Posted on 06/23/2020 9:44:12 AM PDT by T Ruth
Which Communist country do you think has sound money?
Russia—the ruble is crap.
China— a mystery, with lots of opaque debt, continually devaluing against the dollar to keep exports competitive.
Frankly, I don’t know of any country that has sound money and sound policy at this moment. The Swiss held out the longest, but they have to keep their currency from strengthening too much against the Euro.
Money as a store of value is going to undergo some ups and downs over the next decade, IMHO.
Oh yeah, the world will go bananas over a digital security from Communist China.
Riiiiiiiiight.
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Monetary Fraud at the Touch of a Switch.
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Time for NATIONAL DISTANCING from the Chi-Com Plague Pit.
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Just in,
https://www.zerohedge.com/commodities/chinese-gold-miners-continue-gobble-gold-companies
...and for your info, Russia has been amassing gold (on par with China) with all the dollars it has sold off. The gold bull has arrived. A full audit of our reserves is in order, none of the financial greats believe we even have a sliver of what used to own.
Bitcoin will be taken down. Six countries have already announced plans for digital currency, Italy the most recent......governments are banning cash and need to tax ALL you have-cash, PM’s are anonymous, hard to tax...can you say “ no man will buy or sell without the mark”...that is coming sooner than later. India is already three years into testing the digital currency ..if it succeeds in India, it will succeed worldwide.
You read about Indias sweeping digital ID program in effect on their .gov page....after all are digitally ID’d, then they all go to digital money...
https://www.digitalindia.gov.in/content/vision-and-vision-areas
Do not confuse digital currency like Bitcoin with government owned digital currency . Can you say “ cashless” society? Much coming out on it recently, China’s recently announced digital currency ultimately bans all cash, and Russia’s planned digital currency will also ultimately ban cash, India’s government has also put out similar statements...still a few years left but creepy how fast mandated cashless is moving. I suspect the 2020-2022 global crash will move it along much quicker....ever wonder why China is already 5G wired? ....key to mandated cashless society is super super quick 5G, every transaction has to be “ time stamped” in milli seconds..for example: all of the US ATM machines are time stamped by GPS- but it is not quick enough - we ( tthe US) will not see cashless until 5G is wired across the US.
Now, if most of the gold had been stolen over the years, it would be epic. Not that the dollar is gold-backed, mind you. But that it couldn't be, even at an astonomical price per ounce.
And also, because the embezzlement would have had to have been monumental and bipartisan.
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