We are shortly coming up to a major event in history. A fiftieth birthday party. No, not mine, which was back in April, but the current world petrodollar system will celebrate fifty years of life on 15th August.
I doubt there’ll be fireworks, unless of course the USA chooses it as a day to invade someone, or Israel fires off a few more rockets into Palestine. After all, it’s not really something the powers that shouldn’t be even want you to know about, so any celebrations will likely be behind closed boardroom and palace doors, unseen. For of course, to some, it is a day of celebration – the theft or wealth transfer from millions of citizens trustingly placing their savings in the bank, little realising their money was now back completely by air and the full faith and trust of their government. For what that’s worth.
The other reason not to openly celebrate is that, well, behind the facade the world financial system is splintering and no-one can possibly construct the full jigsaw from all the pieces. Hidden as they are amongst the latest Covidian cult propaganda messages. You most certainly won’t get to hear most of this on the News at 10 on the BBC. Here’s some of the most recent snippets I have been able to glean – and I am sure there are many, many more.
- The European Union is introducing a new payments system SEPA. It’s been around for some years but I only recently got offered it by a financial institution for the first time the other day. Sounds like a future competitor to the hegemony enjoyed by the USA with SWIFT system and yes, I checked and the UK is on the list of participating nations. Suggesting once more that true Brexit never happened despite the promises and the numerous handbags-at-dawn type of tired news stories we are often subjected to. At the very least, it seems the Corporation of London, experts in perennial survivalism, is hedging it’s bets.
- Some central and South American nations, such as El Salvador and Guatemala announced that Bitcoin would become legal tender.
- India just announced that no new Mastercards could be issued in the country. Pretty momentous for a country which has a growing middle class and large IT sector.
- Indonesia has said that another cryptocurrency – Kinesis would be accepted as legal tender. This really catches my eye, as Kinesis claims to be backed by physical Gold and Silver. Something I wrote many years ago could be the thing to encourage acceptance and trust of a new currency. Is it really finally coming?
- Meanwhile, mainstream media plants occasional stories on how the Federal Reserve and Bank of England are thinking about their own Central Bank Digital currencies (CBCDs). Yeah right, I’m sure that the planning and systems are much, much more advanced than that, while their promises that it would exist “alongside” the current system rings hollow. Think of Corona Health Passports – given the complexity of I.T. systems design and development, it’s ridiculous to believe that the systems were not developed long ago, to be ready for the coming crisis. Classic Problem, Reaction, Solution.
- Then there’s China, who are planning their own CBCD with a reach right along the new Silk Road, while simultaneously building up huge Gold and Silver reserves, by buying all precious metals mined in China, rather than seeing it exported. Indeed, it is illegal to export gold and silver from China right now. Rumour has it that this CBCD may go public at the Winter Olympics in 2022.
So what do you do? Right now it’s hard to see the winners and losers, but my guess is that Gold wins again, as it always has in known history. So, for better or worse, perhaps it’s time to put a small amount into Kinesis (Sounds a bit like Kina, doesn’t it?), while also digging a hole in the garden to conceal a few final reserve coins. If it all goes wrong then at least you may puzzle the archaeologists who find your stash a thousand years from now.