Ep. 1765 Russia and China Just Broke the Dollar with New Gold-Backed Currency!!!
Turley Talks
podcast@turleytalks.com
4.8 • 1.3K Ratings
🗓️ 14 July 2023
⏱️ 11 minutes
🧾️ Download transcript
Summary
What’s fast becoming the largest economic union in the world has just announced a new gold-backed currency aimed deliberately at replacing the US dollar! We’re going to find out what’s happening, why it’s happening, and what it all means for a rising and very real new world order!
Highlights:
● "Using the US currency against Russia and kicking them off SWIFT, the international financial transaction platform which is inordinately controlled by US banks, suddenly, in the eyes of many around the world, the dollar transformed from a free international currency into a very powerful and effective weapon, a weapon that more and more nations feared would eventually be used against them.”
● “The weaponization of the dollar has escalated the need for many countries to deliberately begin the process of de-dollarization."
● “The gold-backed currency used among BRICS nations aims to further erode the dollar and establish a multi-polar world, a world where political and economic power is decentralized away from a single dominant power and shared instead among a variety of political and economic centers.”
Timestamps:
[00:49] The weaponization of the US dollar
[02:18] How countries deliberately begin the process of de-dollarization
[04:13] On the creation of a new gold-backed currency
[06:00] What all of this means for us
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Transcript
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| 0:00.0 | Are we seeing the revitalization of conservative civilization, all over the world has been a massive backlash against globalization, its leftist leadership, and its anti-cultural liberal values, and it's just the beginning. |
| 0:18.0 | I'm Dr. Steve Turley. I believe the liberal globalist world is at its brink and a new conservative age is rising. |
| 0:26.0 | Join me every day as we examine these worldwide trends, discover answers to today's toughest challenges, and together learn to live in the present in light of even better things to come. |
| 0:38.0 | This is Turley Talks. |
| 0:41.0 | Hey gang, it's me, Dr. Steve, so it's official. What's fast becoming the largest economic union in the world has just announced a new Goldback currency aimed deliberately at replacing the US dollar. |
| 1:01.0 | We're going to find out what's happening, why it's happening, and what it all means for a rising and very real new world order. |
| 1:09.0 | First, just a quick 60 second recap for how we got here in the first place. As many of you know, following the end of World War II, the world outside of the Soviet bloc began to be led by a single economic and militaristic superpower, namely the United States, and most particularly its dollar. |
| 1:28.0 | This accelerated in the 1970s when the United States struck a deal with Saudi Arabia to standardize oil prices in terms of the US dollar. |
| 1:36.0 | And in many ways, this deal, more than anything else, elevated the US dollar to the world's reserve currency since you could buy oil and gas directly without going through some kind of exchange rate. |
| 1:48.0 | Moreover, nations buying and selling in US dollars in turn, inordinately purchase US treasury bonds with their surplus dollars, so as not to lose money in the exchange process back to their own currencies. |
| 2:01.0 | This in turn allows the US government to print up pretty much as much money as they want because they assume that plenty of foreign nations using the US dollar will purchase up all the debt in the form of US treasuries. |
| 2:16.0 | But all of that changed on Thursday, February 24th, 2022. That's when Russian forces launched a special military operation in Ukraine. |
| 2:26.0 | In mere hours, sanctions were unleashed on Russia from the United States and the European Union using the US currency against Russia and kicking them off swift, the International Financial Transaction Platform, which is inordinately controlled by the United States banks. |
| 2:43.0 | Well, suddenly in the eyes of many around the world, the dollar transformed from a free international currency to a very powerful and effective weapon. |
| 2:52.0 | A weapon that more and more nations feared would eventually be used against them. |
| 2:57.0 | The weaponization of the dollars escalated the need for many countries to deliberately begin the process of de-dollarization. |
| 3:06.0 | A few months back, Brazil and China reached an agreement to ditch the dollar and conduct their cross-border trade with the yuan, the Chinese currency. |
| 3:14.0 | Around the same time, China and Saudi Arabia began talks to price Saudi Arabia's oil sales in the yuan rather than in US dollars. |
| 3:22.0 | Similarly, both the UAE and Qatar have been trading with China using the yuan indirect payments and even France just completed their first yuan settled liquefied natural gas trade with China. |
| 3:35.0 | But none of that compares to what was just announced ahead of the upcoming summit with what is fast becoming the single largest economic union in the world and this changes everything. |
| 3:47.0 | Gang with this announcement, gold has now become king again, literally king of the world. |
| 3:53.0 | A new age of gold back currency is rising and now is your time to get in before the rest of the world figures it out. |
... |
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