No One Trusts the West After They Stole Russia’s Money, Property & Assets

Countries are starting to take physical possession of gold reserves that they previously stored in the West.

RT:

An increasing number of countries are bringing home their bullion reserves in the wake of unprecedented sanctions imposed by the West on Russia, Reuters reported on Monday, citing an Invesco survey of central bank and sovereign wealth funds.

According to the report, widespread losses for sovereign money managers resulting from last year’s financial market rout made them “fundamentally” rethink their strategies amid fears of higher inflation and further geopolitical tensions.

The survey showed that over 85% of the participating 85 sovereign wealth funds and 57 central banks believe that inflation will now be higher in the coming decade than in the last.

A “substantial share” of central banks were reportedly concerned by the precedent set by sanctions on Russia. Almost 60% of respondents said it had made gold more attractive, while 68% were keeping reserves at home, compared with 50% in 2020.

“’If it’s my gold then I want it in my country’ (has) been the mantra we have seen in the last year or so,” according to Invesco’s head of official institutions, Rod Ringrow, who oversaw the report.

Confirming Ringrow’s assessment, one central bank told Reuters anonymously: “We did have it (gold) held in London… but now we’ve transferred it back to [our] own country to hold as a safe haven asset and to keep it safe.”

Not only did the West put sanctions on Russia but they also stole assets and property belonging to Russians. This effectively abolished the concept of private property throughout the West. Countries outside of the West are thinking to themselves that if they are willing to do this to a major power like Russia, that they will have no problem doing it to them also. So why would countries want to trust the West with their gold or anything else?

Everything these people did against Russia has been an extreme miscalculation and is going to result in a total loss of their geopolitical, economic and military power. The decline we are seeing is obvious and it is only going to get more and more obvious moving forward.

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