The End Of Globalization And The End Of Neoliberalism

BATTLE FOR WORLD / RT | August 9, 2019: The video highlights Max and Stacy discussing the reasons behind gold’s breakout, and it has a lot to do with the central bank induced chaos:

Max: …The end of neoliberalism, if you think about it. The reason why gold again went sideways is because of the triumph of Thatcherism and Reaganism. And they got people to believe to dump gold and buy financial assets and lever those financial assets up in this nirvana of perpetual returns with no risk. And now that has come to a close.

The era of neoliberalism, that Thatcher and Reagan era is finished. We are going back to mercantilism. We are going back to different countries around the world all competing aggressively. China and the US now competing very aggressively and that mean gold is in play as a world reserve currency and the [US] dollar is on the down slope.

Stacy: …We have had credit. Essentially fiat for thousands of years and debt, and we have gold. What happens why we return to gold, is when there’s no trust in the [financial] system. And so there’s an absence of trust. You see it in these burgeoning trade wars. You see it in the game theory – …nations calling other nations bluff. That happened in the late 1960s up until we went off the gold standard in 1971 when Charles de Gaulle government kept calling the United States bluff on whether or not they can pay back all their trade deficit and the gold they said they had. The same is happening now between China and the US. …And China is accumulating massive amounts of gold for this reason.

Max: …The end of neoliberalism. But it is also the end of globalization. We are entering a period of de-globalization and de-dollarization. The globalization requires trust – all the G7 and the G20 nations trusted each other and all the central banks working in harmony to create low rates to help the shysters and the banksters, at the expense of the workers. Now that’s reversing.

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