Sunday, May 15, 2022 9:07:22 AM
So, how's the reset going to come about? My best guess would be we have a changing of the guard with the dollar losing it's reserve currency status. That may not happen right away, but we can see now with the alliance between China/Russia that they are making a move to displace the dollar as best they can.
The power shift going on between the east and west is happening now in a big way and I believe we've seen major deterioration for the west with the east gaining strength in almost every area. Mostly in the accumulation of gold by the east. This is a process that takes time, so the change hasn't happened in full yet, but it's coming. If You watched the Ray Dalio video I posted a week or so ago, he sees it coming too. China becoming the new Top Dog.
I also believe China and Russia are fudging on what they hold in gold reserves. That will be revealed at some future time and will be a game-changer for a gold-commodity backed Yuan. We've seen how Russia's benefitted from that recently when hit with the sanctions from the west. Sanctions that haven't hurt them in the least, mainly because they can back the Ruble with gold if they have to. They also have plenty of oil, natural gas, and other commodities the rest of the world needs.
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