Zoltan Pozsar: “A bond revolt is coming…”
BRICS Beginning to Seize Global Reserve Currency status this year. Gold topples US Dollar.
Credit Suisse Analyst Zoltan Pozsar (who was first to break down Sergey Glazyev’s gram of gold for barrel(s) of oil strategy) to the Western World strikes again.
Context
Sergey Glazyev, a Russian economist, proposed pegging the price of one gram of gold to one barrel of oil as a way to undermine the dominance of the US dollar in global trade. Credit Suisse analyst Zoltan Pozsar analyzed the potential implications of this proposal:
Pozsar explained that if Russia offered two barrels of oil for one gram of gold (instead of one barrel per gram), it would effectively double the price of gold from around $1,800 to $3,600 per ounce.[1][4] This is because the G7's $60 per barrel price cap on Russian oil would equate to one gram of gold at current market prices.[1]
By accepting payment in gold instead of dollars for its oil exports, Russia could increase the value of its gold reserves and production.[4] This move would also ensure continued demand for Russian oil and redirect more of it to Europe via India, rather than to the US.[4]
Pozsar views this potential "gold-for-oil" move by Russia as a way to counter the G7's financial sanctions and oil price cap, while bolstering the role of gold as an alternative to the US dollar in international trade.[1][4] He argues that nations like China, India, and the Arab world may follow suit, further eroding the petrodollar system.[3]
However, Glazyev acknowledges that achieving financial multipolarity and de-dollarization will be a long and rocky process, requiring domestic monetization and modernization of credit policies in Russia and coordination among BRICS nations and others.[2]
Citations:
[1] https://thedeepdive.ca/zoltan-pozsar-gold-at-3600-is-not-improbable-if-us-refill-reserves-with-russian-oil/
[2] https://mronline.org/2023/03/15/sergey-glazyev-the-road-to-financial-multipolarity-will-be-long-and-rocky/
[3] https://goldseek.com/article/russia-china-india-arab-world-most-africa-and-latin-america-outfoxed-federal-reserve
[4] https://nai500.com/blog/coverage/credit-suisse-analyst-sees-3600-gold-on-potential-russia-oil-for-gold-move/
[5] https://thedeepdive.ca/zoltan-pozsar-put-20-of-portfolio-in-commodities-qe-expected-by-end-of-2023/
BRICS is building their own central bank
The architect is Russian Economist Sergey Glazyev.
FACT - RE Mr. Glazyev. The very first person Russia Sanctioned back in 2014 during US last round of meddling in Ukraine (and stealing their gold) was Sergey Glazyev.
(Mr. Glazyev is an academic, not even a scientist, but a social scientist or an economist)
Moreover, he's not an oligarch, nor KGB, nor a military leader. US knew Glazyev had the recipe for US instability. US tried to smack it down with sanctions which backfired and they telegraphed their weakness by sanctioning right this architect of (gold for oil) and unfortunately for Uncle Sam this is now the undoing of the US Dollar. (and most of the World is celebrating and singing “Ding Dong the Witch is Dead.” )
I created this graphic for people to see how LBMA, London, New York, CME aka Comex has lost its grip on precious metals pricing, BRICS are now in Control
by Jon Little
end of that section
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