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Jim Rickards: Here comes the biggest monetary shock in 50 years
By James Rickards
Daily Reckoning, Baltimore
Monday, September 30, 2024
... [W]ith so much attention focused on the U.S. presidential election, the war in Ukraine, and the war in Gaza, which is spreading to Lebanon, it's easy to lose sight of other geopolitical developments that may be even more significant in the long run.
One of these developments is the rise of the new BRICS currency and its potential role in the global monetary system.
... Dispatch continues below ...
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Power Nickel Announces Assay Results from its Polymetallic Lion Zone Discovery
Company Announcement
Tuesday, October 1, 2024
TORONTO -- Power Nickel Inc. (TSXV: PNPN, OTCBB: PNPNF) announces the assay results obtained for the first five holes of the summer 2024 drilling campaign at its polymetallic Lion Zone discovery.
"We announced that our summer exploration program had expanded the Lion Zone by 50% and today we provide the first assays from the program," CEO Terry Lynch said. "The results were obtained from targets we now realize were outside the main Lion Zone in what we refer to as the Halo area. Holes 63, 66, and 67 still delivered great value to the project. Five meters of 5.93% copper equivalent are excellent in Hole 63 and 66-67 both showed a very sizeable section of 12 meters of 2.97% and 2.36% copper equivalent respectively.
"After this set of holes we retargeted the drills at a lower pitch further west and once again found the main Lion Zone. Assays on these holes are pending." ...
... For the remainder of the announcement:
For years I have been warning readers about the collapse of the dollar, and I was one of the first people to alert you to the rise of BRICS.
It's a monetary shock about to hit the global financial system, and something I consider the most significant development in international finance in over half a century.
The annual summit of the leaders of the BRICS nations is being held in Kazan, Russia, from Oct. 22–24 and will include announcements moving the BRICS currency plans forward in material ways. ...
... For the remainder of the analysis:
https://dailyreckoning.com/biggest-monetary-shock-in-50-years/
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