King Dollar Gets Castrated

This is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.comHousekeeping: Good Morning.Bretton Woods Three is a Process, Not an EventIn the West, the dollar remains King but a castrated one; subject to growing strengths in the East. Today:* Bretton Woods 3, Gameover* Premium: ING Commodities ReportYesterday’s Activity:US equities continued to retreat on Tuesday after closing at record highs last week.Market Commentary: Game Over. [Slide Deck at bottom]The BW 3 Process likely involves some combination of the following 2 scenarios: Scenario 1: The decision to monetize gold on a global basis has already been made. Every nation that’s in a position to, and every institution with a stake in the future of finance is setting the table for a big coming out party for some sort of official announcement. They’re all doing it in different ways suitable to their culture, regulatory environment or business model. But everyone’s doing it. The announcement will come after everyone’s in place. And it will probably rock the world if not the price of gold. The second scenario is less exciting but equally possible: