I think there will be a massive financial reset around the globe. And some country (China) will find a way to tie their currency to gold and they will dominate all other nations in the financial marketplace. The US will not be able to do this, because we’ve sold all our gold (and the gold which other countries left in our vaults for safe-keeping).
Gold may have to be $10,000 an ounce, but the winning currency will be tied to gold, and fiat money will be dead.
First this comment from the article below. It`s spot on and prescient :
They will re-monetize gold for trade in goods by-passing the dollar or they will establish trade via other currencies. But the goal is to start backing their trades and/or individual currencies with gold.
The caveat is this, however: They still need to continue slowly extricating themselves from as much of their U.S. dollar and bond holdings as possible so that they don’t start a fucking avalanche and everyone start running and screaming from the theater all at the same time. That way they can also continue to buy gold for cheap dollars.
But when the day comes and they’re all wired together with their own version of SWIFT and everyone is ready to rock, then that’s when they will flip the switch on the dollar. They will all have to dump it at the same time so the transition occurs in one move basically over a weekend.
-BRICS Plan To Become “Political Alliance” To Reform The International Financial System-
As the world slowly turns against US Dollar hegemony, it appears the BRICS are pressing to fill any gaps. Having created the BRICS Bank “alternate to The West-controlled IMF or World Bank,” Xinhua reports that Russian Foreign Minister Sergei Lavrov believes the BRICS mechanism has been fully developed and can now transform into a political alliance to “reform the international financial system.”
-BRICS Announce $100 Billion Reserve To Bypass Fed, Developed World Central Banks-
PS:
When they sell off their U.S. Bonds, get organized and flip the switch overnight?
The USD becomes worthless and will fetch maybe 50 cents at first then continue to melt to 5 or 10 cents.
USA either esets to a Constitutional Republic or becomes a 3rd world sh*t-hole dictatorship.