Skip to content
Socio-Economics History Blog

Socio-Economics History Blog

  • About

Socio-Economics History Blog

Socio-Economics History Blog

Hugo Salinas Price: The Coming Revaluation of Gold – US$22,000 to $50,000/oz

January 27, 2016 by mosesman

International_paper_reserves_n_gold_reserves_in_central_banks

  • Gold is the perfect debt extinguisher. How do you resolve the trillions of dollars (quadrillions if you include financial derivatives) of debt? You simply revalue the price of gold manifold higher. The world is returning to the gold standard. Why do you think Russia and China are accumulating tens of thousands of tonnes of physical gold?
    –
  • Hugo Salinas Price: The Coming Revaluation of Gold – US$10,000 to $50,000/oz
    by Hugo Salinas Price, http://plata.com.mx/ 
    The current melt-down of the world’s debt bubble is likely to continue in the course of the next months. The secular trend to expansion of credit has morphed into contraction and liquidation. It is my opinion that the new trend is now established and no action by any of the Central Banks (CB) that issue reserve currencies will do anything at all to reverse that trend.
    –
    Sandeep Jaitly thinks that the desperate reserve-issuing CBs – the US Fed, the ECB, the Bank of England and the Japanese CB – may resort to programs of QEP, by which he means “Quantitative Easing for the People”. This quantitative easing will mean putting money into the hands of the populations by rebates on taxes, invented make-work schemes or any other excuse to furnish the people with the famous “helicopter money”, to get them to spend.
    –
    As the present crisis deepens and given our experience with the way our so-called “economists” think, we can reasonably expect such programs to be launched. Nevertheless, the present trend of world economic contraction will not be reversed by any ad hoc program. The world’s expectations – positive for growth since WW II – have turned negative. This is an event of such magnitude that no “QE” will have any effect upon the final outcome: debt collapse.
    –
    The growing fear in the world’s markets arises from the recognition on the part of indebted corporations and individuals that their debt burdens are increasing due to devaluations of their national currencies. International investors are attempting to reduce their exposure. “Hot money”, invested in countries which offered higher interest rates, now wants to go home. In recent years of bonanza, foreigners borrowed some $11 trillion dollars, in various Reserve Currencies, to invest in their own countries. Of this total, it is calculated that about $7 trillion of those dollars are denominated in dollars. The debtors are now attempting to pay-off their dollar loans, and this has the effect of lowering the value of their own currencies with respect to the US Dollar, thus aggravating the situation. There is a loss of confidence in national currencies, producing Capital flight to the rising Dollar, because the countries that issue those currencies are no longer able to maintain export surpluses against the reserve-issuing countries, and are thus unable to increase reserves and are actually losing these reserves. The export-surpluses are disappearing in the “rest of the world” because the reserve-currency countries, plus China, are in an economic slump (essentially attributable to excessive debt) and are reducing their consumption of imports, thus reducing the exports of the export-surplus countries.
    –
    The loss of Reserves on the part of the countries which depend on export-surpluses for economic health makes the accumulated debt burden in the world increasingly unsustainable; investors around the world are worried that some of their assets (which are actually debt instruments, that is to say various sorts of promises to pay) may turn out to be duds, and they are trying to find ways to protect themselves – and Devil take the hindmost!
    –
    Whatever expedients are implemented, the final outcome of the unprecedented economic contraction in the world will have to be the revaluation of gold reserves, as desperate governments of the world resort to gold to preserve indispensable international trade. The revaluation of gold reserves held by Central Banks will be the only alternative for countries seeking to retain a minimum of international trade to supply their economies, whether they are based on agriculture, on manufacturing or on mining.
    –
    The amount of gold held by any particular country will not be the important factor in maintaining operating economies, because even a small amount of gold will be sufficient for that purpose; the reason being, that gold coming into newly rediscovered importance, no country will be able to maintain either trade surpluses or trade deficits. The first case would imply that other countries are sending their precious gold to the surplus export countries, but the scarcity of gold and its vital importance will not permit other countries to lose their gold to the (would-be) surplus-producing countries. In the second case, the trade-deficit countries would immediately correct their activity by devaluing their currencies ipso facto, rather than continue to lose their precious gold to cover their trade-deficits: devaluation would put an immediate stop to the excess of imports over exports. Governments resorting to credit-creation to fund their deficits would find themselves limited to balanced budgets; otherwise, their budget deficits funded by credit-creation would spill over into excessive imports and the consequent necessity for immediate devaluation of their currency.
    –
    read more.
Remember the Golden Rule: He who has the gold makes the rules! Got physical gold yet?
Remember the Golden Rule: He who has the gold makes the rules! Got physical gold yet?

