Gold Telegraph
@GoldTelegraph
Over the past 55 years, the world has quietly lived through a monetary revolution.
What began in 1971 as a “temporary” suspension of the dollar’s convertibility into gold, declared by President Nixon… became a permanent departure from Bretton Woods, replacing gold-backed stability with a floating fiat experiment tied to oil:
The petrodollar.
It was never meant to last.
Even Paul Volcker, who helped design the suspension, believed it would be short-lived.
Instead, it became the foundation of today’s system… a system that has fueled an unprecedented explosion of global debt and left nations at the mercy of a currency no longer anchored to anything real.
We’re living inside a monetary experiment… and history shows these always end the same way.
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People know my position, I have been clear about it for years.
But a new article is on the way, unpacking Scott Bessent’s latest comments and the shifting role of the petrodollar.
The U.S. dollar is the current anchor of the international monetary system.
But think about this:
Nations are propping up a currency that holds immense privilege, yet that anchor has become a weapon.
It can freeze your sovereign assets, crush your economy, and finance itself through unlimited money printing… all while sitting on a mountain of record-breaking debt.
Do you think the majority of nations are happy about this?
The United States Treasury Secretary says bond yields are signaling it’s time for the Federal Reserve to cut rates. This is getting very entertaining.
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BREAKING NEWS: JAPAN’S FINANCE MINISTER SAID THAT THE COUNTRY’S US TREASURY HOLDINGS COULD BE A CARD IN ITS TRADE NEGOTIATIONS
Boom. There it is… Nobody should act surprised.
“It does exist as a card, said Kato, speaking on a TV Tokyo program Friday. Whether or not we use that card is a different decision…”
Former Treasury Secretary and Fed Chair Janet Yellen has joined the advisory board of a climate-focused venture capital firm. You can’t make this stuff up. The jokes write themselves.
The largest foreign holder of U.S. Treasuries just signalled it might weaponize its $1 trillion stockpile in trade talks. This is a big warning s--t. This should be the day’s biggest story, but many are just glossing over it.
Source(s):
https://x.com/GoldTelegraph_/status/1918046910482620473
https://x.com/GoldTelegraph_/status/1918050360381563342
https://x.com/GoldTelegraph_/status/1918056427849171155
https://x.com/GoldTelegraph_/status/1918089832389329388
https://x.com/GoldTelegraph_/status/1918097990201557020
https://x.com/GoldTelegraph_/status/1918103611743306089
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