James Turk: Silver, Gold and De-Dollarization Update
James Turk: Silver, Gold and De-Dollarization Update by Rory – The Daily Coin
James Turk, GoldMoney and Lend Borrow Trust, is one of the people I turn to for clarity regarding the precious metals markets. Before anyone gets their minds all twisted around about price predictions or which way the rigged “market” is going to move, it is not on the table. We are discussing what is happening from a Federal Reserve Note , U.S. dollar stand-point and the recent de-dollarization by Russia. By reviewing what is happening from these angels we can get a better idea of what to expect in the future.
We begin the conversation discussing silver and the importance to silver to the overall economy and how our world really doesn’t function without it.
This leads into Mr. Turk’s recent King World News interview and where we focused a vast majority of the conversation.
in your recent KWN interview you reiterated that central banks would either be forced back onto a gold standard or the system would, in essence, change so much that central banks would willingly move back to a gold standard. Peter Boehringer – the architect of the German repatriation movement stated there were close to 21 countries that were either discussing gold as money, gold repatriation or some form of very high level discussions of gold. Gold has been repatriated by several countries now from U.S. vaults returning to Venezuela, the Netherlands, Germany and most recently Turkey. Is this, in your opinion, countries preparing for a change in the monetary system or is something else at play with these moves?
With Russia recently dumping 50% of their U.S. treasuries – and for the record it wasn’t a real significant volume, however, the gesture was huge – Russia also recently ask their Russian companies to move out of the SWIFT system and into their alternative payment system that is tied directly to the Chinese alternative to the SWIFT system. Would you say Russia is really the canary in the coal mine for some type of change in the global monetary system and is this part of the overall nonstop attacks by western corporate media against Russia?