{"id":64954,"date":"2023-02-05T06:39:19","date_gmt":"2023-02-05T11:39:19","guid":{"rendered":"https:\/\/olduvai.ca\/?p=64954"},"modified":"2023-02-05T06:39:19","modified_gmt":"2023-02-05T11:39:19","slug":"a-tale-of-two-worlds","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=64954","title":{"rendered":"A tale of two worlds"},"content":{"rendered":"<h3 class=\"text-2xl md:text-3xl heading\"><a href=\"https:\/\/www.goldmoney.com\/research\/a-tale-of-two-worlds\">A tale of two worlds<\/a><\/h3>\n<div class=\"mt-8 leading-6 prose max-w-none md:mt-12 prose-p:text-gmy-dark prose-strong:text-gmy-dark prose-headings:leading-snug prose-headings:tracking-tight prose-headings:antialiased prose-headings:text-gmy-dark prose-a:text-gmy-dark prose-a:underline prose-a:hover:text-gmy-dark-gold \">\n<p><span dir=\"ltr\" lang=\"EN-GB\">In the war between the western alliance and the Asian axis, the media focus is on the Ukrainian battlefield. The real war is in currencies, with Russia capable of destroying the dollar.<\/span><\/p>\n<p><span dir=\"ltr\" lang=\"EN-GB\">So far, Putin\u2019s actions have been relatively passive. But already, both Russia and China have accumulated enough gold to implement gold standards. It is now overwhelmingly in their interests to do so.<\/span><\/p>\n<p><span dir=\"ltr\" lang=\"EN-GB\">From Sergey Glazyev\u2019s recent article in a Russian business newspaper, it is clear that settlement of trade balances between members, dialog partners, and associate members of the Shanghai Cooperation Organisation (SCO) optionally will be in gold. Furthermore, the Russian economy would benefit enormously from a decline in borrowing rates from current levels of over 13% to a level more consistent with sound money.<\/span><\/p>\n<p><span dir=\"ltr\" lang=\"EN-GB\">To understand the consequences, in this article the comparison is made between the western alliance\u2019s fiat currency and deficit spending regime and the Russian-Chinese axis\u2019s planned industrial revolution for some 3.8 billion people in the SCO family. China has a remarkable savings rate, which will underscore the investment capital for a rapid increase in Asian industrialisation, without inflationary consequences.<\/span><\/p>\n<p><span dir=\"ltr\" lang=\"EN-GB\">With a new round of military action in Ukraine shortly to kick off, it will be in Putin\u2019s interest to move from passivity to financial aggression. It will not take much for him to undermine the entire western fiat currency system \u2014 a danger barely recognised by a gung-ho NATO military complex.<\/span><\/p>\n<p><strong><span dir=\"ltr\" lang=\"EN-GB\">Introduction<\/span><\/strong><\/p>\n<p><span dir=\"ltr\" lang=\"EN-GB\">In the geopolitical tussle between the old and new hegemons, we see the best of strategies and the worst of strategies, where belief is pitted against credulity. It is the season of light and the season of darkness, the spring of hope and the winter of despair\u2026<\/span><\/p>\n<p>\u2026click on the above link to read the rest\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A tale of two worlds In the war between the western alliance and the Asian axis, the media focus is on the Ukrainian battlefield. The real war is in currencies, with Russia capable of destroying the dollar. So far, Putin\u2019s actions have been relatively passive. But already, both Russia and China have accumulated enough gold [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,5],"tags":[7772,309,5829,431,33670,536,13351,694,827,33669,834,839,862,5482],"class_list":["post-64954","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-alasdair-macleod","tag-fiat-currency","tag-goldmoney","tag-interest-rates","tag-monetary-policy-central-banks","tag-money","tag-price-inflation","tag-russia","tag-united-states","tag-urkaine","tag-us","tag-us-dollar","tag-war","tag-world-reserve-currency"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/64954","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=64954"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/64954\/revisions"}],"predecessor-version":[{"id":64955,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/64954\/revisions\/64955"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=64954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=64954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=64954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}