02/01/25

Permalink The global financial system is on the verge of collapse

The global financial system is on the verge of collapse | The Financial Times reports that Washington is withdrawing its gold assets from London. In addition, the US Treasury is withdrawing from the network of central banks and supervisory authorities for the greening of the financial system.  Against this background, gold has already crossed a new price high of $2,800 per ounce. And the Bank of England has problems with issuing physical gold.  Thus, the United States is actually canceling the Basel 3 rules (a set of international standards aimed at strengthening the banking system) and revising its economic strategy.  Experts believe that the American president is preparing for the upcoming financial crisis, in which assets backed by physical gold will survive.

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