Petro dollar reset - Gold

Aug 2026: The national debt just hit record of $40 trillion.

"The US is bankrupt. Interest payments on the national debt now exceed the entire military budget. Inflation is eroding the value of the petrodollar. BRICS nations are no longer trading in the petrodollar. So Trump has to do something? But what?Trump previously indicated that he wants to back the petrodollar with cryptocurrency.Why are major banks like JP Morgan buying record amounts of gold?Is a gold revaluation coming, just like 90 years ago during the Great Depression?

Fifty five years ago President Nixon had the US abandon the Gold standard. I explain here why he did it, but also why ,on balance ,I think it was among his greatest errors.

URGENT: Trump Will RESET The Price of Gold (We Have 4 Months)

Is the US Dollar Headed for a Hyperinflationary Collapse? |

Sept 2026: CHINA'S GOLD BUYING HAS GONE PARABOLIC. It spent nearly $160 BILLION on gold in last 8 months, even after gold prices hit all time high of $5595 this year.

Sept 2026: After France, The Netherlands follow: The Netherlands moves 86 tonnes of gold out of US due to 'geopolitical unrest' as experts warn it is 'no longer safe' under Trump

US Debt: www.usdebtclock.org

Roosevelt stole all US citizens' savings in January 1934 with one simple trick. 

The Gold Reserve Act handed all gold held by the Federal Reserve to the Treasury, then let Roosevelt reprice gold from $20.67 to $35 per ounce by executive proclamation. That single move cut the dollar's gold content by 41%. Every dollar you held lost 41% of its backing overnight. 

Roosevelt needed to inflate debt away and fund New Deal spending without going to you directly. Devaluation is taxation without a vote. The purchasing power comes from somewhere, and it came from every American holding dollars or dollar-denominated savings.

The government had already made private gold ownership a crime under Executive Order 6102 in April 1933, forcing citizens to surrender gold at $20.67. Then, once the government held all the gold, Roosevelt repriced it upward by 69%. The profit, roughly $2.8 billion, went straight to the Exchange Stabilization Fund, a Treasury slush fund Congress never directly controlled.