Topic: Shanghai Gold

The United States is facing an imminent financial collapse as the global debt reaches $37 trillion and the dollar loses its status as the world's reserve currency. Colonel McGregor points to the Shanghai Cooperation Council as the foundation for a new financial system backed by gold and minerals. He warns that bankruptcy may be the only factor that prevents the U.S. from entering a major war in Asia or Europe.

The COMEX has reportedly delisted several gold and silver futures contracts and deleted past transaction data, a move Kirk Elliott interprets as a cover-up for massive physical deliveries. Gold is reportedly being repatriated to the U.S. from the Bank of England and other European vaults. Elliott suggests that a major entity, possibly a government, is taking physical delivery of precious metals at an unprecedented scale.

The new BRICS currency unit, launching in late October 2024, will be a basket of currencies weighted 40% by gold. This institutional demand is expected to drive gold to $3,000 and silver to $50 by the end of the year. Dr. Kirk Elliott warns that a failure of a major US bank could trigger a contagion effect similar to the Silicon Valley Bank collapse but on a much larger scale.

Celente mocks the rapid failure of CNN Plus, stating the public refuses to "swallow cartoon news crap." He discusses the "Shanghai'd" model of COVID lockdowns in China as a power trip intended to force obedience, noting that the US has adopted similar authoritarian tactics. He concludes by emphasizing the importance of building the immune system and supporting independent media to survive the "mass destruction of the human spirit."