Bringing back the gold standard would be very hard to do, but boy would it be wonderful. We'd have a standard on which to base our money. This is what Donald Trump is pushing for. He's pushing I think we're going to have that Marilago accord where they settle all of these tariffs that Trump is imposing. We're going to negotiate with all of the countries, but at the same time, we're going to have a new world monetary system and probably $10,000 gold. It's going to be a lot of pain for a short period of time, but then things are going to work out just peachy. We've got the gold. Uh we can cause the entire world to go back on a gold standard and it will benefit us. In my last video, I presented a body of evidence that suggested that we are going to have a new world monetary system very shortly, and it's probably going to be based on gold. In this video, I'm going to add to that body of evidence. There's a lot here to take in, so hang on. So, with the last video, uh, I've had this clip in it of Scott Bent, the Treasury, Secretary of the Treasury of the United States, uh, saying that, uh, the world has to have a new economic reordering within the next four years and that he wants to be a part of it. Something like a Breton Woods agreement. Now, uh, that economic reordering means a new global monetary system. That's what he's talking about. And then I pasted it to this clip where uh in a Tucker Carlson interview he says that gold can't have a fiscal problem. Gold can't have a budget deficit. Uh gold can't have a war. And then he goes on to say what a gold bug he is. Well, now I'm going to add to all of this evidence. So let's take a look at this. Gold is a um not a fiat currency. There's a limited amount. It is recognized as a store of value and you know you are seeing that you can keep gold in your vault. So gold is not a fiat currency. It's a store of val value. You can keep it in your vault. At least he understands the difference between money and currency. Now, uh he all goes on later in this video to suggest that other countries uh might uh have their currencies convertible to gold as well. Who knows whether China's moving on to war footing visav Taiwan, but Chinese PBOC is the largest buyer of gold now. So, you know, c could we imagine, you know, again, back to imagination, could we imagine some kind of a R&B that is exchangeable into gold maybe at a premium? So, I don't disagree with uh, you know, any of that, which is probably why I find myself constantly sort of, you know, rolling my eyes when people mention Bitcoin. Gold can be a risk off and a risk on asset. Bitcoin is a risk asset. Okay. So the secretary of the treasury of the United States of of America is pretty much confirming here that uh the world is not going to go on to a bitcoinbased monetary system. Uh it really does look he's talking about the Chinese R&B the the renimi the uh yuan being convertible into gold. And so that would mean a global gold standard. Now, you need to listen to some of what Donald Trump said in his last term. Uh, this clip is uh more than nine years old, but it's his opinion on gold and the gold standard. Bringing back the gold standard would be very hard to do, but boy would it be wonderful. We'd have a standard on which to base our money. So, the president actually doesn't understand the difference between money and currency. uh but he thinks the gold standard is a very good idea and it gives us something uh to base our currency on. So the US dollar I wish they would just drop the dollar completely. All countries should just be dealing in things should be priced in gold grams, gold nanograms uh and and you know by metallic you could do silver uh ounces and and not I wouldn't do ounces should be grams of silver uh and kilograms and so on. And here's yet another video where he gives his position on the gold standard whether he likes it or not. Can you can you envision a scenario that this country ever goes back to the gold standard? Well, in some ways I like the gold standard. I there's something very nice about the gold standard and you have to go back at the right time like when gold does the old crash show. But uh there's, you know, there's something very nice about having something solid. You know, we used to have a very very solid country because it was based on a gold standard. We don't have that anymore. There is something very nice about the concept of that. It would be very very hard to do at this point. And one of the problems is we don't have the gold. Other places have the gold. So, uh, this is where he got the audit Fort Knox, uh, thing from. Let's go to Fort Knox and see if the gold is really there. Now, you know, that rhetoric started in in, uh, midFebruary and then it's gone silent for two months. And during the these months, what's happening with these gold inflows is they're both refilling Fort Knox and the commodities exchange is getting ready for something. And I will show you that evidence in a few moments. Bridgewater Capital, Bridgewater, the largest hedge fund in the world in their extremely influential newsletter, and they say, "We have been through many big economic shifts over Bridgewwater's 50-year history. So, we don't speak lightly when we say that this looks like a once- in a generation one. It's a once- in a generation economic shift." And then they go on to say that we see exceptional risk to US assets. Why do they say that? Well, let's hear from Bridgewwater's founder, Ray Dalio. We have something that's much more profound. We have a breaking down of the monetary order. We are going to change the monetary order because we cannot spend the amounts of money. So, we have that problem. So Ray Dalio, the founder of the world's largest hedge fund, is now saying what I've been saying since 2009 that we are, you know, I've been predicting this uh and I I wrote about it extensively and uh we are headed toward a new monetary system. Breaking news, US bond giant PIMCO, so this is a uh fund that sells bonds, right? they invest in bonds warns that the US dollar's reserve currency status is not guaranteed. The world is starting to become awake. Uh the another article that Bent calls for reforms among Breton Woods institutions to rein in global trade imbalances. Uh this was in my last video. I had actually cut off the bottom here. Uh on the financial side, the reserve function of the dollar has caused persistent currency distortions and contributed along with other countries unfair barriers to trade to unsustainable trade deficits. These trade deficits have decimated our manufacturing sector and many workingclass families and their communities to facilitate non-Americans trading with each other. Now to un I I clipped that off of the last video because I actually uh didn't want to have to go into explaining this the Triffin dilemma. So I would I would suggest going to Investipedia and reading about the Triffin dilemma. It's also called the Triffin paradox. But basically the rest of the world in order for it to function if there's if it's if there's a reserve currency system the reserve currency country has to export their currency and they do that by buying more goods than they sell. But that collapses our manufacturing sector and causes inflation in our country. So, we're caught between this rock and a hard place where we're trying to do both things at once and there it's