Head of #DistrictAssembly; Join now! Profile picture
Jun 17 7 tweets 2 min read Read on X
It would be an easily discernible ruse, if the US were "to audit" Fort Knox on the eve of a new "golden" treasury. There is no gold. Alisdair Macleod demonstrated that the US sold its gold to China. America is a sell-out nation. Image
Macleod's article, "China's Gold Strategy," will be counted among the 21st century's most important contributions to the study of the precious metal in the history of mankind.
He demonstrated that during the third period of its decline America (1991-2001/2008) sold its gold to China. Alongside rampant financialization following de-industrialization, America sold its gold while its productivity dropped immensely across the board.
It caused the American DIB, which is larger than the next preceding 20 countries combined, to enter into a period of increasingly widening corruption to such a point that not only did the Pentagon failed audits year over year but a $15.42 part is billed at a 177,000% premium.
Americans are simply unaware of the crisis that awaits the country. These statistics are merely a glimpse. A situation where a $15.42 part is billed at a 177,000% cannot be an isolated issue but a reflection of an incorrigible crisis.
In the face of an incorrigible crisis, Americans must dry a line in the sand. Either Americans will join the reaction to further the speculative mania responsible for the crisis or else stake a claim for change, unifying with the working class. There is no other way out.
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More from @eric_giannini

Jun 10
Although sparse on actual details, this is not a tree/forest problem but really a misunderstanding about the actual crisis the US dollar faces, as it is not only the dominant global fiat currency but the last and final fiat currency in that monetary era for Western capitalism.
If you listen to a few of the gold salesmen, their point is that the precious metals are flowing from West to East, as Eurasia strengthens its overland trade routes over the maritime routes Eurasia never dominated.
The establishment of the mBridge system, regardless of how useless stablecoins are (why push a figure through the blockchain, it's just a figure), with a gold standard at five major vaults is literally the beginning of the end of Western capitalist dominance.
Read 7 tweets
Jun 9
Citi Bank desperately wants to hold onto its treasury holdings, as a rise in the price of gold threatens to undermine the entire system of dollar dominance. History undermined Citi's predictions for 20% for 2025. May history rhyme in 2026!
1) The fall in the price of gold from the closure of the Strait of Hormuz arose from a liquidity crisis 1a) that shifted in March from nations selling gold to 1b) treasuries that has exacerbated demand for gold. Image
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2) After 1b) Continued closure has not caused gold buying to contract. 2a) On the contrary, gold buying has rebounded. 2b) The lower the price, the more Central Banks demand. Proof is a Kobeissi Letter from June 6th. Image
Read 13 tweets
Jun 8
It is anachronistic. China's productivity, especially in shipbuilding, cannot be explained by reference to this historical analogy, since the trade deficit is a function of America's inability to produce.
@LukeGromen Productivity is the time per unit of value from input to output. Under that formula, a revalued gold cannot explain why the US has a trade deficit with China. The time per unit of value from input to output is unproductive in the US.
China has been investing so much in shipbuilding over the past 18 years that it can now build more ships in a month than the United States can in a year. Measured by time rather than gold or dollars, the situation draws into stark relief America's lack of productivity. Image
Read 7 tweets
Jun 5
"Dollar-denominated assets still representing the largest share of global reserves at 42%" from June 5th, 2026 is a major drop from the 56% of global reserves the US dollar represented on March 9th, 2026 when I first reported on gold.
With yields on US treasuries rising, such as the 10Y Treasury at +4.536 with a rise at +0.059, against the backdrop of rising inflation, rising interest rates in a market where Silicon Valley Bank experienced a run after rising interest rates sunk its treasuries, gold shines.
With yields on US treasuries rising, such as the 10Y Treasury at +4.536 with a rise at +0.059, against the backdrop of rising inflation, rising interest rates in a market where Silicon Valley Bank experienced a run after rising interest rates sunk its treasuries, gold shines.
Read 8 tweets
May 28
The world is dumping US Treasuries at a record pace. Foreign US Treasuries held in Fed custody are down to $2.68 trillion, the lowest since 2012. The US Treasury Total Return Index has now been in a drawdown for 69 consecutive months, the longest streak in over 100 years of data. Image
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Here is more news that the world is dumping USTs at a record pace. Chinese and Japanese holdings of USTs are plummeting, foreign holdings of USTs fell $139 billion in March, the month the US launched the Iranian war. Image
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Further evidence that the world is dumping US Treasuries at a record rate is an article the Financial Times published two days ago under the title, "Gold replaces US Treasuries as world's top reserve asset, ECB says."

Read 9 tweets
Apr 26
1-4 : 𝐸𝑛𝑑 𝑜𝑓 𝑡ℎ𝑒 𝑅𝑒𝑝𝑢𝑏𝑙𝑖𝑐 : New York Image
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5 - 8 Image
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Read 4 tweets

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