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The Basel III Revolution Day, March 29, 2019

Apr 11, 2019

A revolution occurred on March 29, 2019. Few noticed.

https://www.zerohedge.com/news/2019-04-09/gold-basel-3-revolution-once-again-no-one-noticed

Real revolutions are taking place not on squares, but in the quiet of offices, and that’s why nobody noticed the world revolution that took place on March 29th 2019. Only a small wave passed across the periphery of the information field, and the momentum faded away because the situation was described in terms unclear to the masses....

This revolution is called “Basel III”, and it was made by the Bank for International Settlements (BIS)....

In the world the system of exclusive dollar domination established in 1944 in Bretton Woods and reformed in 1976 in Jamaica, where gold's equivalency to money was cancelled. The dollar became world money and gold became an ordinary exchange good, like metal or sugar traded in London on commodity exchanges. However, this was determined there by only three firms of the “Pool of London” that belong to an even smaller number of owners, but, nevertheless, it’s not gold, but oil that became the dollar filler.

We have lived in such a world ever since....

During the next few months nothing will change in the world....

Experts suspect that it is perhaps not a coincidence that the dates of Brexit and the date of Basel III coincide. The increased financial power of the leaders of Europe – Germany and France – is capable of completely concluding the dismantlement of Britain on the European continent. It was necessary to get out as soon as possible.

Thus, it seems that it is possible to congratulate us – the dollar era lasting from 1944 to 2019 has ended. Now gold is restored in its rights and is not an exchange metal, but world money on an equal basis with the dollar, euro, and British pound. Now gold will start to rise in price, and its price will rise from $1200-1400 per troy ounce up to $1800-2000 by this autumn. Now it is clear why Russia and China during all these years so persistently decanted its export income into the growth of gold reserves. There is now such a situation where nobody in the world will sell gold.

Injections of extra money will suffice for the world economy for 5-6 months. In the US this money can be used to pay off the astronomical debt. Perhaps this wasn’t Zurich’s last motive for making such a decision. But after all, the most important thing is an attempt to slip out from under the Tower of Pisa that is the falling dollar.

MY NOTE: The Bretton Woods Agreement was made 75 years ago. It has now come to an end on March 29, 2019. The article goes on to tell us that we will probably not see any significant changes in the world economy for another six months or so. That would bring us into the 76th year, which is an interesting prophetic number. It is a "cleansing cycle," biblically speaking.

The Brexit actually occurred on March 29 as well, although many are trying to ignore or deny it. Politicians are disputing about an "extension," but there is no such legal provision. Opponents of Brexit are using their usual stalling tactic, hoping to do another vote--and another and another, if necessary--until they finally win. To them, losing the vote only means that they have to vote again, and the voting ends only when they win.

But the world is changing, and I believe that the EU dictatorship will slowly disintegrate, and the US dollar will lose its reserve currency status. These are monumental changes that will affect everyone, whether they know it or not. The nations that have been buying gold in the past few years understand this better than anyone, and they have been preparing for it.

The average person will probably do better having silver, rather than gold, but both will do well in the time ahead. Looking at it from a prophetic standpoint, I relate this to the rise of Medo-Persia, the "arms of silver" in Daniel 2, which overthrow the "head of gold." I believe silver will do better than gold. The implementation of Basel III will eventually overcome the price suppression that has been at the heart of government policies for decades.


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Category: News Commentary
Blog Author: Dr. Stephen Jones