I agree. Lately I’ve been reading how China is really stepping up it’s bullion purchases and gold/silver mining companies as well.
They now settle trade with scores of other countries in their own local currencies, bypassing the dollar entirely.
All in preparation to replace the dollar as the world’s reserve currency when the time comes (granted, it may not be all that soon).
The point is even Beijing knows that to be the big kid on the block you need the currency backed by something real and tangible and it’s supply cannot be manufactured out of thin air.
that’s the truth. we need to get this debt under control like yesterday.