Gold ends the Fed
Retired Colonel Exposes “Larger Plan To Back Currency With Gold” Ahead of 81 Nations Meeting In Russia
Retired U.S. Colonel Douglas McGregor warned Donald Trump, Jr. recently that there’s a conference in June in St. Petersburg that we should all be paying attention to.
He said what’s happening there could have severe implications for all Americans.
Watch (partial transcript below):
From the video:
“Eighty-one nations are headed to St. Petersburg in June for a major conference. The purpose of which is to bring them in to this larger plan to back currency with gold --- and the gold in China, the gold in Russia, the gold in India is just the tip of the proverbial iceberg. It’s just the beginning. The question is, what do we do? And these people in Washington have no answers. And that’s why prices rise. Services fall apart. The armed forces are in ruins. Our borders are open, and there is no rule of law. We are being destroyed by this regime in Washington.”
https://www.thegatewaypundit.com/2023/05/retired-colonel-exposes-larger-plan-back-currency-gold/
Who audits the supply of gold? Isn't it as easy to lie about your gold reserves as it is to print money out of thin air?
Gold Gold supply chains are complex, making transparency challenging. Gold is also valuable, malleable and easily transported. Gold is easy to smuggle, exchangeable worldwide, and traded anonymously through cash transactions. Because of its value, gold may be traded in small volumes, making it difficult to trace. The risks in the gold supply chain are particularly acute and extend to risks related to the financial flows in a way that 3T (tin, tantalum, tungsten) or cobalt supply chain risks may not. Some actors in the gold sector have been linked to financial crimes such as corruption, money laundering, theft, smuggling, fraud, and tax evasion, as well as human rights abuses stemming from organized crime and terrorist financing. Recognizing the complexities of this commodity, the Responsible Minerals Assurance Process (RMAP) maintains a stand-alone standard for gold. RMI also provides guidance and resources to support downstream and upstream companies in conducting individual due diligence in their supply chains to identify, assess and address such risks.
What We Do We work to create the enabling conditions for companies to exercise due diligence over gold supply chains in accordance with the OECD Due Diligence Guidance. The RMI added gold as a dedicated focus area in 2011. And, recognizing the complex risk issues unique to gold sourcing and the need to encourage a growing number of small- and medium-scale gold refiners in different regions of the world (China, India, South America, African Great Lakes, etc.) to demonstrate due diligence, the RMI launched a dedicated gold working group in 2016.
The RMI provides tools and resources for companies to conduct due diligence on gold supply chains in accordance with internationally recognized frameworks, including the OECD Minerals Due Diligence Guidance overall and the Supplement on Gold in particular. RMI Guidance on Due Diligence in the Gold Supply Chain The RMI’s Responsible Minerals Assurance Process (RMAP) provides independent third-party assessments through an OECD-aligned industry mechanism for gold refiners. Responsible Minerals Assurance Process, Gold Standard The RMI engages stakeholders along the gold value chains to ensure the complementarity of programs and works toward their alignment with market expectations. Since 2012 the RMI has collaborated with other industry initiatives such as the LBMA and RJC, which have similar OECD-aligned assurance programs, to develop a cross-recognition. The RMI recognizes the outcomes of the assessments from these programs and lists them in the RMI smelter database, alongside gold refiners that the RMI audits and finds to be in-conformance. The RMI supports projects in conflict-affected and high-risk areas to encourage responsible sourcing of gold, especially on the artisanal and small-scale gold mining (ASGM) level.