Mark Your Calendars June 9th: The End of US Dollar as Global Reserve Currency

by Jon Forrest Little

On June 9th in the year of our lord 2024, the Agreement between United States and Saudi Arabia to sell Saudi Oil in USD exclusively ends.

Saudi’s Prince has already notified U.S. that this agreement will NOT be renewed and they will no longer accept USD.

Let’s Look around the Globe:

1. BRICS meeting to install the End around US Dollar. Gram of gold for barrel of oil.
2. Ukraine continues to siphon the tax payer wealth. Congress illegal insider trades are intensifying.
3. About $1.7 trillion, or nearly 30% of outstanding commercial real estate debt, is expected to mature from 2024 to 2026.
4. Most of this debt is going to need to reprice during this time at a time when office values have fallen about 34% from the 2021 peak.
5. Many commercial buildings are selling for 75% less than last purchase price (example a FedEx building in Ohio sold for $9 per SF)
6. Corporate layoffs are intensifying
7. Consumer goods under lock and key at Walmarts, Targets and throughout Mainstreet America.
8. The Covid war ravaged what was left of family owned businesses.
9. Joe Biden still pounds the table “that the economy has never been stronger”
10. India imports more Silver in Q1 2024 than all of 2023
11. Janet Yellen goes on a tour to sell US Treasuries and has the opposite effect.
12. China offloading US treasuries at most significant rate ever.
13. All in an environment where Central banks are accumulating record amounts of Gold
14. All in an environment where there are only 6.8 billion ounces of Gold above ground
15. Meanwhile No New Silver Discoveries and space use doubles every two years.
16. AI and Robotics and all that circuitry will devour what is left
17. BRICS ++ arbitrage draining Western Vaults
18. US and London lose control of Silver, Gold and Global Reserve Currency all in the same year
19. And Silver still about half of its All Time High
20. Indeed, there are decades when nothing happens and then hours when decades happen.

Gold revaluation:
Jim Rickards: $27,000 Gold
Luke Gromen: $20,000 Gold

• Our call yesterday based on the FV of Gold as solution to $35 Trillion dollar debt

• We are right in between Luke Gromen and Jim Rickards

• Gold revalued at $25,000 per ounce. Silver follows at $416 per ounce

Graddhy Commodity TA parabolic curve shows it too