Willem Middelkoop, the author of The Big Reset and founder of Commodity Discovery Fund, returns to the show, and we discuss the international monetary system and the petrodollar system that has been the foundation of the US dollar since 1973 or 1974. He explains that the petrodollar system is now dead and that the Saudis are openly flirting with the BRICS countries, which may lead to the end of the current monetary system. The total BRICS economy is already more significant than the G7 economy, and countries supporting the current sanctions against Russia are less than 1.5 billion. In contrast, over 140 countries are not joining in the sanctions. Willem believes that we are witnessing the end of the manipulation of precious metals prices, and he expects the markets to break at some point.

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    42 Comments

    1. But a recession will crush demand for all commodities,except maybe for agriculturals.
      Thy can put out all energy transition policies thy want,if people have no money for solar panels,ev's etc…thy will not sell

    2. Not a Yank, Singaporean. Hey, 25000 USD per ounce of Gold necessitate a near total meltdown of the USD & its economy. Not likely in the next 3 or 4 or 5 or 6 or 7 years, somewhat more then a non zero possibility but not likely.

      That might eventually well happen if there a rush to ditch the USD before it's near inevitable collapse, it's not baked in but its in the general trajectory & velocity of the US of A accuring ever growing fiscal deficits & trade deficits at a pace faster then antcipated real GDP growth.

      With a political record of dismissing, severly diluting & defeating any moves towards fiscial probity. That probity needs be extend to constraint the Fed who can serve & has demonstrably serve recently as a useful workaround the constraint on the US Gov political goals by the control of the purse exercised by Congress. The Fed need be very clearly legislatively constrained & brought to heel.

      Now 2400 to 3000 USD per ounce of Gold is definitely a realistic possibility by 1st Qtr ir at latest 2nd Qtr 2024 along maybe with 35 to 50 USD per ounce of silver if inflation is not actually slayed except in the fevered dreams of the Bureau of Lying Statistics. Gold in the USD 5000 range is quite possible before 2027/28 if there no meainful change in direction towards reducing in relative terms the fiscal & trade deficits. I could be very badly wrong in gauging sentiment/perception the rush for the exit could be much earlier like by sometime next year, much more dramatic & lots more eventful. With Gold in the 8000 to 6,000 USD range sometime next year. Not 10,000 & defintely not 25000 USD range.😅

    3. I remember years ago gold being 286 australian , i bought gold mining shares, then a year later got fed up waiting and sold …the only one i kept , paid me back in dividends alone within 18 months …..how do you think i felt over the next few years …this time , i will be patient …….

    4. This dedollarization talk is starting to become ridiculous. You guys really think the BRICS countries are going to replace the US and Europe? Brazil is and will always be a basket case of complete incompetency and corruption, same for the other BRICS. Who is going to accept Brazilian reals, or Russian rubles, or Chinese yuans, or Saudi riyals, or India rupees or Argentinian pesos for anything at all? Not even those countries trust their own currencies or economies, or want to trade in each others currencies for anything sunbstantial. There is a reason why all those countries are and have been experiencing an exodus of their high net worth individuals, who all move to western countries in the US, Europe, Australia, or Asian westernized countries and move their money there, just like their poor people also want to move into the West for a better life. The constant fear porn and chinese propaganda you guys repeat is frankly stupid..

    5. Im sorry but 3K or 4K gold seems too me to be too low. WAY too low. When JP Morgan cant manipulate the metals and the BS contracts on wall st end, the price of the metals will find true price discovery and I dont see gold at anything under 25K and silver at 1200 to 1500 an oz

    6. These are fantastic takes , I was really hopeful of my investments this year, but all my plans have been disoriented, I've been studying the market crashes and I realized some investors made millions from the recent 2008 recession and I was wondering if such success rate could be achieved in this present market. Any recommendations?

    7. My concern with silver is if we do have recession, depression silver demand for industry will tank and so will spot, im hoping price rising to swap for gold before that….

    8. He is not the only one that called the top in the bottom for gold. But he just discredits himself when he brings up Elliot wave theory, and makes statements like that. Well, I would read with most of what he said no reason for the comments like that.

    9. If wealthy people with millions of dollars are now “eyeing precious metals now” it is concerning situation. India is the largest economy now powering the world economy as US, and Europe continues to slow down behind China; and Japan tries to grow. The end game is moving on forward. Winter is not here yet, however it is arriving.

    10. I hold high respect for your work mate because you’re pointing people in the right direction. If there’s one thing I’ve learnt recently is to remain calm especially when it comes to investment in Cryptocurrency . If Bitcoin can sustain these recent highs, it means we're getting a period of some relief rallies across, markets would be good. The crypto market is unstable and you can’t easily tell if it’s going bullish or bearish. While myself and colleagues are trading without fear of making losses but profits, others are being patient for the price to skyrocket, well It all depends on the pattern you follow. I was able to amass a lot of profits 11.5 BTC! when i started at 4.7 BTC by implementing daily trade signals and strategy from Randy Douglas..

    11. I have to laugh at these EV shills. The truth is, EV growth is going to stall out unless and until electric grid capacity is radically increased. Grid is already near peak capacity despite the fact that EVs make up less than 5% of vehicles on road.

    12. Who cares about petrodollar since all other commodities are sold in dollars. Who cares about other commodities sold in dollars since all financial world (like banks, mutual funds) are using dollars. Not so easy stuff.

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