not possible to do both things at once. So, I would definitely recommend uh reading this. Now, I showed this graph uh that has, you know, uh this is the amount of ounces that the United States owns versus all of the other countries. And you can see that yes, we've got the most. But what I didn't point out in my last video, notice here that China is number seven, but when you adjust this as ounces per person, actually we drop to the we'll be the 12th richest country. China is not even in the top 20. Uh so that was uh a big mistake that I made where I I uh didn't mention that. I showed a bunch of these uh graphs on gold flows around the uh world that Nick Leair of Gold Charts are us uh put together. And this is March of 24. And this is what most of them look like. a huge bar for China. And something between uh half a ton up to about uh almost nine tons or about nine tons is what the United States uh experiences month after month after month after month for years on end. And then uh you take a look that's March of 24. Here's March of 25. China uh India sometimes India will have a big bar. Uh, China always has a big bar. Uh, and but the US is always like way down here. So, March, uh, the these numbers were not in when I made my last video. They're in now. Another 104 tons, which is huge. So, reviewing this, uh, 64.5 tons in December, uh, January, uh, almost 200 tons, 193.4, February, and look at this. China zero. February 146.8 tons. How do they manage this where they get the Swiss refineries to not sell anything to anybody else in the world and give it all to the United States? Here, China got 10 tons, but we got 104. Now, u another thing that is happening. Hi, I just wanted to take a moment and thank you for subscribing and mention that if you'd like to help our channel. Please consider my company goldsilver.com the next time you buy precious metals. We're one of the most trusted names in the industry. Our prices are sharp, delivery is fast, and we have an insiders program where you find out exactly what I'm doing with my own investments. Thanks for making golds.com your dealer. And now back to the video. Other thing that is happening besides uh stopping the rhetoric on auditing Fort Knox and giving them time to end all of the gold leases and get the gold back and restock America's gold. At the same time, the commodities exchange is getting ready for something really big. I don't know what has scared them, but something really has scared them. And if you take a look at this, this is the uh eligible ounces. This is registered ounces. Eligible are any bars in these vaults, the Comx vaults uh that can be used uh for delivery into a contract. But eligible bars are not for sale, at least at these prices. Some of them will become for sale. The yellow area registered ounces. These are reg registered and available for delivery. These are just being stored. And so the analysis here is uh how much of these paper contracts exist compared to how much gold is in the vault. But remember uh here Nick Larid is uh showing us the total gold in the vault including the um the eligible. Now probably only half of that eligible will ever be sold. So there is still a discrepancy here but the percent coverage now is up at 94%. You can see what happened during co uh there was a big rush on gold they and uh they basically kept from going into a default a force majour by getting gold inflows from London and from everywhere uh into the United States. So the entire world's gold flows just like suddenly went from uh you know uh uh eighth gear or something uh fifth gear uh into reverse and everything reversed and the US got all the gold to keep from the commodities exchange from having a force majour which would have caused a huge uh price separation from the paper contracts and the physical the physical gold and physical would have gone to the moon while paper contracts would have like gone to zero. And so you can see this differential here uh and the coverage ratio they're almost at uh full coverage. We're currently at 94%. So that means that they would not have a force majour. However, you've got to remember that only about half of the eligible ounces. So what you need to do is take half of this and then all of that and divide it into this and you'll find out what the coverage ratio really is. But they are getting this is obvious that they are preparing for some sort of emergency. So uh why are we doing this? Well, Donald Trump wants to win at at any cost. We've seen this. It's just part of his personality. He wants to win at any cost. And we've got these u uh these trade deficits and the current account deficits. And so uh this tweet that he put out that was the big breadcrumb that I put at the beginning of my uh last video. The golden rule of negotiating and success. He who has the gold makes the rules. We've got the gold. uh we can cause the entire world to go back on a gold standard and it will benefit us. But in that uh old video where he said we needed to wait until gold the gold price crashes uh he's absolutely wrong there. You need a high gold price um to cover all in my last video I showed it took uh $9,044 gold to cover all of the Federal Reserve notes 100%. uh the currency in circulation and um and they're going to need some runway for deficit spending. A nice round number is $10,000 an ounce. However, uh if we're at $3,300 an ounce and they jump to $10,000 an ounce, that is a 66% devaluation of the US dollar, which will cause all of the trade deficits to stop and the world will go back into balance. Gold balances all economies and so uh China will not be able to um to no country will be able to cheat the system. Uh and uh if we get rid of all the trade barriers this is what Donald Trump is pushing for. He's pushing I think we're going to have that Marila Lago accord or the uh Marilaago uh summit or something like that where they settle all of these uh trade barriers, all of the uh the tariffs that Trump is imposing. That's they're we're going to negotiate with all of the countries, but at the same time, we're going to have a new world monetary system and probably $10,000 gold. and uh you know it's going to be a lot of pain for a short period of time but then things are going to work out just peachy. Now in my last video I promised that I would come back and finish that section of the book where I talk about the song remains the same because it's important. So the song remains the same. I showed that the world has had four different monetary systems over the past 150 years and every one of them builds up pressures, disequilibria, malinvestment, uh misallocations of capital and it all ends in an emergency economic conference to create a new world monetary system. every time except 1971 today this the poorest designed of all of these systems has we have not yet had that and I said that it is coming and so from the deficit spending and inflation during the song dynasty in 100 AD to today the lyrics change a little here and there and a few of the instruments are different but the song remains the same the next monetary transition will be huge and everyone on the planet will be affected. It's not possible to stand on the sidelines and watch. Wealth will either be transferred from you or toward you. The choice is yours. What song will you sing? I want to thank you for watching. We'll see you next time.