Our Gold Guy by Our Gold Guy
Could a monetary reset be on the horizon amid the backdrop of Russia’s invasion of the Ukraine? Recent comments made by Federal Reserve Chairman Jerome Powell, combined with Western threats against Russia’s gold reserves, are bringing this possibility into the spotlight.
When Powell stated that “It’s possible to have more than one reserve currency,” it raised more than a few eyebrows. As the individual with the greatest level of control over the current world reserve currency, the U.S. dollar, his comments cast doubts on the American currency’s supremacy.
It comes as the U.S. wages an economic war against Russia in the wake of Vladimir Putin’s invasion of Ukraine. An aggressive campaign of sanctions has put Russia in the position of being the most sanctioned country in the world…
