As I sit here reading the news, I am disheartened at the complete ignorance of society. As the world is consumed with the criminal acts of Ferguson, Ebola and whatever else the Mainstream media wants us to see, our financial world is crumbling. China has banned together with Russia, Brazil, India and South America to create the BRICs bank as well as creating their own gold exchange. This is getting almost no media attention at all, not to mention that several countries are pulling their gold out of the Federal Reserve. Our stock market, although the media would have you believe its doing well, is actually at the height of another bubble.
First, the BRICs bank. The Brics Bank has been created using gold as the backer. China and Russia have begun trading with other countries using their own currencies instead of the US dollar and are no longer buying US bonds. What does that mean? Simply put, they are no longer favoring the US dollar as the reserve currency. They know that our dollar is highly inflated and no longer valuable. They also feel that the gold price is being manipulated so they have created the Shanghai Gold exchange.
Second, countries are removing their gold from the Federal Reserve where its currently being held and back to their own soil. The latest was the Netherlands, who pulled 122.5T of gold.
And last but not least, the Stock Market. The last time the market was at a peak such as today, we had the dot.com crash of 2000 and the housing bubble of 2008. The stock market has been artificially kept high and gold prices down. The laws of supply and demand do not support the very low price of where gold has remained for months now, especially since the stock market has had some very bad days recently. You would expect gold to be higher especially in times of turmoil like we are seeing now.
I feel we at a critical time and there are so many events going on that could create the perfect storm for a complete meltdown of the economic system and possibly the new slate that is needed for complete currency reset. I pray I am wrong, but history repeats itself and the US seems to ignore this fact.