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Showing posts with the label BRICS

The Many Consequences Of US Sanctions On Russia

     Either the United States intended to cause all of the ripple effects of sanctioning Russia, or these were unintended consequences. When Russia invaded the Ukraine 2 years ago and the US seized their assets including their gold that we were holding, the rest of the countries on the planet that had gold reserves with us took notice and started requesting their gold back from the United States. What if the US got mad at them? In Africa former French colonies also started requesting their gold back from France, who holds 50% of their gold while they use 2 different kinds of French African francs. Then in India there is a city called Surat, also known as Diamond City because they import and cut up to 90% of the world's diamonds. The US sanctions on Russia means that they can't import, cut or sell Russian diamonds. Before the sanctions were imposed, it is claimed that 20% of all diamonds coming into Surat were from Russia, but around 9 months ago 50% of all Diamond cutters...

The US 2 Billion Ounce Junk Silver Reserve

     During World War II the US created billions of extra silver coins, from 1941/1942 - 1945 the US produced 1.5 billion mercury dimes out of a total production run of 2.67 billion over 32 years. Between 1942 and 1945 the US also produced 600 million Washington quarters and 300 million Walking Liberty halves (out of a total production of 485 million Walking Liberties over 32 years). That is exactly 150 million face value 90% silver dimes, 150 million face value 90% silver quarters, and 150 million face value 90% silver half dollars produced in only 4 years. In addition, the US produced 870 million 35% silver nickels during the war that had 1.75 grams of silver in each nickel, making them exchangeable with 90% silver dimes at a rate of 9 nickels for every 7 dimes because 90% silver Barber, Mercury, and Roosevelt dimes produced between 1892 and 1964 weigh 2.5 grams and have 2.25 grams of silver in each coin.      In total the US sequestered over 35...