Posted on 03/30/2020 6:26:46 PM PDT by weston
China and Russia have been stocking up on gold for years. The plan has been to collapse the dollar as the world currency. And you can’t believe the amount of gold they report they have, especially China.
Adding to the dollar problem is the oil. Not much need for Petro dollars ( most oil sales are in dollars, although China, Russia and Iran has been using other currencies) I wonder if Saudis and Russians are purposely flooding the world with oil, they certainly aren’t happy with United States being the number one producer. Our producers cannot survive long at $20 a barrel. There is no storage capacity anymore, and the producers in Midland have been asked to halt production. Some company in North Dakota offered to pay 19 cents for taking their oil. Thankfully President Trump filled up strategic reserves, I wish he could open up more strategic reserves and buy it up.
Enough of my rant about gold and oil, lol. This has been a long time in the planning with Russia and China.
I wonder if the President isn’t worried about borrowing trillions because the dollar will be devalued. Devaluation not only helps our exports, it basically wipes out our debt. The only reason our dollar has been as strong as it is, is because we had higher interest rates than other countries, and other countries are in a lot worse shape than we are.
Lol
@realDonaldTrump
My Administration is helping U.S. auto workers by replacing the failed Obama Emissions Rule. Impossible to satisfy its Green New Deal Standard; Lots of unnecessary and expensive penalties to car buyers! 3:51 PM · Mar 31, 2020
I wasn’t looking forward to ten days in the hospital on a feeding tube and all the pain and not being able to eat afterwards, but I would have liked to get it over with. I’ll pray for you and everyone out on the roads in your neck of the woods when you’re driving for your eyesight.
@realDonaldTrump
· 19h
My proposal to the politically correct Automobile Companies would lower the average price of a car to consumers by more than $3500, while at the same time making the cars substantially safer. Engines would run smoother. Positive impact on the environment! Foolish executives!
___________________________________________________________
Donald J. Trump
@realDonaldTrump
· 19h
Great news! American families will now be able to buy safer, more affordable, and environmentally friendly cars with our new SAFE VEHICLES RULE. Get rid of those old, unsafe clunkers. Build better and safer American cars and create American jobs. Buy American!
President Trump is, as he said at yesterday’s task force briefing, a cheerleader for America. He is looking out for us as best he can. He is no pollyanna, but is always looking for ways to make things better.
LOL, don’t worry, when I can’t read the street signs I quit driving. It’s too scary.
“Hoarding is just a word slackers use to malign people smart enough to think ahead.”
LOL, I like that definition much better!
I just read on here that the grocery stores can’t keep up with demand because more people are cooking at home instead of eating in restaurants. Now that makes more sense than people are just hoarding for no reason!
Ford says they are suspending vehicle production in US and Mexico indefinitely. The union doesn’t want workers at risk.
God bless him. Who was the general in WWII, his troops were completely surrounded by germans, and he said that the Germans won’t be able to get away this time. That is how I think it is with President Trump right now.
Lots of good news on FR front page including this
http://www.freerepublic.com/focus/f-news/3830586/posts
Yes it was, then they dropped the gold standard, borrowed for wars, etc., and it was devalued, and eventually pegged the value to the dollar.
A short history of the British pound
https://www.weforum.org/agenda/2016/06/a-short-history-of-the-british-pound/
The IMF, with the illuminati, is planning a world currency. SDR (special drawing rights) would be given to countries. It is believed how much gold a country has and fiat in circulation may be used to value it. China is very involved in the IMF, another reason I don’t trust them. I can call the Chinese lots of things, but stupid is not one of them.
Just saw BIDEN wants Michigan Gov. GRETCHEN WHITMER as his running mate.
Perfect! Dimwit BIDEN - 2000 - Halfwit WHITMER
Oh no, here comes the Biden sniff’n the neck of halfwit memes.
Gold doesn’t lose value, the different currencies change their value in relation to gold. The value of gold and silver you see as Spot prices is very manipulated. When you see coins being sold at a high premium over spot, it’s because it’s the true price. That is happening now.
I’ve just always had an interest in economics, especially monetary policies. I don’t care much for the FED.
Very good news, thank you. Of course about 3 comments in there has to be the non believer.
@realDonaldTrump
· 2m
Congress must pass the old, and very strongly proven, deductibility by businesses on restaurants and entertainment. This will bring restaurants, and everything related, back - and stronger than ever. Move quickly, they will all be saved!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.