Posted on 07/12/2023 7:30:45 AM PDT by JimRed
Dear Reader, There have been a few moments that changed the course of America forever… JFK's assassination… 9/11… The Nixon shock of 1971… What's scheduled to take place on July 26, at 2 pm ET, could be another one of those moments. Click here to see the details… Because those who don't prepare could end up holding a bunch of worthless U.S. dollars. Regards,
Probably selling gold or it’s an outright scam.
Next Fed meeting is July 25-26 with policy decision announced at 2pm July 26.
Boogie man coming.
Once the BRICS currency is running (likely this year), the US Dollar will quickly assume it’s TRUE VALUE, based on the financial situation of the US.
We can thank President Biden and his Ukraine War supporters for GREATLY ACCELERATING this transition, by attempting to ‘punish Putin’.
Could one here who uses US dollars “hedge” by investing in some position with BRICS currency when it becomes available?
Could fortunes be made “shorting dollars” like Soros and others have done for years in many countries?
I’ve noticed a few banking scares as of late suggesting our money will be worthless or controlled by some NWO entity.
Personally, I think they are all either BS or some scheme to get your money, such as by buying gold or whatever.
I recall several years ago some South American country were giving their citizens bank accounts “hair cuts” where they simply withdrew from each account a certain percentage. What went on here at FR was amazing, as many were convinced our own regime would be doing the same, and many cashed in their IRA’s to buy other assets. This whole “hair cut” thing turned out to be utter BS.
My point is, I pay no attention to this junk. I trust my bank, it’s locally owned and very sound.
And I must add many think gold is safe. They seem to think if the country goes to hell they can use it to buy necessities. Yes, by all means, take the coin you paid $500 for and try to buy a loaf of bread or can of beans. And keep in mind the government outlawed gold ownership several decades back, and they can do it again. Gold investments are for the excessively rich that can diversify their money in different forms. It’s not for common folks with little money.
“Could one here who uses US dollars “hedge” by investing in some position with BRICS currency when it becomes available?”
Seems to make sense, as it will be gold-backed. Of course, as the US Dollar crashes, currency controls will start to be implemented, so it’s certainly good to not wait around too long!
Could fortunes be made “shorting dollars” like Soros and others have done for years in many countries?
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this could be soroz biggest scalp
They are such nice people, willing to do that for us!
I’d beware those selling solutions for it, but the cbdc/programmable currency warnings are indeed warranted.
Right now, the value of a U.S. dollar is rapidly falling. It is at 101.63 (and falling), the lowest in two years. Between it, rising oil prices, and rising gold prices, all signs or inflationary. Ignore the cheers of the Biden media. The outlook for the economy is NOT good.
I’m having to correct myself. I mis-typed. It is NOT 101.63, it is 100.63 (and falling).
I've made that point here many times.
Gold is virtually worthless in a TEOTWAWKI situation. Like you say, you are not going to hand a gold coin over the counter for a loaf of bread. Not only will the clerk likely not be able to make change for it but now you will attract the wrong kind of attention and people will follow you back to your house to see what else you are hoarding.
I do have a gold IRA as a relatively small portion of my total retirement savings. It is a hedge against inflation and expect to start converting to cash at some later point to help fund my retirement.
The physical gold itself is at a despository in Delaware. I will never actually touch this gold.
CBDC is coming, fast.
Digital currency — on the iPhone or card — will replace and negate all currency in the US, as it’s done in China and is now being done in the EU. ATMs will disappear and walk-in bank services will be a thing of the past.
All done by EO and fiat.
Get ready for a “bumpy ride”...
Precious metals——
Act Accordingly.
Very much the same point of view here.
Just about everybody is selling something and hardly any of them are your friend.
Can we be sure someone didn’t switch te labels? ;-)
Given the currency controls currently in place by the BRICS major players, do you think they’re going to create a currency that is redeemable in demand for gold?
I don’t think they will. I think they will pretend to have a gold back currency, as the U.S. did from 1945-1971.
The idea that China or India is embracing economic freedom is laughably naive.
We’ll find out. I suspect that the 85% of the world that are not US puppet governments will flock to the BRICS currency, gold-backed or not, as the REAL BENEFIT of that currency is that the Neocons can no longer use the banking system to punish those governments.
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