A Virgin, A Pastor and Two Soldiers

[Raúl Ilargi Meijer]

Salvador Dali The Madonna of Port Lligat 1950   On August 15, Greeks celebrate the “Dormition (or the Assumption) of the Virgin Mary (in Greek: K
[See the full post at: A Virgin, A Pastor and Two Soldiers]

[John Day]

Thanks Ilargi, and imagine a global financial regime where the dollar is one national currency, and there is gold for international exchange again.
My hypothesis, which time and tide are now testing, is that the world is transitioning off a petrodollar standard and back onto a gold standard for international trade and finance.
It looks to me like the skirmishes are currently being fought around the line of 8200 Chinese Yuan/Renminbi per Troy oz of gold.
The People’s Bank of China can certainly defend this peg, and the more it is contested, the more established it becomes in global consciousness. Western banking/governments can drive gold lower, which they do from time to time to make people feel gold is unreliable, but they will also drive the CNY/Renminbi lower, and just emphasize the peg to gold, by so doing. It looks like letting things settle close to where they are now is where the truce should be called. 1 Troy oz. Gold = 8200 CNY = $US 1200.
https://goldprice.org/gold-price-china.html
http://www.kitco.com/charts/livegold.html

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