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Geopolitics and Gold/Bitcoin


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#1 dougie

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Posted 28 July 2019 - 02:45 PM

“That will not be the case,” Ryabkov said. “People will bypass, in literal terms. And people will find ways how to defend themselves, how to protect themselves, how to guarantee themselves against any emergencies if someone comes up at the White House or whatever, at the Treasury, at the State, and says ‘Hey guys, now we should stop what is going on in Country X, and let’s squeeze them out.’ And this country sits on the dollar. So they will be done the moment those ideas will be pronounced. So China, Russia and others, we create alternatives that we will most probably continue using not just national currencies, but baskets of currencies, currencies of third countries, other modern barter schemes.”

We will use ways that will diminish the role of dollar and US banking system with all these risks of assets and transactions being arrested, being stopped,” Ryabkov concluded.

 

 

 

This seems to be pretty clear to me. But not so clear what it means for gold and alts...except insofar as the USd is pushed off the mighty throne, the beneficiaries are perhaps numerous...



#2 dougie

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Posted 28 July 2019 - 03:18 PM

on the other hand, if dollar hegemony is paramount, gold will never be allowed by US to threaten that...



#3 senorBS

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Posted 28 July 2019 - 08:06 PM

on the other hand, if dollar hegemony is paramount, gold will never be allowed by US to threaten that...

we have been slowly grinding toward a less and less U.S. centric world both financially and militarily, IMO that is going to hurt the U.S, economy down the road (the financial/dollar part) and will likely weaken the dollar as well. The "glory days" are over and lets hope we can realize that, adjust sensibly, and still do okay, that's why Trump or anyone's "make America great again" stuff is pure crap AS IS all the new Green deal stuff as how in the heck can we pay for all that? Be nice if some folks with common sense that talk reality could actually catch the voters ear and the votes would actually spend some time and do some research and realize all the crap being spewed from both sides, Sorry, could not help myselfzipped.gif


Edited by senorBS, 28 July 2019 - 08:08 PM.