end

Post navigation

Previous Post:

“Zombie Ships” – Why Global Shipping Is Even Worse Than The Baltic Dry Suggests

Next Post:

The Beast ‘666’ System Arises: The Largest Bank In Norway Calls For The Elimination Of Cash

Pages

  • About

Recent Posts

  • The Entire Financial System Is CRACKING! AT LEAST ONE MAJOR BANK IS GOING DOWN… Mannarino
  • West on Brink of Nuclear War With Russia as NATO Warmongers Poke the Bear – Few Are Paying Attention | Steve Quayle & Doug Hagmann
  • EMERGENCY ALERT!! Unusual Doomsday Plane Activity!! Russia to Hold Civil Defense Exercise on 3 Oct!!
  • ⚡Nationwide Nuclear Exercise in Russia Oct 3rd, Govt Shutdown USA Oct 1st, Emergency Broadcast Oct 4th
  • Celeste Solum on Synthetic Biology, 5G Activation And Scary New HUMAN HYBRIDIZATION Technologies
  • World Economic Forum’s Great Reset Agenda Accelerates as Globalists PANIC Over Trump Re-Election
  • Uncensored: Dr. Jason Dean – Plan for AI to OWN HUMANS & Coming Global Cyber Shutdown
  • Veteran and Athlete’s Life Destroyed by Vax-Induced Guillain–Barre Syndrome and Paralysis!
  • mRNA Detected in Breast Milk After COVID-19 Vaccination Can Be Passed on to Infants: New Study
  • CDC Refuses to Release Updated Information on Post-COVID Vaccination Heart Inflammation
  • “A CIA Front Organization”: Revisiting EcoHealth COVID-19 Claims After Fauci ‘Influence’ Campaign Bombshell
  • Target Is Closing Down Stores Right Now As America’s Largest Chains Prepare For Trouble This Fall
  • Analyst Who Predicted 2008 Crash: “All Hell Is Going To Break Loose”
  • “Excessive Debt Inevitably Leads To Gigantic Financial Crisis” | John Rubino
  • Trudeau Urged to ‘Resign’ After House Speaker ‘Took the Fall’ Over Nazi Scandal
  • Article 5 Scenario in NATO After the Moscow Shootings: Colossal Mobilization of the Polish Air Force – Hundreds of Fighters Land on the Streets!
  • Is World War III About to Start? Part II: Are the Military-Industrial Complex and Deep State Driving Us to War?
  • ‘NATO, U.S., UK…’: Russia Blasts West For ‘Assisting’ Ukraine In Attack On Black Sea Fleet HQ
  • ‘Silent Coup’—How Corporations Rule the World w/Matt Kennard | The Chris Hedges Report
  • Dollar Index Could Be Pointing to Major Banking Crisis.

Archives

  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011

Categories

  • Disaster
  • Economics
  • Endtimes
  • Geo-Politics
  • History
  • Medicine & Health
  • Satire
  • Science & Technology
  • Social Trends
  • Uncategorized

Meta

  • Log in
  • Entries RSS
  • Comments RSS
  • WordPress.org
January 2016
M T W T F S S
« Dec   Feb »
 123
45678910
11121314151617
18192021222324
25262728293031
© 2023 Socio-Economics History Blog | WordPress Theme by Superbthemes