Gerard Rennick People First Party

“Gold has overtaken US government bonds as the largest reserve asset held by central banks worldwide in a historic shift in global finance, according to the European Central Bank’s (ECB).

The report says that the precious metal accounted for approximately 27% of global official reserve assets at the end of 2025, compared with 22% for US Treasuries.

This marks an important change in the composition of international reserves and highlights evolving perceptions of risk, security, and monetary stability in an increasingly fragmented geopolitical environment.”

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Washington's economic war on Iran and its 'shadow' banking network continues, as on Friday Treasury Secretary Scott Bessent announced the US has seized $1 billion in Iranian cryptocurrency assets as part of the economic component of President Trump's Operation Epic Fury.

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“Donald Trump has nominated Scott Bessent to lead the US Treasury Department, one of the most influential roles in government with wide oversight of tax policy, public debt, international finance and sanctions.

Bessent, a Wall Street financier who once worked for George Soros.”

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The world’s monetary system is in a state of flux that has the potential to cause some serious political and economic turmoil.

With U.S. debt approaching $40 trillion and a former Soros operative bragging about stealing the savings of individuals who had the misfortune of being born in the wrong country, it’s hardly surprising no one wants to touch U.S. Treasury bonds.

When the music stops playing there is going to be an economic fallout that is going to be very painful indeed.