Importance The article examines gold and foreign currency transactions in global financial markets as an effective mechanism for managing the global economy. Objectives The research aims at analyzing the financial and economic policy of the USA that has changed recently by shifting from injecting the inflated USD into the economy towards reduction of the USD money supply and pursuing a more strong position of USD against other currencies. Methods We investigate the mechanisms the USA use to curtail financial aid activities. The mechanism was implemented before by inflating the USD money supply and extending the base of loans. Results The research finds the relations of dynamics of changes in oil and gold prices, dynamics of changes in the accounting rate of the Federal Reserve System and oil prices, oil prices and USD rate, quantitative easing in the USA. We point out a strategic trend of the new financial policy of the USA, implying that the monetary policy tightens concurrently with some reduction of the USD money supply. In this respect, we identify high risks of indebted countries, since USD-denominated national debts of developing countries, with Russia among them due to some indicators, get record high amounting to USD 5.7 trillion. Conclusions and Relevance We conclude on high probability of that the economic scenario that is similar to that of World War II will reoccur. We also substantiate aspects that should underlie the policy for maintaining the national economic sovereignty of Russia and focus on consolidated economy so that the governmental control could concentrate financial resources that would allow resisting any foreign maneuvers and manipulations in financial markets. The mechanisms for gold and foreign currency transactions of the USA may be applied both to improve the Russian legislative and executive authorities' strategies and as part of economic unions, which Russia is a party to.
Keywords: financial transaction, gold, world economy, crisis, dollar, money supply, USA
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