As the gold price reached $3,000 per troy ounce, the Trump administration may consider revaluing U.S. gold reserves. Despite the fact that calls to audit Fort Knox have died down, the existence of nearly 8,000 tons of gold (worth about $750 billion) held at Fort Knox is still surrounded by mystery. Does the gold at Fort Knox even exist? What is its true origin? What’s driving the federal government’s lack of transparency? Will gold revaluation collapse the U.S. dollar, as so many gold brokers claim? Will gold reserves be used to pay off $37 trillion in U.S. national debt or buy Bitcoin for the newly created Federal Bitcoin Reserve? I discussed these and other questions with Ryan McMaken, economist and executive editor at the Mises Institute.
Ryan McMaken notes that the gold held at Fort Knox was effectively “stolen” from the American public by the U.S. government after President Franklin D. Roosevelt issued Executive Order 6102 in 1933. This order effectively made gold ownership, ...
As the annual BRICS+ summit is approaching, the entire world is impatiently waiting to hear what it has in store. The global majority is applauding the new multipolar movement while several actors attempt to discredit it.
The BRICS Summit will take place in late October in Kazan, Russia: Will the bloc announce an alternative financial payment platform? Will it admit new members, possibly extending an invitation to a NATO member, Turkey? How will the BRICS+ nation states align their policies to form a united front, something they desperately need, to move forward in a cohesive manner towards a new multipolar world? Will ASEAN lean towards BRICS?
I had the pleasure of discussing these and other very important questions with Dr. Yaroslav Lissovolik, the leading expert on the BRICS+ economic alliance and the founder of BRICS+ Analytics. During our conversation, Yaroslav was very open about the challenges that the bloc is facing and the direction it needs to take in order to enjoy successful growth. We spoke ...
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Happy Sunday, All!
The weekly recap is live now. Read on Substack: https://lenapetrova.substack.com/p/fears-of-supply-chains-shock-1920s
Read the recent post on Substack: https://lenapetrova.substack.com/p/germany-in-crisis-biggest-companies
The list of financially struggling companies is growing: Volkswagen, Audi, ThyssenKrupp and the chemical conglomerate BASF. What more evidence does one