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MikeCristo8
@MikeCristo8
The reason for a gold revaluation is to reprice (deflate) paper financial assets.
U.S. paper financial assets will not reprice golds value higher
That’s not how it works
That’s why the U.S. dollar isn’t resetting, because the U.S. doesn’t have the gold it says it does.
Therefore, They can’t manipulate paper financial assets to raise the gold price.
What will bring the dollar down is the “UNIT” Controlling the FX rate of the dollar through its gold reserves.
The “UNIT” will use interest rates to control the price of gold in the FX, which is the mechanism they will use to bring down the dollar.
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By China and Russia having a gold standard in the “UNIT”, they will manipulate interest rates to drain capital (liquidity) from the U.S. Treasury bond market,
This is why the ruble is becoming stronger against the Dollar.
This is why China/Russia created the currency pair last week which is the basis for the gold-backed “UNIT”
China/Russia can control the gold price through raising interest rates via the “UNIT” to bring down the dollar,
The “UNIT” will attract foreign capital away from Treasury bonds (not backed by gold) into China’s bond market (backed by gold).
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