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U.S. Dollar Has Declined To 1/1300 Ounce Of Gold Since 1971

Gold And The Dollar Devaluation? 1)   Voltaire said over 200 years ago, “Paper money eventually returns to its intrinsic value – zero.” 2)   The value of the U.S. dollar has declined from about 1/40 of an ounce of gold to its current level of about 1/1300 ounce of gold since 1971. 3)   Because central bank […]

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China Launching “Petroyuan” In Two Months

The writing is on the wall for dollar hegemony. As Russian President Vladimir Putin said almost two months ago during the BRICs summit in Xiamen, “Russia shares the BRICS countries’ concerns over the unfairness of the global financial and economic architecture, which does not give due regard to the growing weight of the emerging economies. We are ready to work together with our partners to promote international financial […]

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