Former White House Official Warns Nuclear Threat To The World Has Returned

http://kingworldnews.com/former-white-house-official-warns-nuclear-threat-to-the-world-has-returned/

So these things (geopolitical dangers) are real but there’s a much bigger issue at stake and that is this whole post-war international economic order having been based on the U.S. dollar and U.S. policies that were predicated on the assumption that they served everybody's interests.  What China and Russia are now saying is, 'They don’t serve our interests anymore.'

It’s really apt that the British decided to join the new emerging market BRIC Bank — the new institution that China and Russia are creating to act as a substitute or a new version of a combined World Bank/IMF structure.  It’s the infrastructure bank for emerging markets.  This is another way that they (Russia and China) challenge the supremacy of the United States.

And it was fascinating to see the White House slap-down the British quite forcefully — their closest ally — and say, ‘You shouldn’t have done that.’  This has raised all kinds of questions because the British view is:  'If this institution is going to be funneling big amounts of money into emerging market infrastructure, which clearly needs to be built, then are we smarter to be on the inside where we can keep an eye on what’s going on, or on the outside where we don’t know?'

The American view is, ‘We don’t condone any participation.’  And I think the rest of the world, including America’s allies, are going to say, ‘Well, actually this is better than war, right?  It’s better to work with them in the context of building the world economy, than to stay out of that dialogue and instead intensify the business of sending troops to borders.'

This is the situation that markets need to get a grip on and I think that leads to all kinds of questions about things that matter to the listeners of your broadcast and that is markets like gold.  For instance, China and Russia have been big accumulators of gold in anticipation of a day when they step forward and say, ‘Our currency is more backed by real gold than the American dollar,’ which is another piece of the same puzzle.  So I think that’ the big picture here.”