Could a monetary reset be on the horizon amid the backdrop of Russia’s invasion of the Ukraine? Recent comments made by Federal Reserve Chairman Jerome Powell, combined with Western threats against Russia’s gold reserves, are bringing this possibility into the spotlight.
When Powell stated that “It’s possible to have more than one reserve currency,” it raised more than a few eyebrows. As the individual with the greatest level of control over the current world reserve currency, the U.S. dollar, his comments cast doubts on the American currency’s supremacy.
It comes as the U.S. wages an economic war against Russia in the wake of Vladimir Putin’s invasion of Ukraine. An aggressive campaign of sanctions has put Russia in the position of being the most sanctioned country in the world.
One former Treasury Department official, Peter Piatetsky, said: “This is financial nuclear war and the largest sanctions event in history.” He pointed out that the country went from being a part of the global economy to a financial pariah in just a few weeks’ time.
✔️ Boost your immune system with Nutraceutical by Dr. Zev Zelenko
✔️ Beat supply chain issues and future pharmaceutical tyranny with 5 Antibiotics Delivered to Your Home
✔️ Be ready to help yourself and your family with the World’s Best Med Kit
After the U.S. and European governments froze Russia’s U.S. dollar and euro reserves, which were worth roughly $300 billion, the country’s banks were then kicked out of a major system used to send international wire transfers, SWIFT. Now, Western companies are fleeing Russia and banning its citizens from using their platforms, with cryptocurrency exchange Coinbase blocking thousands of accounts linked to Russia and major credit cards like MasterCard and Visa cutting Russia off from their networks.
Russia has been planning these attacks for some time, and they do have alternatives to SWIFT that will allow them to continue to participate in international financial transactions. Many Russian banks are now turning to China UnionPay, another global payment processing network.
At the same time, many countries, such as China, India, Turkey and Iran, are now doing business with Russia using their local currencies rather than the U.S. dollar, and this is significant because they represent a market made up of more than 3 billion people who no longer depend on American dollars for trading.
Therefore, this is a major threat to the power America yields as the home of the world’s premier reserve currency. By isolating Russia as well as its trading partners, the government is essentially pushing other countries to find alternatives to the dollar.
Could gold replace the U.S. dollar?
Another alarming development, according to international investor Nick Giambruno, is the current status of the gold market. Russia has accumulated more than 74 million troy ounces of gold, which means it owns one of the world’s biggest stashes, worth roughly $140 billion. Russia’s gold is reportedly stored in vaults within the Russian Federation’s territory.
Their gold mining industry makes up around a tenth of global output, or $20 billion a year.
Giambruno explained: “Russia’s gold is a big deal because it gives them access to an apolitical neutral form of money with no counterparty risk. Remember, gold has been mankind’s most enduring form of money for over 2,500 years because of unique characteristics that make it suitable to store and exchaconge value. Gold is durable, divisible, consistent, convenient, scarce, and most important, it’s the ‘hardest’ of all commodities.”
Therefore, Russia’s gold could be an attractive alternative to the American dollar. They have a lot of it, and if they join forces with China, their gold could form the basis of a new monetary system over which the U.S. would have little control.
Giambruno suspects that the U.S. and its allies are well aware of this, particularly considering how they’ve been recently targeting Russia’s gold reserves. From introducing a Senate bill that would sanction anyone who buys or sells Russian gold to kicking the country out of the London Bullion Market Association, it appears that fears are growing that a huge monetary reset may be about to take place.
Sources for this article include:
Most “Conservative” News Outlets Are on the Big Tech Teat
Not long ago, conservative media was not beholden to anyone. Today, most sites are stuck on the Big Tech gravy train.
I’ll keep this short. The rise of Pandemic Panic Theater, massive voter fraud, and other “taboo” topics have neutered a majority of conservative news sites. You’ll notice they are very careful about what topics they tackle. Sure, they’ll attack Critical Race Theory, Antifa, and the Biden-Harris regime, but you won’t see them going after George Soros, Bill Gates, the World Economic Forum, or the Deep State, among others.
