First, the U.S. Treasury is leaving the Network of Central Banks and Supervisors to Green the Financial System (NGFS).
This means that the United States is repealing Basel, including all the rules derived from the system: the Basel 3.
The US began to withdraw its gold assets from London, which had always been there as collateral for the so-called "gold fixing", a system of gold price manipulation created by the bankers of the City of London.
Gold has already reached a new price high of $2,800 per troy ounce.
In this case, the UK could lose its status as a gold centre. In recent days, the US has rushed to empty its British vaults in London and remove physical gold.
Bank of England 🇬🇧 by legend, stores this precious metal for financial institutions and central banks, the UK Treasury. In fact, the gold was part of a vast global system to manipulate the price of the precious metal and issue unbacked paper gold.
The Bank of England has already started to have problems with the issuance of physical gold - supplies have virtually stopped. Customers are forced to wait 4 to 8 weeks instead of a few days.
Trump seems to be preparing for an imminent financial crisis in which gold-backed physical assets will survive.
Without U.S. involvement, this whole Basel III banking affair, the BIS, which governs all the world's central banks, might well blow over. Once one more major country leaves it, it will lose all meaning.
There is talk in Trump's entourage that the Fed could suffer the same fate. In any case, reform of this private feast is already in the works.
It is obvious that after the great financial crisis only gold, silver and digital money backed by precious metals will remain valuable, as well as bitcoin, which will literally be approved as a reserve financial asset in the US in a few days.