Tin Foil Hats, Economic Reality and the Total Perspective Vortex

Chigg

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Or it will be the excuse they use to to release the hounds on the bugs.
 

pmbug

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U.S. imports of Russian-origin gold have been banned, with the exception of gold located outside of Russia prior to Tuesday. Russia produces around 10% of the gold mined globally each year and it is the country's biggest non-energy export.
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I'm not sure how much gold Russia was actually selling anyway, but since this would theoretically restrict supply and put upward price pressure on gold, expect to see it go on sale (again!).
 

pmbug

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A bipartisan group of US lawmakers wants the Federal Reserve to get more serious about issuing a digital dollar to compete with rivals like China's digital yuan.

Democrat Rep. Maxine Waters has drafted legislation that aims for the Fed to further study the prospect of a digital dollar and design a route for it to come to fruition, The Wall Street Journal reported.

It comes after Waters, who is chair of the House Financial Services Committee, called the area of central bank digital currencies "a new digital assets space race."

Another supporter of the digital-dollar effort, Republican Rep. French Hill, cited China's creation of a digital yuan in 2020 as a concern, noting Beijing's lending around the world could aid its adoption and threaten the dollar's dominance.
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The Fed is already reviewing the pros and cons of a digital currency. But Chairman Jerome Powell has said he's in no rush, while remaining steadfast that a digital dollar won't happen without the support of elected officials. Meanwhile, the Biden administration has ordered a study to review the ramifications of a digital dollar but has yet to take a stance on the issue.
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pmbug

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I was looking at gold this morning trading up from a bottom near $1660 or so and musing at how cheap that seems. Then I read this:
Switzerland imported 5.7 tons of Russian gold worth about $324 million in August, which is the highest level in more than two years, according to the country's customs data.
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The Swiss customs specified that the Russian gold came from Britain and did not violate sanctions. The metal was registered as Russian because the Swiss customs data indicate only the last location the metal was refined at, not where it was last transported from.

The U.S., EU, Japan, Canada, and Switzerland have sanctioned imports of all new Russian gold. But gold bars exported by Russia before August 4 do not fall under these sanctions, the Swiss authorities clarified Tuesday.
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Russia is the second top gold miner in the world. Before sanctions, it was one of Britain's leading suppliers of new bullion.
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So supposedly, sanctions (on Russian gold) have been in effect for over a month now. Where is Britain (and the LBMA) sourcing gold from to make up shortfall from one of their largest suppliers? How has the price not risen if supply has been constrained?
 
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pmbug

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Jan Niewenhuijs interviewed by GoldCore talks about the possibility of a monetary reset using gold as the backbone. He says a lot of the same things that Rickards was saying years ago. His correspondence with Euro central banks provides an interesting perspective.

 

rblong2us

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ah yes the great reset, NESARA/GESARA, Dinar reval, quantum financial system
and now Putie's gold backed financial system ........

Ive waited patiently for 12 years and its always just around the corner
Something has to break badly I reckon, but maybe we are getting close ?
 
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