Close

Site Information

Blog

CURRENCY RESET: BASEL III AND THE IMPLEMENTATION OF THE NSFR

Posted on

33 years ago, The Economist published an article announcing a new global currency for "around 2018".

On the cover of the magazine, the Phoenix, rising from the ashes of fiat currencies, features a 2018 gold coin.

How could anyone be sure enough to bring forward such a specific date 33 years in advance for an event of global significance? Isn't that amazing?

This event is currently underway. What will happen at the end of this month of June should indeed have happened in 2018. That is why.

1988 - 2008 - 2018: THE HISTORY OF THE BASEL III NSFR

The bankruptcy of the German Herstatt Bank in 1974, which brought to light serious dysfunctions in the banking system, could have led to systemic risks. To remedy this, the central banks of the G10 and then the G13, under the Basel Committee, have worked on new banking and financial rules to ensure the security of the system. After 14 years of work, the members of the G13 signed a series of protocols, which were called "Basel Accords". It was in 1988.

Only a few weeks later, an extremely knowledgeable person wrote this famous article: “Get ready for the world currency”. The body of the article talks about a perfectly stable currency, not allowing governments to use inflation to finance their budget deficits. Gold is the only currency offering this stability of purchasing power.

The gold withdrawn from the international monetary system in 1971 by President Nixon, for the benefit of a purely fiduciary dollar, is therefore the mythical phoenix which must rise from its ashes. That's what the magazine cover image proclaims.

But by what way?

Continue reading...

$2,700 gold price 'could be reached in 1 to 2 years' at the earliest - Chris Vermeulen

News Bites$2,700 gold price 'could be reached in 1 to 2 years' at the earliest - Chris VermeulenKitco NewsShare this article:Kitco News) - The last two gold bull cycles, culminating in peaks in 1980 and 2011, were both followed by a price correction and then a multi-year consolidating pattern.However, the highs of last year do [...]

Read More »


Silver: Last Chance To Load Up On the World's Most Undervalued Asset?

Join Mike Maloney and Jeff Clark as they discuss the latest news in silver, gold and Bitcoin. There are some amazing charts in the video that can be found here: https://twitter.com/mike_maloney/status/1396930181495918598?s=20

Read More »


Here’s Why $5,000 Gold Is In The Cards

What will send gold to 5000 per ounce?The latest In Gold We Trust report has just been published by Incrementum and is available to download at: https://ingoldwetrust.report/Ronni Stoeferle of Incrementum is this week’s guest on GoldCore TV with Dave Russell discussing what he see as the major drivers that will send gold 5000 an ounce [...]

Read More »


Sound Money Still Matters

Let the record reflect: sound money still matters. The tremendous fiscal, monetary, and social interventions throughout 2021, in addition to what appears to be the long-posited return of inflation, are fueling a resurgence of interest in gold and silver. Cryptocurrencies, farmland, and less conventional hedges have led the way, but a handful of developments suggest [...]

Read More »


BIS caves to Russia’s gold-buying pressure: Huge impact on gold and silver

Russia is joining China in building huge, undisclosed physical gold reserves…This week, Andrew Maguire reveals that Russia is joining China in building huge, undisclosed physical gold reserves:The precious metals expert explains the resulting pressure piled on the BIS and the significant threat posed to dollar hegemony.As Basel III draws ever closer, Andrew Maguire reveals the [...]

Read More »


Frydenberg is Australia’s Kamikaze MMT Pilot

Frydenberg is Australia’s Kamikaze MMT PilotBy all accounts, the May 2021 (or FY21-22) Federal Budget will go down as perhaps the most infamous federal budget in Australian history. The Federal Budget handed down by Australia’s Treasurer Josh Frydenberg on Tuesday, 11 May 2021 was radical and extreme in both its underlying, theoretical economic basis and its profligate spending.Frydenberg has set the Australian [...]

Read More »


Paradise Lost: A Problem That Can’t Be Fixed

A single political party gains control of a lockdown-battered country desperate for any and all forms of government spending. Direct payments, loan forgiveness, infrastructure, all of these and more are…by John Rubino of Dollar CollapseSo a single political party gains control of a lockdown-battered country desperate for any and all forms of government spending. Direct [...]

Read More »


Greyerz – Banks Face Shockwaves Of Losses As The World Teeters Near The Edge Of Collapse

Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals told King World News that banks face shockwaves of losses as the world teeters near the edge of collapse.April 5 (King World News) – Egon von Greyerz at Matterhorn Asset Management (based in Switzerland):Bill Hwang, the [...]

Read More »


Peter Schiff "People Don't Know What's Coming"

In this video, Peter Schiff explains the inflation tax, how it works, and why it's the worst way to pay for government.Peter Schiff is an economist known for his contrarian opinions. He's an outspoken libertarian largely recognized as one of the few people who predicted the economic crash of 2008 on mainstream media networks. Peter [...]

Read More »