With gold still holding near its historic all-time highs‚ central banks led by China are buying the top to fortify themselves against a global monetary and financial blow-up.In investing‚ Buy low‚ sell high is among the most well-known sayings‚ and generally‚ its good advice. But with gold still holding near its historic all-time highs‚central banksled by China are bucking the classic adage and smash-buying more‚ buying the top to fortify themselves against a global monetary and financial blow-up.Last month marked the 17th in a row that thePeoples Bank of China(PBOC) continued stacking gold. Notably‚ the bank typically reports lower numbers than its actual buying volume and is now also introducing a digital yuan to facilitate cross-border gold settlements.The People';s Bank of China announced its gold reserve data for March‚ with an additional 160‚000 ounces of gold reserves added‚ bringing the total reserves to 72.74 million ounces. pic.twitter.com/Ngalymi8nd Bai‚ Xiaojun (@oriental_ghost) April 8‚ 2024Russia is also doubling its reserves of gold and foreign currencies on its de-dollarization path‚ further detaching Russia from the petrodollar empire as it reacts to wartime sanctions from the US and EU. There are other blips on the de-dollarization map as well: though much smaller than Russia and China‚ Zimbabwe has a new gold-backed currency that lets them dump the USD for trade with China and other countries.Chinese citizens are trying to divest as well‚ but from their economy Chinese buying has become so blistering that goldETFs have gone haywire‚ with China repeatedly halting trading as ETFs rocket upward at a gobsmackingly-high premium against physical bullion. It has become increasingly difficult for the Chinese to invest outside of China‚ due to attempts by the regime to keep investments within the country. Citizens are trying to make moves to protect themselves against their perceptions ofdomestic economic uncertainty.Our fan-favorite Turbo Force Plus is now 40% off! See for yourself the delicious one-of-a-kind energy boost infowarriors CRAVE!Meanwhile‚ expectations that the Fed and other Western central banks will be cutting rates this year amidst continuing wars in Ukraine andthe Middle Eastprovide further rocket fuel for the gold price‚ with central bank buying helping it hold its new levelsdespite whatever elseseems to be going on in global markets.A Year of Central Bank Buying:Gold vs USD April 2023 April 2024SourceWhile shorter-term corrections are always to be expected‚ the macro factors support the view that‚ despite its awe-inspiring path upward in the past few months‚ the rally for gold hasnt finished. While inflation isnt contained‚ the Fed is expected to stay the course with planned 2024 rate cuts that willmake dollar weakness even worse. This can only mean higher prices for gold against USD.Reacting to warnings from Bloomerberg about ballooning debt and the powder keg of inflationary pressure‚Peter Schiff said:We have a much bigger problem than they acknowledge thats why the price of gold is at a record high‚ thats why its going to keep going up.With the overstretched and over-indebted American empire increasingly in a state of potentially terminal decline‚ BRICS countries arestacking hard assetswith the hopes of overtaking the West as the next economic superpowers in the coming decades. While they have fiat currencies of their own‚ none have anything resembling the world reserve currency status enjoyed by the USD. Buying the top even as gold continues upward tells a story of their future visions of US dollar chaos.Besides‚ if you expect the dollar to fail‚ as dominant fiat currencies historically have‚ then the top doesnt matter ifthe bottom for fiat is zero‚ then theres no meaningful top for hard assets like gold in fiat terms. And just as you didnt want to be the last schmo holding seashells when no sane person would give you even the tiniest sliver of gold in exchange‚ its wise of central banks to avoid being the last ones trying to trade worthless paper for gold that‚ when fiat is functionally dead‚ will be infinitely more valuable.Because when youzoom out far enough‚ the exchange price of fiat currencies always reverts to its true value of zero.Learn Why The Globalists Are Killing Their Own Monetary System

Predictably and appropriately‚ the establishments head-in-the-sand economic strategy is coinciding with a notable decrease in support for the Democratsthe establishments preferred party these days. President Biden is behind in the polls in six of the seven swing states and is losing support from working-class and nonwhite voters.The American economy is not all right. But to see why‚ you need to look beyond the dramatic numbers we keep seeing in the headlines and establishment talking points.Take‚ for instance‚ the latestjobs report. For the third month in a row‚ the American economy added significantly more jobs than most economists had been expectinga total of 303‚000 for March. On its face‚ thats a good number.But as Ryan McMakenlaid outover the weekend‚ things dont look as strong when you dig into the data. For instance‚ virtually all the jobs added are part-time jobs. Full-time jobs have actually been disappearing since December of last year. In fact‚ as McMaken highlighted‚ The year-over-year measure of full-time jobs has fallen into