I would coordinate megacrisis is megacrisis.
I'm, I've been waiting for a few years for a gold revaluation.
It's part of the big reset pieces.
So we'll have a gold price.
Revaluation, a young new incoming, Center Bank presidents in the Czech
Republic.
He said, we're buying gold because it doesn't have any counterparty
risk.
I would coordinate megacrisis is megacrisis, so there's food crisis,
energy, crisis and War, geopolitical crisis.
I think governments and Central Bankers are almost panicking because
they solved each and every crisis.
In the last 20 years by printing more money, you can print as much
money as you like you can grow the balance sheets of and central banks
as far as you want.
There's no there's no limit.
You can grow, is the central bank balance sheet with Once people, lose
trust, and once inflation kicks in, you can't do anything.
You have to, you need to raise
It's what you can't raise rates.
The actively raising rates from 0, to 1 percent.
Right?
Right.
Paul volcker.
He needed to rescue this system in 1980 by raising raised to 20
percent and we need to go back to a little bit into history.
We had to start of this dollar system.
Where two moods 1944 the dollar as good as gold.
The dollar was fixed to Gold.
Yes, that went well until the 1960s then you as printed too much money
They lost control over gold, gold went to 800 dollars from 35 to $800
in a number of years.
There was a dollar crisis there was inflation in 1970s Paul volcker
needed to rescue the dollar system.
He did and then we had 20 years of declining interest rates.
So then after 1980, we had 20 years of declining, interest rates, goat
was coming down and then we have to start off the first crisis in
2000, the tech bubble.
Imploded then we have the second prize in 2008, the real estate crisis
and then we have the third crisis that was in 2020 around go feet and
we solved all these prices by printing money and now the buck stops
here, now they're trapped because you can only solve this situation by
raising rates to towards well, north of five percent rate should go up
to seven, eight nine percent look at other countries in the world.
They are raising rates to those levels to bring inflation.
Down.
But now they need to bring inflation down but the coverage rates to
10%.
So what can they do?
The only thing they can do is is create a recession, create a soft
landing.
And that's what's happening now.
Well, Jamie dimon this week scared markets.
It did by saying prepare for for the coming storm and he said, I don't
know if it will be summer storm or will be a hurricane Sandy that as
theirs.
It's getting tough, especially I think next winter because then we
have this energy crisis, the energy price will still be too high.
Look at the Eastern, European countries are countries like Lithuania
Estonia, poor people in Romania, they can't pay this.
So there will be a big, a huge crisis, the next winter.
You can you have this food crisis?
If you see what's happening out in Lebanon and Africa?
There are some
Your foolish is already starting.
And this just a few months after the war started, and this war will be
finished soon.
They know what's coming.
They know, Central Bankers are trapped in a way.
They know there's a huge debasement of currencies.
The country country Hugh mentioned is very interesting because they
are part of the EU, but they're not part of the monetary Union, they
don't have the Euro, they still have their own current, right?
So, the
Eastern European countries who are part of the EU but are not in the
Euro not using Europe are growing.
Their physical gold Holdings by incredible amounts of problems
increase the 10x, the Czech Republic just announced, they will
increase it the next few years 10x and Poland doubled it.
So that's a real sign that they start.
When Central Bank to start to flee towards growth, they're the guys
who can print the money and actually,
The Czech Republic got rid of almost all of their goals around 2000
and you should never forget that the u.s.
advised all Western countries to sell their gold Holdings in the
1990s.
They never sold one ounce themselves.
With the Canadians sold it all, I'll learn code.
The UK sold sold.
Sold all of their goal.
The Dutch hold how they go.
So there's a huge shift and Central Bankers, actually started to
To to accumulate physical gold.
Again after the Lehman crisis.
In 2008, the dollar used to be connected and backed by gold that was
Bretton Woods.
Won in 1944.
Then in 1960, they try to keep the gold price fixed at $35 per ounce
and they organized it to the London Gold pool.
It was an agreement of Western central banks to dump some physical
gold each and every week and month to keep this gold price.
Six to thirty five dollars.
