Why is it I seem to be reading what I have advocated and written about for years?
Yes, the Great Trump reset is going to demolish the Federal Reserve and rebuild a new financial infrastructure that indexes US Notes to gold, stabilizes the currency and rewards savers.
But first there will a course of negative interest rates for federal debt to wipe out the deficit and pay down the impossible fiat debt.
Only the federal government will receive negative interest on financing and refinancing its debt.
As an example, financing and refinancing $50 Trillion at -6.5% will wipe out the deficit in less than 4 months and begin paying down the federal fiat debt to levels where it it is a position to be extinguished altogether.
US Notes were historically the currency before Federal Reserve Notes. They are nothing new. They will be indexed to gold. That means if you work hard for 5 to 10 years to save up for a home, farm or business, you will be able to buy what you work so hard and save for.
Hard working savers will be the smart ones in the future, just the way it was before the Federal Reserve era and the way it should be.
You will not sit in a home with a mortgage and watch housing inflation fill you with euphoria like a drug, making you think you’re rich for doing nothing. The value of your property will be based on how will you kept it up and of course location or if it’s a business, how much market share achieved.
People will begin to think “I saved $40,000 these past few years”, now I can buy that piece of land which is still about $40,000, and then maybe I will take out a clean loan to build on it or maybe I will continue to save and use my savings to build on it leaving me debt free.”
People will have that option.
Today there is no such option (in general). The aim of acquiring something through saving is more often than not unattainable because the $40,000 land becomes $60,000 land over the years the saver trues to earn the capital to buy the land (all other things equal like demand, taxes, land use zoning, etc.).
How will it eliminate anything if nobody buys the negative interest notes?