recession territory.Also‚ most of these new part-time jobs are going to immigrants‚ many of whom are in the country illegally. There has beenzerojob creation for native-born Americans since mid-2018. While immigrants are not harming the economy by working‚ the scale of new foreign-born workers has papered over the employment struggles of the native-born population.Further‚ government jobs accounted for almost a quarter of those addedway above the standard ten to twelve percent. Just like with government spending and economic growth‚ government hiring boosts the official jobs number whiledrainingthe actual‚ value-producing economy.Winter Sun Plus is NOW 25% off! Boost your natural defenses with this powerful vitamin D3 and K formula!Some economists‚ likeDaniel Lacalle‚ argue that the US economy is already experiencing a private-sector recession but that government spending and hiring are propping up the official data enough to hide it.A recession is inevitable‚ thanks to the last decade of interest rate manipulation by the Federal Reserveand especially to its dramatic actions during the pandemic. The recession-like conditions in full-time jobs is further evidence that Lacalle is right.But jobs numbers are only part of the story. The stock market has beenfluctuatinga lot recently‚ not because of changing consumer needs or the adoption of some new technology‚ butbasedon what Federal Reserve officials are saying about what the central bank will do this year.At the same time‚ prices are still high. And they continue to rise at a rate that frustrates even some of President Joe Bidensbiggest economic cheerleaders. Our dollars are worth about 20 percent less than they were four years ago‚ with no prospect of that trend reversing. That hurts.But instead of addressing this economic pain‚ much less their role in creating it‚ members of the political class are still pretending everything is great. Theyre even gearing up to make things worse by‚ for example‚ sending even more of our money to the Ukrainian government. All to prolong a war its losing‚ not because of a lack of money‚ but because of alack of soldiers.And at home‚ President Biden is scrambling toput the brakeson energy production and totransfer moneyfrom the working class to his base of college graduates‚ all before hes up for reelection in November.Predictably and appropriately‚ the establishments head-in-the-sand economic strategy is coinciding with a notable decrease in support for the Democratsthe establishments preferred party these days. President Biden isbehindin the polls in six of the seven swing states and is losing support fromworking-classandnonwhitevoters.The political establishment and its preferred candidatesdeserveto lose support‚ not only for failing to acknowledge Americas economic problems but for causing them in the first place.Learn Why The Globalists Are Killing Their Own Monetary System

Under [Jerome] Powell‚ the Fed has changed to think about equity issues‚ like racial issues‚ think about wealth inequality as part of the mandate‚ as part of the things we are following. Think about climate change‚"; principal economist tells OMG undercover journalist.New undercover video by OKeefe Media Group shows a top Federal Reserve official boasting about how the central bank has been politicized by far-left ideology‚ including race and climate issues as well as anti-Trump bias.An OMG undercover journalist captured Aurel Hizmo‚ Federal Reserve Principal Economist of Real Estate and Finance Section‚ describing the classified far-left Environmental Social Governance (ESG) agenda the Fed now serves instead of its mandate to ensure a stable financial system.Hizmo began by praising Fed Chairman Jerome Powell‚ for whom hes also a speechwriter‚ for addressing equity issues and climate change goals‚ and taking a stand against Trump.BREAKING‚ INSIDE THE FEDERAL RESERVE: Hidden Camera captures Principal Economist @federalreserve talking about Jerome Powells legacy as somebody who held the line against like‚ Trump. The influential agency responsible for maintaining a stable monetary system appears to not pic.twitter.com/5CqZX2LhwT James OKeefe (@JamesOKeefeIII) April 10‚ 2024 Under Powell‚ the Fed has changed to think about equity issues‚ like racial issues‚ think about wealth inequality as part of the mandate‚ as part of the things we are following. Think about climate change‚ Hizmo told the OMG journalist.Introducing Next Level Foundational Energy from Dr. Jones Naturals starting at 30% off! This cutting-edge dietary supplement is designed to elevate your energy levels and support your overall well-being.Hizmo‚ an admitted Biden supporter‚ also expounded on the Feds anti-Trump sentiment driven by Powell.Trump is just a crazy person. The feeling is this: we dont want Trump to be in the government‚ Hizmo said.Hizmo suggested Powells decision to raise interest rates in 2018 in spite of Trumps calls to lower them was politically rather than economically motivated.Trump was president. He wanted to stimulate the economy. But he [Powell] wouldnt do it‚ and he started raising interest rates and doing the opposite of what Trump wanted‚ he said.[Powell] wants to be remembered in history as like‚ as somebody who held the line against‚ like Trump‚ like somebody who helped the economy.After divulging the Feds new purpose‚ he said‚ Im just really worried that Im saying stuff thats classifiedIts all classified.Revelations that the Fed is prioritizing ESG policies comes as the economy continues to face elevated inflation despite the Fed hiking rates 11 times over the last year and a half.The latest Consumer Price Index report released Wednesday shows inflation ticked up for the third straight month to 3.5%‚ prompting the futures market to speculate the Fed may delay cutting rates.Follow Jamie White on X | Truth | Gab | Gettr | Minds

