One day the majority of the voting public may wake up and realise Australia's future is not part of a decaying west, but in Asia. But as usual Australians get the politicians they deserve. If you're part of the one percent nothing else matters. If more than two years of a health fear psyop didn't change the status quo of two identical political parties in control then maybe much more pain is needed to motivate those too well off now. A good depression might do it. One can only hope.
The Golden Age of the East.
Full story here.
https://www.bullionstar.com/blogs/r...oy-lbmas-monopoly-in-precious-metals-pricing/
In an interview on 24 August with Russian-language business daily newspaper Vedomosti, Sergey Glazyev refers to the proposed Moscow Gold Standard Eurasian Standard, and the need for Russia to continue to buy gold:“now it is necessary to replenish [for ex reserves] primarily through the purchase of gold. The Central Bank needs to increase activity in this direction and bring the share of gold in the composition of gold reserves to 80%.
“In response to Vedomosti’s remark that the liquidity of Russian gold under the conditions of the West’s embargo on its purchases is in question, Glazyev announced the need to quote Russian gold on world markets. ‘This means that you need to introduce your own gold standard, which would be recognized at the international level, with a gold quotation on the Moscow Exchange and completely get rid of the London Exchange“
On a ‘Eurasian standard", Glazyev says that:“this Eurasian standard must first be agreed with our partners, for example, in the SCO." Russian gold will be quite liquid on the Asian and global markets in general, regardless of the position of Western countries.At the same time, we could introduce a new international payment and settlement instrument – a stablecoin pegged to gold – and offer it to all Asian countries.
In the future, other commodities produced in the SCO countries can be added to gold as collateral for the new world settlement currencyTogether with a pool of their foreign exchange reserves, this would become the basis for creating a very stable and reliable payment instrument, an alternative to the current ones.”
(20min delay)