To listen to the mainstream media these days, you’d think everything was great with the economy and that what we’re experiencing now is just a hiccup.
Never mind the fact that there was a recent debt ceiling increase, inflated job numbers, and the fact that the FED just can’t seem to stop printing money.
However, it seems that the Chinese Communist Party, central banks, and an increasing number of Americans aren’t buying the idea that the White House and their media stooges keep promoting… that what we’re currently witnessing is simply a temporary economic downturn.
The evidence is in the fact that they’re buying up gold at an alarming rate:
China added to its gold reserves for a sixth straight month, extending a flurry of purchases as central banks around the world expand their holdings of bullion amid escalating geopolitical and economic risks.
China raised its gold holdings by about 8.09 tons in April, according to data from the State Administration of Foreign Exchange on Sunday. Total stockpiles now sit at about 2,076 tons, after the nation increased reserves by about 120 tons in the five months through March.
Central banks have purchased large amounts of gold in the past year to diversify assets, as well as to protect reserves from the impact of a weakening dollar and rampant inflation.
All of this has sent the price of gold soaring in recent months. And it doesn’t look like the prices will be dropping any time soon, especially with rampant inflation (regardless of what the Biden Administration tells us) and the continued weakening of the dollar.
In other words, it’s a perfect storm for gold.
And this will likely continue as the US dollar keeps devaluing, which is almost certain given the Fed’s current monetary policy.
And regardless of the fact that the Fed has acted irresponsibly for decades, it does seem as if all of this is being sped up.
By now, one has to wonder if this isn’t all part of a larger plan… to weaken the US dollar as the reserve currency as well as to push a type of corporate social credit score in the US and the West in general.
If all of this sounds like the stuff of tin foil hat conspiracy theories, keep in mind that there is already a social credit score in China and that the World Economic, and other organizations, have been pushing ESG for a while.
ESG is one of the reasons that both the CCP and central banks are rapidly buying up all the gold they can get their hands on.
But ironically, something you’ll never hear from the Chinese Communist Party or the central banks who are stashing their money in gold is that they’re doing it to avoid the very thing they’re promoting, ESG (Economic, Social Governance), which is similar to a Chinese social credit score that assesses a business’s or organization’s “social responsibility.”
Large financial institutions and international organizations have devised this scoring system for corporations in order to shape their behavior and radically transform society, as Justin Haskins of the Heartland Society tells us, “The point of it is to transform all of society, not just to transform what happens inside the walls of some big corporation.”
Haskin goes on to say, “I don’t believe that ESG scores are really being used for the reason that they say they are,” Haskins told Fox News. “I think it’s mostly about controlling society … and about pushing a left-wing agenda.”
It’s no secret to anyone paying attention that these policies are eroding the economy and destroying businesses, little by little.
As if all of this weren’t bad enough, the Biden administration is busy pressuring financial advisors and retirement account managers to increase investments in ESG funds, like Vanguard and iShares.
Because of all of this, gold IRAs are a better place than ever to invest your money, especially if you want to avoid directly contributing to the globalist agenda… or you’re simply looking to avoid taking a risk with your retirement fund.
But at the rate things are going, gold prices may not remain low as supply dries up.