https://www.howestreet.com/2024/10/gold-silver-oil-cycles-brics-inflation-eric-hadik-mark-leibovit-ross-clark-this-week-in-money/

Inflation is not caused by the actions of private citizens, but by the government: by an artificial expansion of the money supply required to support deficit spending. No private embezzlers or bank robbers in history have ever plundered people’s savings on a scale comparable to the plunder perpetrated by the fiscal policies of statist governments.

~ Ayn Rand

Nasdaq Reaches New Record Closing High But Dow Moves Lower

The major U.S. stock indexes all moved higher during trading on Monday but returned to the mixed performance seen to close out the previous week on Tuesday.

While the tech-heavy Nasdaq showed a notable advance to reach a new record closing high, the Dow closed lower for the sixth time in the past seven sessions.
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The Nasdaq climbed 145.56 points or 0.8 percent to 18,712.75, extending its winning streak to four days. The S&P 500 also rose 9.40 points or 0.2 percent to 5,832.92, but the Dow […]

https://www.howestreet.com/2024/10/gold-silver-oil-cycles-brics-inflation-eric-hadik-mark-leibovit-ross-clark-this-week-in-money/

Inflation is not caused by the actions of private citizens, but by the government: by an artificial expansion of the money supply required to support deficit spending. No private embezzlers or bank robbers in history have ever plundered people’s savings on a scale comparable to the plunder perpetrated by the fiscal policies of statist governments.

~ Ayn Rand

Russia is working on creating a settlement and payment infrastructure that would bypass the SWIFT payment system and abandon the U.S. dollar for good.

95% of trade between Russia and China already is conducted in rubles and yuan.

The new members of BRICS are expected to be Cuba, Bolivia, Thailand, Vietnam, Malaysia, Indonesia, Belarus, Turkey, Nigeria, Uganda, Kazakhstan, and Uzbekistan. The decision by Turkey to attend raised eyebrows after the NATO member formally requested to join BRICS in September.

In short, Putin and his growing list of allies are plotting to overthrow the U.S. dollar and establish a new “anti-dollar” to govern the world in its place.

This is a full-blown attack on America, as former President Donald Trump warned that when the dollar stops being the world’s reserve currency, it will be like “losing […]