{"id":65509,"date":"2023-07-16T09:56:07","date_gmt":"2023-07-16T14:56:07","guid":{"rendered":"https:\/\/olduvai.ca\/?p=65509"},"modified":"2023-07-16T09:56:07","modified_gmt":"2023-07-16T14:56:07","slug":"the-bell-tolls-for-fiat","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=65509","title":{"rendered":"The bell tolls for fiat"},"content":{"rendered":"<h3 class=\"text-2xl md:text-3xl heading\"><a href=\"https:\/\/www.goldmoney.com\/research\/the-bell-tolls-for-fiat\">The bell tolls for fiat<\/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\">The importance of Russia\u2019s announcement that a new gold-backed trade currency is on the BRICS meeting agenda for August 22\u201424 in Johannesburg seems to have gone completely over everyone\u2019s heads, with mainstream media not even reporting it.\u00a0<\/span><\/p>\n<p><span dir=\"ltr\" lang=\"EN-GB\">This is a mistake. China and Russia know that if they are to succeed in removing the dollar from their sphere of influence, they have to come up with a better alternative. They also know they have to consolidate their trade partners into a formidable bloc, so plans are afoot to consolidate BRICS, the Shanghai Cooperation Organisation, and the Eurasian Economic Union along with those nations who wish to join in. It will be a super-group embracing most of Asia (including the Middle East), Africa, and Latin America.<\/span><\/p>\n<p><span dir=\"ltr\" lang=\"EN-GB\">The groundwork for the new currency has been laid by Sergei Glazyev and is considerably more advanced than generally realised.<\/span><\/p>\n<p><span dir=\"ltr\" lang=\"EN-GB\">This article explains why Russia and China are now prepared to fully back Glazyev\u2019s expanded project. For Russia, it is also now imperative to destabilise the dollar as a deliberate escalation of the financial war against America and NATO. China\u2019s priority is no longer to protect her export trade, but to ensure that her African and Latin American suppliers are not destabilised by higher dollar interest rates.<\/span><\/p>\n<p><strong><span dir=\"ltr\" lang=\"EN-GB\">Introduction<\/span><\/strong><\/p>\n<p><span dir=\"ltr\" lang=\"EN-GB\">\u201cThe BRICS\u2019s introduction of a gold-backed currency, which is supported by 41 countries with large and influential economies, will weaken the dollar and the euro and will benefit countries such as Iran, while Iranians in possession of gold will experience a wealth increase,\u201d Mousavi added [the head of the South Asia Department at Iran\u2019s Foreign Ministry]. The Russian government confirmed a day earlier that Brazil, Russia, India, China, and South Africa would introduce a new trading currency backed by gold.\u00a0<\/span><\/p>\n<p>\u2026click on the above link to read the rest\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The bell tolls for fiat The importance of Russia\u2019s announcement that a new gold-backed trade currency is on the BRICS meeting agenda for August 22\u201424 in Johannesburg seems to have gone completely over everyone\u2019s heads, with mainstream media not even reporting it.\u00a0 This is a mistake. China and Russia know that if they are to [&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],"tags":[7772,1860,2970,309,374,5829,11122],"class_list":["post-65509","post","type-post","status-publish","format-standard","hentry","category-economics","tag-alasdair-macleod","tag-brics","tag-eurasian-economic-union","tag-fiat-currency","tag-gold","tag-goldmoney","tag-shanghai-cooperation-organisation"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/65509","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=65509"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/65509\/revisions"}],"predecessor-version":[{"id":65510,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/65509\/revisions\/65510"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=65509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=65509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=65509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}