2018 – SDR World Currency Backed with Gold
By Sprott Money
Yes, that’s right, the President is teaching us about the economy and how we should “go shopping more”. Spend, spend, spend. What ever happened to save, save, save? Anyone remember “a penny saved is a penny earned“? We never hear any wisdom about the economy, money or the virtues of saving. You do remember what a virtue is, right?
When I sat down to discuss the economy, gold and global events with Jim Rickards, Agora Financial, we peered behind the curtain to see what China and Russia are doing, individually and collectively.
There is a subject that is so far off the radar by the mainstream media, independent media and, basically any media in the West that Mr. Rickards was somewhat surprised when I ask him about it. The Shanghai Cooperation Organization (SCO) is one of the most important developments in the last fifty years. This plan, which encompasses over 50% of the global population and over 70% of the natural resources on this planet, has been completely overlooked, with few exceptions, for many years.
China and Russia sit at the head of this gigantic organization and the implications for the West are many and far reaching. The monetary infrastructure, that is already in place, has the capacity to make void all Western world banking, financial and economic activity. The strategic alliance the SCO represents has the exact same implications regarding geopolitical situations and war. Look at how Russia developed a plan, executed that plan and was able to cripple “ISIS” in five months. The United States and it’s allies have been unable to accomplish this goal in fifteen years! That’s a force to be reckoned with. What makes you think the monetary infrastructure that China and Russia have in place can’t accomplish the same goal on the “monetary battle ground”? While we continue ignoring the most significant monetary and strategic developments, in our lifetime, we are only fooling ourselves that tomorrow will function the same as today. Tomorrow is already here, we just haven’t awakened to hear the news.
Let’s listen in and allow Mr. Rickards to give the details on gold, the SCO and what this means to all of us in the coming years.
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Jim Rickards: 2018 – SDR World Currency Backed with Gold
Posted with permission and written by Rory Hall, The Daily Coin (CLICK FOR ORIGINAL)
Rory Hall, Editor-in-Chief of The Daily Coin, has written over 700 articles and produced more than 200 videos about the precious metals market, economic and monetary policies as well as geopolitical events since 1987. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver and Silver Doctors, SGTReport, just to name a few. Rory has contributed daily to SGTReport since 2012. He has …read more
Source: 2018 – SDR World Currency Backed with Gold
