without stopping Russia’s invasion of Ukraine. This is not debatable – it’s simply fact. The U.S. has seen diminishing returns from levying financial sanctions against unfriendly nations for decades now. Sanctions are a form of economic warfare that don’t put soldiers’ lives at risk, that cost a fraction as much as military action and are far more politically palatable than armed conflict.
Continue reading “New “Red Gold Standard” Threatens the Dollar”
