EPISODE · Mar 14, 2022 · 50 MIN
Threat Against Russian Gold Reserves Mean a Monetary Reset Is Imminent | The Mike & Mario Show
from Rethinking the Dollar · host Mike
“It’s possible to have more than one reserve currency.” This has profound consequences for you and your savings, more on that in a moment. Russian banks have been kicked out of SWIFT, the system to send international wire transfers. All of this is a big problem for the US government, which reaps an enormous amount of power because the US dollar is the world’s premier reserve currency. It would seem the US and its allies know this, which is why they have taken unprecedented measures to try to target Russia’s gold reserves. That means we are likely on the cusp of a historic financial earthquake… One that could alter that direction of the US forever and mark the biggest economic event of our lifetimes.
What this episode covers
“It’s possible to have more than one reserve currency.” This has profound consequences for you and your savings, more on that in a moment. Russian banks have been kicked out of SWIFT, the system to send international wire transfers. All of this is a big problem for the US government, which reaps an enormous amount of power because the US dollar is the world’s premier reserve currency. It would seem the US and its allies know this, which is why they have taken unprecedented measures to try to target Russia’s gold reserves. That means we are likely on the cusp of a historic financial earthquake… One that could alter that direction of the US forever and mark the biggest economic event of our lifetimes.
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Threat Against Russian Gold Reserves Mean a Monetary Reset Is Imminent | The Mike & Mario Show
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