Putin Talks About the Dollar | The Gold Standard 2407

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Join hostess Jennifer Horn and special guest Ken Russo, SVP of the Midas Gold Group, as they delve into the intriguing question: “Why is our dollar losing value year after year?” In this thought-provoking episode, Jennifer and Ken navigate the intricate landscape of America’s financial history since April 1971. President Nixon’s decision to remove the United States from the gold standard sent shockwaves through the global economy. Drawing on recent insights from an interview with Russian leader Vladimir Putin, who warned of the dollar’s vulnerability as a political pawn, our experts unravel the multifaceted reasons behind the dollar’s diminishing stature as the world’s reserve currency.

Unleashing the Power of Printing: The Nixon Schock and the Dollar Weaponization

In 1971, President Nixon’s pivotal decision to sever the ties between the US dollar and gold marked a seismic shift in global finance. The move, known as the “Nixon Shock,” was prompted by mounting economic pressures, including inflation and a growing trade deficit. By abandoning the gold standard, Nixon aimed to gain greater flexibility in monetary policy, enabling the government to address economic challenges more directly. However, this decision also unleashed a wave of consequences, fundamentally altering the dynamics of international trade and finance. As the US dollar lost its anchor in precious metals, it became susceptible to manipulation and exploitation by policymakers. This tendency for manipulation and exploitation set the stage for a new era where the dollar, once a symbol of stability, would be wielded as a tool of geopolitical influence, ushering in an age of financial warfare where nations vie for dominance through currency manipulation and economic coercion.

Putin’s Warning: The Weaponization of the Dollar

In a recent interview with Tucker Carlson, Russian President Vladimir Putin warned the “United States of making one of the biggest strategic mistakes” by misusing the US dollar as a foreign policy tool. Putin argues that such actions not only damage the American economy but also undermine its global influence. He criticized the imposition of restrictive measures on certain countries through transaction limitations and asset freezes, highlighting it as the primary weapon used by the United States to preserve its power worldwide. This insight sheds light on the geopolitical tensions surrounding the dollar’s dominance and the urgent need for countries to diversify away from it to protect their interests.

The Dollar’s Downfall: A Global Perspective

Putin’s remarks echo broader concerns about the dollar’s declining stature globally. As the US intensifies its use of economic sanctions and financial restrictions, countries are increasingly wary of relying solely on the dollar for international trade and reserves. This shift is evident in the growing adoption of alternative currencies and mechanisms to bypass the dollar-dominated financial system. For instance, bilateral swap agreements and the rise of Central Bank Digital Currencies (CBDCs) are emerging as viable alternatives to traditional dollar transactions. Moreover, regional trade blocs like the BRICS (Brazil, Russia, India, China, South Africa) are exploring the possibility of creating a new multinational currency to reduce dependence on the dollar.

“Holding cash and debt assets is a bad thing.”
—Ray Dalio

Get Out of Paper Assets

Investors increasingly seek reliable assets to safeguard their wealth in a world characterized by economic uncertainty and geopolitical tensions. That is why it is essential to diversify and protect your assets. As the fragility of our banking system and the volatility of global markets become more apparent, the need for a solid hedge against inflation and market turmoil is paramount. Precious metals, such as gold and silver, have long served as a store of value, preserving wealth through times of crisis and uncertainty. Recent events in the financial sector underscore the importance of diversification and asset protection. By incorporating gold and silver into your investment portfolio, you can mitigate risk, counter the effects of inflation, and position yourself for financial resilience in an ever-changing world. Join us as we explore the timeless appeal of precious metals and their role in building a secure financial future amidst today’s challenges.

Exploring the Craftsmanship of Gold Bars

During the podcast, Ken Russo shared fascinating insights into producing gold bars, highlighting the distinction between cast gold bars and minted ingots. Crafting cast gold bars involves melting and pouring into prefabricated molds to achieve the desired weight and purity. With their simplicity and essential markings, cast gold bars offer a more affordable option for investors. Ken showcases examples such as the 100 gram Valcambi Gold Bar, known for its impeccable purity. Ken’s demonstration underscored the varying premiums associated with gold products, providing valuable insights for investors seeking to diversify their portfolios with precious metals.
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