North Korea to send troops to fight alongside Russia. Calculating Gold at $19,121 per Ounce for Global Currency Reset.
In the West we had not seen images of North Korea's Kim Jong Un Smile. Well, Now Kim Jong Un's Smile has the Pentagon Frowning and Mainstream Media is Quiet as a Mouse
A picture is worth a thousand words, then what are 10 pictures worth?
The defense pact signed between Russia and North Korea on June 19, 2024, includes a provision for mutual military assistance in the event of war.
Shortly after the pact was signed, North Korea announced plans to send a military engineering unit to support Russian forces in Ukraine's Donetsk region, with deployment expected within the next month. This development follows a recent meeting between Russian President Vladimir Putin and North Korean leader Kim Jong Un in Pyongyang, marking Putin's first visit to North Korea in nearly 25 years.
The military agreement stipulates that if either country is invaded, the other must provide immediate military and other support. North Korea has already been a significant supplier of military aid to Russia, including artillery ammunition, rockets, and allegedly ballistic missiles, since the leaders' meeting in Russia last September.
The Pentagon has expressed skepticism about the deployment of North Korean troops, suggesting they may become "cannon fodder" in the conflict. The U.S. is closely monitoring the deepening military ties between Russia and North Korea.
Some analysts believe that North Korea serves as a strategic bridge between Russia and China, facilitating indirect military equipment transfers from China to Russia without violating Western sanctions. North Korea's role in this partnership is seen as financially and militarily beneficial. The U.S. National Security Council has criticized the coalition formed by Russia, North Korea, Iran, and Syria, contrasting it with the broader international support for Ukraine and the principles of the UN Charter.
end of that section
Overview of the Failed Coup Attempt in Bolivia.
WAS CIA INVOLVED?
Key Players:
The primary figure in the failed coup attempt in Bolivia was a high-ranking military General Zuniga.
The general led the insurrection against President Luis Arce's government. Former President Evo Morales, a significant political figure in Bolivia, condemned the coup attempt and called for the defense of democracy.
The current President Luis Arce and his Vice President David Choquehuanca were also central figures, actively working to quell the coup and maintain democratic order.
How the Coup Attempt Unfolded
The coup attempt in Bolivia occurred over a brief but intense three-hour period on June 26, 2024. The sequence of events began with the deployment of armored vehicles and troops around key government buildings in La Paz, including the government palace. The military forces, led by the insurrectionist general, forcefully entered the government palace, creating a scene of high tension and potential violence.
President Arce quickly responded by calling on the public to mobilize in defense of democracy. His firm stance, along with the support of his cabinet and the swift actions of loyal military units, led to the rapid suppression of the coup attempt. The insurrectionist general was arrested, and the newly appointed military chief ordered all troops to return to their barracks, effectively ending the coup attempt.
Funding and Support for the Military Revolutionaries? We’re Looking into this!
Bolivia's Democratic Election Process
Bolivia's current President, Luis Arce, was democratically elected in October 2020. The election was a significant event following the political turmoil and allegations of election fraud that led to the resignation of former President Evo Morales in 2019.
Arce, a member of the Movement for Socialism (MAS) party, won the presidency with a significant majority, promising to restore stability and economic growth to the country. The election was overseen by international observers and was widely regarded as free and fair, reaffirming Bolivia's commitment to democratic processes.
List of South American Countries overthrown by CIA? (assisted by CIA?) since 1947
Costa Rica, 1948
Guatemala, 1954
El Salvador, 1979
Nicaragua, 1981
Panama, 1989
Paraguay, 1954
Brazil, 1964
Peru, 1968
Chile, 1973
Uruguay, 1973
Argentina, 1976
Venezuela, 2002
end of that section
Gold and Silver News
Gold Revalued conservatively at $19,121 per Ounce
Global Currency Reset
US has no choice.
The US Regime Won’t Allow BRICS to Roll All over ‘em. Will they?
“You can't have sound money without sound finances,” says Judy Shelton, monetary economist, author of “Money Meltdown,” and former economic advisor to Donald Trump.
Shelton explains the rationale behind a gold standard argument, detailing how issuing a gold-backed bond may be the pathway to it. “I don't know how people talk about free trade without addressing currency gyrations and how they impact trade,” she says.
Additionally, she warns that the fate of the U.S. may be similar to what happened to the Soviet Union with insurmountable debt. “Is the US still going to be here in 50 years? At the rate of the unsustainability in terms of the fiscal and monetary situation that you opened with, I don't see how.”
Scenarios to arrive at a Gold revaluation
In 2024, the U.S. Treasury is expected to put more than $10 trillion in Treasury bonds (T-bonds) on the market. This includes a record-high $8.9 trillion of government debt maturing over the next year, combined with a projected budget deficit of $1.4 trillion and the Federal Reserve's ongoing reduction of its balance sheet by $60 billion per month.
Additionally, the Treasury's quarterly refunding of longer-term Treasuries is set to rise to $102 billion, reflecting increased issuance of longer-dated securities due to the growing budget deficit and rising interest rates. Treasury bond auctions occur four times a year, in February, May, August, and November, with bonds sold in $100 increments and a maximum purchase limit of $10 million for non-competitive bids or 35% of the offering amount for competitive bids
The United States holds approximately 8,133.46 tons of gold in its reserves. To convert this amount into troy ounces, we use the conversion factor where 1 ton equals 32,150.7466 troy ounces.
If we were to divide $10 trillion by the number of troy ounces in the U.S. gold reserves, each troy ounce would represent approximately $38,241.27.
If there was some hybrid gold standard this calculation is plausible:
Sources
https://treasurydirect.gov/marketable-securities/understanding-pricing/
https://treasurydirect.gov/marketable-securities/treasury-bonds/
https://www.apolloacademy.com/10-trillion-in-us-treasuries-coming-to-the-market-in-2024/
https://www.bankrate.com/investing/how-often-do-treasury-bonds-pay-interest/
https://fortune.com/2023/07/31/how-big-federal-debt-deficit-treasury-bonds-auction-markets/
https://fiscaldata.treasury.gov/datasets/status-report-government-gold-reserve/
https://www.gold.org/goldhub/data/2024-central-bank-gold-reserves-survey
https://www.gold.org/goldhub/data/gold-reserves-by-country
https://www.investopedia.com/ask/answers/040715/what-countries-have-largest-gold-reserves.asp
https://www.elibrary.imf.org/view/journals/001/2023/014/article-A001-en.xml