Asked if they believed Trump';s economic policies ';would be better for your family‚'; all undecided voters answered yes.While Joe Biden may currently have a slight lead over Donald Trump in polling‚ undecided voters tell a different story.Speaking to an MSNBC contributor‚ a group of undecided voters said theyre fed up with Bidenomics and inflation.I think hes been absolutely disastrous for the economy‚ one man out of a group of 8 voters told MSNBC‚ with another respondent adding‚ Mhmm‚ I agree.Brutal clip of undecided voters dunking on Joe Biden on Morning Joe.Mika is not happy pic.twitter.com/ifKB8HBajM Benny Johnson (@bennyjohnson) April 10‚ 2024The MSNBC reporter next asked people to raise your hand if you think President Trumps policies on the economy would be better for your family personally.Our fan-favorite Turbo Force Plus is now 40% off! See for yourself the delicious one-of-a-kind energy boost infowarriors CRAVE!The entire group of undecided voters raised their hands.Asked what was better under Trump‚ one man pointed to his 401K losing its value under Biden‚ while another voter from Pennsylvania said interest rates are too high for her state‚ forcing it into a standstill‚ and noting its not a good environment for people to invest.At this point‚ sounding more like hes fielding a Biden focus group‚ the reporter asked‚ Is there anything Joe Biden could do or say between now and the time you vote that would make you feel differently about feeling that his policies would not be as good for your family on the economy? Or are you pretty much decided that Trumps policies would be better for the economy?One voter replied that Biden has not seriously addressed the topic or taken accountability for the poor state of the economy.Like‚ hes in denial that its happening‚ she added.The voters sentiments on inflation are reflected in economic indicators‚ with a recent Consumer Price Index report showing a 3.5% increase across the board in March compared to Februarys 3.2% rate for a total 19% rise in prices since Biden assumed office.Inflation has not fallen in a single month since Biden';s term began (the closest was July 2022 when it was unchanged)‚ which leaves overall prices up over 19% since Bodenomics was unleashed. And prices have never been higher. pic.twitter.com/Wt0zaCpTvN zerohedge (@zerohedge) April 10‚ 2024

There has been a tremendous amount of speculation about when and how Iran will attack Israel. In the aftermath of Israels stunning airstrike on a building directly next to the Iranian embassy in Damascus‚ Iranian officials pledged that there would be a very harsh response. I take them at their word‚ and I am entirely convinced that a response is coming. But exactly when that response will happen remains a mystery as I write this article. So for now‚ we are waiting for the other shoe to drop. According toJennifer Jacobs‚ the senior White House reporter for Bloomberg‚ sources have told her that an attack on Israel is imminentUS and allies believe major missile and drone strikes by Iran and its proxies against military and govt targets in Israel are imminent; civilian facilities not expected to be targeted‚ sources told @donatopmancini and me. Attack may not necessarily come from Israels north.So what does imminent mean?Were not sure.That same word was used in a Bloomberg article that was posted just a few hours agoThe US and its allies believe major missile or drone strikes by Iran or its proxies against military and government targets in Israel are imminent‚ in what would mark a significant widening of the six-month-old conflict‚ according to people familiar with the intelligence.The potential assault‚ possibly using high-precision missiles‚ may happen in the coming days‚ the people said‚ requesting anonymity to discuss confidential matters. It is seen as more a matter of when‚ not if‚ one of the people said‚ based on assessments from US and Israeli intelligence.This would certainly be a major escalation.When Iran finally attacks‚ most experts believe that Israeli military and government facilities will be targeted.But if any Iranian missiles land in Israeli territory‚ Israels foreign minister is warning that his country will strike backIsraels foreign minister threatened Wednesday that his countrys forces would strike Iran directly if the Islamic Republic launched an attack from its territory against Israel.His comments came amid heightened tensions between the rival powers following the killings of Iranian generals in a blast at the Iranian consulate in Syria earlier this month.In fact‚ he specifically warned that Israel will attack in IranWriting in both his native Hebrew and Farsi‚ Israel Katz said on X: If Iran attacks from its territory‚ Israel will respond and attack in Iran.The blunt and threatening remark came after Irans Supreme Leader Ayatollah Ali