Gold, a SWIFT alternative, and even blockchain technology are being utilized to free Russia from US hegemonic influence…and its working.
As the entire western mainstream media and “red scare” US congressmen push the fake news “Russia election meddling” narrative, there is only one “Russia story that matters“…
Russia is also part of a reported Chinese plan to install a new international monetary order that excludes U.S. dollars. Under that plan, China could buy Russian oil with yuan and Russia could then exchange that yuan for gold on the Shanghai exchange.
The ultimate loser here will be the dollar. That’s one more reason for investors to allocate part of their portfolios to assets such as gold.
The World Gold Council has reported that the Central Bank of Russia has more than doubled the pace of its gold purchases, bringing its reserves to the highest level since Putin took power 17 years ago.
Russia has now tripled its gold reserves from around 600 tonnes to 1,800 tonnes over the past 10 years and shows no signs of slowing down. Even when oil prices and Russian reserves were collapsing in 2015, Russia continued to acquire gold.
Germany's federal elections were supposed to lead to the triumph of Angela Merkel. Their results were rather different from what was anticipated. Merkel's "victory" looks like a disaster: the Christian Democratic Alliance (CDU-CSU) won 33% of the vote -- 9% less than four years ago, its worst result since 1949. The Social Democratic Party (SPD), which governed the country with Merkel during the last four years, lost more than 5%, and fell from 25.7 % to 20% of the vote -- the worst result in its history.
Alternative for Germany (AfD), a conservative nationalist party born in 2013, obtained 12.6%, and will enter in the Bundestag for the first time. Die Linke, the Marxist left, received 9%. As neither the SPD nor Die Linke will participate in the next government, and as AfD is radically opposed to the policies pursued by Merkel, she has only two possible partners: the libertarian Free Democratic Party and The Greens: both of whose positions on most subjects seem incompatible.
Angela Merkel will remain Chancellor, but by default, and mostly because there was no other real choice: six months ago, two-thirds of the German population wanted her to be replaced. Only 8% wanted her to remain in her post. Martin Schultz, former President of the European Parliament, who was the SPD candidate, did not offer anything different and led a lackluster campaign.
If Merkel succeeds in forming a coalition, it will be a precarious and unstable assemblage that will keep Germany on the verge of paralysis and make the country the sick man of 21st century Europe.
Germany actually already is a sick country, and Angela Merkel is part of the sickness.
The median age in Germany is now 46.8. A gradual replacement of the non-Muslim population with a Muslim population is taking place. Forty percent of children under five, born in Germany, have foreign roots. Since 2005, the population of new arrivals has increased by 24%, while the native population has decreased by 5%.
Demographers say that unless the current trends are reversed, Germans will become a minority in their own country, possibly in fifteen to twenty years.
Most of the German press is permeated with political correctness. Newspapers and magazines support multiculturalism, and do not talk about the most urgent problems facing the country: anemic economic growth, population ageing, and Islamization. Many journalists, professors and writers say that German culture does not exist. When books criticizing Islam may become best sellers, their authors are immediately demonized. Deutschland schafft sich ab ("Germany Abolishes Itself") was an enormous success in 2010, but its author, Thilo Sarrazin, was immediately treated as a "racist" and pushed towards the margin of all political debates. Rolf Peter Sieferle, a former counselor of Angela Merkel, wrote several articles describing the self-destruction of Germany. "A society that can no longer make the difference between itself and the forces that dissolve it lives morally beyond its means," he said in 2015. Insulted and rejected by those with whom he used to work, he committed suicide in September 2016. A collection of his notes was published after his death, Finis Germaniae ("The End of Germany").
This week the spotlight will be on Europe.