7Virtues (@7Virtues)

...note to self... {Gold will end the FED.} - no mention of a gold standard - US gold (supposedly) held @ Fort Knox; no audits to confirm - would empty vaults impact public's trust in the FED? why? USD has no connection to gold. But would they care? - [DS] stole gold from Libya, Iraq, Syria (to help fund clowns) - did they also steal from US? - other countries' gold reserves held @ Fed Reserve Bank of NY (near Twin Towers) _Die Hard With A Vengeance_ (1995) - has [DS] + banksters manipulated gold price by leasing non-existent gold or other scams? Yes - how many ounces do the IOUs represent vs. how many ounces are actually in the vaults? - what if holders of IOUs panic and all try to redeem at same time? - after peak in 2011, gold is now in year 8 of a 20-year bear market; headed to ~$750 - at what gold price could US afford to (partially) back (M1orM2orM3) USD with Au? - what about an oil standard? a 'real' petro-dollar; fix the price of oil? coal? ng? - US + Allies + Russia + [SA]? Others? - puts world's largest energy importer (China) in a tight spot https://www.forbes.com/sites/judeclemente/2019/10/17/china-is-the-worlds-largest-oil--gas-importer/ - 50% of China's energy comes from coal; trying to switch to more nat gas via pipeline from Russia (Dec 2019 launch) ///On 17 July 2015, China announced that it increased its gold reserves by about 57 percent from 1,054 to 1,658 metric tons, while disclosing its official gold reserves for the first time in six years./// - now has ~1,948 metric tonnes of gold (figures unreliable) - discount if pay with gold? only accept gold in payment? - EU? imports 96% - UK ~35% - 29% of EU oil imports come from Russia - EU is world’s largest oil-importing region. After US, second largest oil consuming market in the world (ie, they need a lot and have very little) - In 2017, EU's crude oil imports came from: Russia (30 %), Norway (11 %), Iraq (8 %), Kazakhstan and Saudi Arabia (both 7 %). >75% of EU's imports of natural gas came from Russia (40 %), Norway (26 %) and Algeria (11 %), almost 75% of solid fuel (mostly coal) imports originated from Russia (39 %), Colombia and United States (17 % each).