Khamenei early this morning reiterated a promise to punish an evil Israel following a suspected IDF strike on the Iranian consulate in Syria that killed 12 people‚ including two top generals‚ on April 1.We could literally be on the verge of witnessing the start of an all-out war between Israel and Iran.Once they start lobbing missiles at one another‚ there is a very real possibility that a chain of events will be set in motion that nobody will be able to stop.I think that there is a lot of last minute diplomacy going on behind the scenes that we dont know about.In particular‚ I think that the Biden administration is desperate to avoid a major regional war.But it appears unlikely that the Iranians can be persuaded to change their course of action.Perhaps if Israel had chosen to end the war in Gaza the Iranians may have considered a deal‚ but that was never going to happen.The IDF continues to hit Gaza really hard‚ and on Wednesday the most senior political leader of Hamas lost three of his sonsThree sons of Hamas most senior political leader‚ Ismail Haniyeh‚ were killed Wednesday in an Israeli airstrike in the Gaza Strip‚ according to relatives and Hamas media channels. Haniyeh himself acknowledged the death of more family members‚ and he warned Israel that it would not break the resolve of our people.Ameer‚ Hazem and Mohammed Haniyeh were killed near the Shati refugee camp in Gaza City‚ Hamas said.In a statement released Wednesday‚ the Israel Defense Forces said it killed three Hamas military operatives that conducted terrorist activity in the central Gaza Strip. The IDF claimed that Ameer Haniyeh was a cell commander in the Hamas military wing‚ while Mohammad Haniyeh and Hazem Haniyeh were military operatives.If he could go back in time‚ I am sure that Ismail Haniyeh never would have authorized the terror attacks on October 7th if he would have known that it would mean the loss of three of his sons.But this is the way that war works.It often has consequences that none of us anticipate.Now Israeli Prime Minister Benjamin Netanyahu has a decision to make.He knows that Hamas cannot be destroyed unless the IDF goes into Rafah‚ but if the IDF goes into Rafah it could potentially cause the entire region to erupt in flames.We shall see what happens‚ but at this stage is appears that the decision has already been madeIsraels Prime Minister Benjamin Netanyahu said on Monday that a date has been set for an Israeli invasion of Rafah‚ Gazas last refuge for displaced Palestinians‚ without disclosing that date as a new round of ceasefire talks take place in Cairo.Today I received a detailed report on the talks in Cairo‚ we are constantly working to achieve our goals‚ first and foremost the release of all our hostages and achieving a complete victory over Hamas‚ Netanyahu said.This victory requires entry into Rafah and the elimination of the terrorist battalions there. It will happen there is a date.We will also want to keep a very close eye on the northern front.According to the UN agreement that ended the last war‚ all Hezbollah forces are supposed to be located north of the Litani River.One way or another‚ the Israeli government is absolutely determined to make Hezbollah abide by that agreement so that all of the Israelis that have been evacuated from communities in northern Israel can return to their homes safely.But Hezbollah will never withdraw north of the Litani River willingly.So an operation in southern Lebanon is being prepared‚ and once the IDF crosses the border that will mean all-out war between Israel and Hezbollah.There are multiple ways that the conflict in the Middle East could spiral out of control.I am entirely convinced that this will be the year that it happens.But for the moment‚ we continue to wait for the next shoe to drop.Michaels new book entitledChaosis availablein paperbackandfor the Kindleon Amazon.com‚ and you can check out his new Substack newsletterright here.About the Author: Michael Snyders extremely controversial new book entitledChaosis availablein paperbackandfor the Kindleon Amazon.com. He has also written seven other books that are availableon Amazon.comincludingEnd Times‚7 Year Apocalypse‚Lost Prophecies Of The Future Of America‚The Beginning Of The End‚andLiving A Life That Really Matters. (#CommissionsEarned) When you purchase any of Michaels books you help to support the work that he is doing. You can also get his articles by email as soon as he publishes them by subscribing to hisSubstack newsletter. Michael haspublished thousands of articles onThe Economic Collapse Blog‚End Of The American DreamandThe Most Important News‚ and he always freely and happily allows others to republish those articles on their own websites. You can connect with Michael onYouTube‚FacebookandTwitter‚ and sharing his articles on your own social media accounts is definitely a great help. These are such troubled times‚ and people need hope. John 3:16 tells us about the hope that God has given us through Jesus Christ: For God so loved the world‚ that he gave his only begotten Son‚ that whosoever believeth in him should not perish‚ but have everlasting life. If you have not already done so‚ we strongly urge you to invite Jesus Christto be your Lord and Saviortoday.The post Waiting For The Other Shoe To Drop In The Middle East appeared first on End Of The American Dream.