London Paul: Part 2 – Gold & Silver Protects Against All Possible Outcomes
In this two-part presentation, Tom welcomes back Paul from The Sirius Report to finish a discussion on the rapidly evolving multipolar world.
Paul discusses what a BRICS Currency system will look like and why it’s likely to be backed by commodities and likely gold. The ideas behind BRICS are continuing to evolve as more nations join across the world. Soon we could have upwards of thirty countries involved, and they will have to figure out how to weight the system. This is a reality and no longer some sort of fictional idea. It’s now maturing into a proper system with good organization. They are also being cautious and considering the risks of moving too fast.
The West is going to have to radically re-assess every part of the economy, governance and adapt to a much better system. The U.S. believes it can bring it’s industrial base back, but they can’t afford the salaries. Then they will be unable to compete and can only serve the market internally. They will need commodities from the rest of the world.
The U.S. is dependent on the rest of the world for energy, and diesel in particular. There are many concerns about the sustainability of shale gas.
Paper markets for metals are massively manipulated. Markets are driven by algos and high-frequency trading. Markets today often react completely opposite to news.
There is a fundamental different mindset between western and eastern metals markets. You hold gold because it’s a bet against everything. Your other choice is to wait for the collapse, but then you won’t be able to get it.
The East continues to drain the West of metals, but eventually supply will no longer be available. That will mark the end of the paper markets and the beginning of true price discovery.
Time Stamp References:
0:00 – Introduction
0:46 – BRICS+ Currency System
18:58 – The Naked Emperor
26:50 – West Needs Cooperation
32:35 – Silver is Interesting
38:15 – Equally Great Nations?
41:16 – Metals & Manipulations
44:45 – Metals as Insurance
50:55 – True Price Discovery
1:01:40 – Distortions & Bubbles
1:11:30 – Credit Bubbles & Gold
1:14:13 – Wrap Up
Talking Point From Part Two
- How a BRICS+ Currency System is likely to evolve.
- Why the West needs cooperation among nations.
- Metals manipulation and the importance of having physical metals.
- The distortions in Western markets and system credit market problems.
The Sirius Report is an independent website providing analysis and an alternative perspective on current affairs and global events that, we believe, are shaping a new political, economic and social paradigm. We are fully self-funded and are not backed by any third-party corporation, organization, or individual.
The site is run by ‘London Paul’ and his partner Lisa, who is the site administrator. ‘London Paul’ is a pseudonym that was first coined by long-time friend and fellow commentator Jim Willie. For privacy reasons, Paul prefers not to be known by his real name. He also feels that the primary focus should be on his work rather than on his identity.
Paul has a long track record of accurate predictions and analyses on geopolitical and economic affairs. Originally, a physicist, he was awarded a Ph.D. in biomolecular physics, after which he spent some time working in academia. He then went on to work in the financial services sector and worked in some major banks until the financial crisis of 2008, when he left the banking sector to work in the precious metals sector. In addition to his vast understanding of economics and precious metals (a friend of his once jokingly said that ‘Paul is the only person I know who really understands derivatives’), he has also always had a keen interest in geopolitics. Through years of diligent research and conversations with certain key insiders, he has been able to gain a unique understanding of a geopolitical shift towards a multipolar paradigm that is now shaping the world in the 21st century.
Paul is not motivated by party politics and does not adhere to any particular political, religious or other movement. He likes a common-sense approach to everything and sees it as his responsibility to deliver completely objective, unbiased, and no-nonsense analysis, even if that means going against popular opinion.