Then in 1968 frowns didn't want to do that anymore and they got out of
that agreement and that caused a crisis for the US dollar.
And then in 1971, President Nixon needed to take the dollar all of the
gold standard.
So from that background gold is the anti dollar now.
And that that's why the under title of the big reset is the war on
goals and the financial end game.
So
Always this warm gold from the financial institutions from Wall
Street.
So they will never advise it and it's shocking to see and we all know.
There have been so many studies on this topic.
The gold price being managed by selling a lot of paper goals through
the future markets through the comments.
I think we're in the reset, we discussed this before, but there was a
very good study published by Cody's result a.
Are we?
With a former fat guy.
And a few weeks after the start of the war in Ukraine, he published
three reports and actually the title of his report is that we are
witnessing the start of Bretton Woods three.
So weather was one was 1944 by the woods to was 1971.
And he said this is the start of a new monetary system around around
commodity oriented countries in the East and he's pointing to Russia
and China working together.
He calls The People's Bank of China.
The Chinese Central Bank, the Central Bank of all Commodities because
they can do it all the Arbitrage now.
So we here in the west don't want to have the Commodities from Russia
and our but they all go to China.
So China can keep all these commodities for their own use or it can
sell them.
So, China is getting much more powerful without firing a shot and
discreetly Swiss report clearly states, that that
We're witnessing the chains of the international monetary order and
it's now all around Commodities and the Eastern countries like China
or Russia.
Says, these are Commodities is your problem, the West losses, and
we're still quite arrogant because by all the sanctions we imposed on
Russia, we think we have put in Corners, right?
But if you study the sanctions, there are only, I think the Western
countries which have 1/2 billion people living there
Woohoo agree on the sanctions and there's six billion people living in
countries in Latin America, Middle East Africa, Asia who don't support
sanctions.
So the West is a minority but we still think we can make the rules for
everybody to play at.
And now there's a huge disconnect between the west and the rest of the
world.
And if you listen to a commentators, almost on TV, or in China, in
Middle East and also India,
They're fed up with a double standards in the west, I mentioned is
example of a Dutch pension fund Who Sold ten percent of their bond
Holdings after difficult discussions, with the Dutch Central Bank and
other regulators and they exchange their position composition the both
physical gold, and real estate.
So now, you know, in this world with Investments of over 300 trillion,
looking for returns, they can't
Then he returns in bonds, they can't find any returns.
It in stocks stock markets are in correction now.
Crypto is crashed so it's a huge problem so it's no surprise that some
of the investors are starting to look to assets without any
counterparty risk and the the Czech Republic the Central Bank
president Young new incoming Center Bank president in the Czech
Republic, he said we're buying gold because it doesn't have any
counterpart.
Gee whiz and look what happened with Russia.
If you go to skate, the assets of a sovereign country well that's the
best message for somebody to buy gold and store it themselves.
I'm I've been waiting for a few years for a gold revaluation, it's
part of the big reset thesis so we'll have a go price revaluation, one
way or the other, all through central banks who will, Who will decide
to revalue go because they all have gold on the balance sheet.
So their balance sheet looks better when you re value.
Gold said, James Rickards is somebody who he's been saying this for
years.
Yes, actually.
I stole the idea from thank you.
Jim.
So we should get a rag over evaluation.
Actually, we've seen a goal of evaluation to start already because
don't forget in January 2016.
God was $1000 and now we are around 2,000 dollars and we made this
triple top around 2000.
Once we break that barrier, it's Off to the Races.
You can have a very sharp quick,
Rice towards 2500-3000 and what's interesting?
The move for gold in Dulles is always the last one we already seen a
breakout for Golden Yen's.
We've seen will show the graphs.
I've seen a breakout for gold in Euros as well.
So, the last one, which always rule starts running is the gold price
in dollars.
And then we'll see a revaluation of this whole precious metals
complex.
Because if you look at at this conference now,
Evaluation for exploration companies and Junior.
Mining companies is incredible.
So there's a huge revaluation coming.
That's what we prepare for as investor.