An Asian Bretton Woods? Where Does that Leave America?

Alasdair Macleod, Michael Wood and Patrick Highsmith return.

The financial war between Russia, with China’s tacit backing on one side, and America and her NATO allies, on the other, has escalated rapidly. It appears that President Putin was thinking several steps ahead when he launched Russia’s attack on Ukraine. We have seen sanctions fail. We have seen Russia achieve record export surpluses. We have seen the ruble become the strongest currency on the foreign exchanges. We are seeing the West enter a new round of European monetary inflation to pay everyone’s energy bills. The euro, yen, and sterling are already collapsing — the dollar will be next. From Putin’s point of view, so far, so good. Russia, has progressed her power over Asian nations, including populous India and Iran, and has persuaded Middle Eastern oil and gas producers that their future lies with Asian markets, not Europe. Russia is subsidizing Asia’s industrial revolution with discounted energy. Thanks to the West’s sanctions, Russia is on its way to confirming Halford Mackinder’s predictions made over a century ago, that Russia is the true geopolitical center of the world. There is one piece in Putin’s jigsaw yet to be put in place: a new currency system to protect Russia and her allies from an approaching western monetary crisis.

Alasdair explains why he thinks Putin is now assembling a new gold-backed, multi-currency system by combining plans for a new Asian trade currency with his new Moscow World Standard for gold. Michael Wood talks about Reyna Gold Corporation’s emerging gold discovery in Mexico and Patrick comments on drill results that could launch a share price moonshot for Timberline Resources.  

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Alasdair Macleod has a background as a stockbroker, banker and economist. He is a Senior Fellow at the GoldMoney Foundation and Head of Research at Goldmoney.  His experience encompasses equity and bond markets, fund management, corporate finance and investment strategy. His weekly articles written for GoldMoney are posted on his blog at goldmoney.com/research/goldmoney-insights Because of his deep insights into underlying market dynamics, Alasdair is one of the most frequent guests on Turning Hard Times into Good Times.

Michael Wood holds a BSc. in Economics from Cardiff University and an MBA from Hong Kong University of Science and Technology. He started his career in Wealth Management in London, before joining the Metropolitan Police, where he progressed to be a detective conducting Counter Terrorism Investigations for Scotland Yard’s Counter Terrorism Command (SO15). Mr. Wood is currently the Chief Executive Officer of Reyna Gold, which holds a portfolio of gold projects in Mexico; and Chief Financial Officer and director at Reyna Silver Corp. He is also a director at Emerging Markets Capital, a Hong Kong based private investment and advisory firm focused on natural resources.

Patrick Highsmith is Chairman of Firefox Gold Corp. A professional geologist and mining executive with 29 years of experience in exploration, operations, business development & leadership roles for companies, including: Rio Tinto, BHP Billiton, Newmont, Lithium One, Pure Energy Minerals, and Fortescue Metals Group. Mr. Highsmith has worked on more than 250 projects around the world, leading teams through creative transactions, new discoveries, scoping, and prefeasibility studies. He is experienced in the capital markets, having been associated with all manner of financings and transactions. Patrick has been targeting gold in Finland since 2005, and has been integral in building FireFox. He is also the Pres.& CEO of Timberline Resources, a mineral exploration and resource development company focused on gold and copper discoveries in north-central Nevada, USA.

About Jay Taylor

Jay Taylor is editor of J Taylor's Gold, Energy & Tech Stocks newsletter. His interest in the role gold has played in U.S. monetary history led him to research gold and into analyzing and investing in junior gold shares. Currently he also hosts his own one-hour weekly radio show Turning Hard Times Into Good Times,” which features high profile guests who discuss leading economic issues of our day. The show also discusses investment opportunities primarily in the precious metals mining sector. He has been a guest on CNBC, Fox, Bloomberg and BNN and many mining conferences.