The reason is simple. They are beholden to Big Tech, and Big Tech doesn’t allow certain topics to be discussed or they’ll cut you off. Far too many conservative news outlets rely on Google, Facebook, and Twitter for the bulk of their traffic. They depend on big checks from Google ads to keep the sites running. I don’t necessarily hold it against them. We all do what we need to do to survive. I just wish more would do like we have, which is to cut out Big Tech altogether.
We don’t get Google checks. We don’t have Facebook or Twitter buttons on our stories. We don’t have a YouTube Channel (banned), an Instagram profile (never made one), or a TikTok (no thanks, CCP). We’re not perfect, but we’re doing everything we can to not owe anything to anyone… other than our readers. We owe YOU the truth. We owe YOU the facts that others won’t reveal about topics that others won’t tackle. And we owe America, this great land that allows us to take hold of these opportunities.
Like I said, I don’t hold other conservative sites under too much scrutiny over their choices. It’s easy for people to point fingers when we’re not the ones paying their bills or supporting their families. I just wish there were more who would make the bold move. Today, only a handful of other major conservative news outlets have broken free from the Big Tech teat. Of course, we need help.
The best way you can help us grow and continue to bring proper news and opinions to the people is by donating. We appreciate everything, whether a dollar or $10,000. Anything brings us closer to a point of stability when we can hire writers, editors, and support staff to make the America First message louder. Our Giving Fuel page makes it easy to donate one-time or monthly. Alternatively, you can donate through PayPal or Bitcoin as well. Bitcoin: 3A1ELVhGgrwrypwTJhPwnaTVGmuqyQrMB8
Our network is currently comprised of six sites:
- NOQ Report
- Conservative Playlist
- Freedom First Network
- Based Underground
- Uncanceled News
- Our Gold Guy
We are also building partnerships with great conservative sites like The Liberty Daily and The Epoch Times to advance the message as loudly as possible, and we’re always looking for others with which to partner.
Some of our content is spread across multiple sites. Other pieces of content are unique. We write most of what we post but we also draw from those willing to allow us to share their quality articles, videos, and podcasts. We collect the best content from fellow conservative sites that give us permission to republish them. We’re not ego-driven; I’d much rather post a properly attributed story written by experts like Dr. Joseph Mercola or Natural News than rewrite it like so many outlets like to do. We’re not here to take credit. We’re here to spread the truth.
While donations are the best way to help, you can also support us by buying through our sponsors:
- MyPillow: Use promo code “NOQ” to get up to 66% off AND you’ll be helping a patriotic, America First company.
- ZStack: Improve your immune system with the Z-Stack protocol or rejuvenate your body from vaccines or shedding with Z-DTox by Dr. Vladimir Zelenko.
- OurGoldGuy: Tell them JD sent you in your request to buy gold and it will help us… AND (wait for it) you’ll be helping a patriotic, America First company.
- MyPatriotSupply: Stock up on long-term food, survival gear, and other things that you’ll need just in case things don’t recover and we keep heading towards apocalypse.
We know we could make a lot more money if we sold out like so many “conservative” publications out there. You won’t find Google ads on our site for a reason. Yes, they’re lucrative, but I don’t like getting paid by minions of Satan (I don’t like Google very much if you couldn’t tell).
Time is short. As the world spirals towards The Great Reset, the need for truthful journalism has never been greater. But in these times, we need as many conservative media voices as possible. Please help keep NOQ Report and the other sites in the network going. Our promise is this: We will never sell out America. If that means we’re going to struggle for a while or even indefinitely, so be it. Integrity first. Truth first. America first.
Thank you and God Bless,
JD Rucker
Bitcoin: 32SeW2Ajn86g4dATWtWreABhEkiqxsKUGn
All ORIGINAL content on this site is © 2021 NOQ Report. All REPUBLISHED content has received direct or implied permission for reproduction.
With that said, our content may be reproduced and distributed as long as it has a link to the original source and the author is credited prominently. We don’t mind you using our content as long as you help out by giving us credit with a prominent link. If you feel like giving us a tip for the content, we will not object!
JD Rucker – EIC
@jdrucker