You don't think it is digital currency? Do we have any gold?"
You don't think it is digital currency? Do we have any gold?
You don't think it is digital currency? Do we have any gold?"
Digital is my understanding, but largely gold backed.
India, Russia, Saudia Arabia, Iran and China, Pakistan are leaving, or preparing to leave, the tyranny of the US Dollar (and the CIA interference and bootjacking that comes with it).
That’s a chunk of change in terms of land mass.
Other nations with different valuable natural resources are not without hope for independence from the US.
40% of all Wheat production, for example, is attributed to Russia, Belarus and Croatia.
Do I Know this is accurate? No sir, but, didn’t we always wonder why America was hated?
Until Trump, many nations never saw much relief from heavy handed US presidents, just somwhere a war every several years. They too are said to be awakening.
Oh, just read THIS:
” US ADMITS RUSSIA CHEMICAL WEAPONS SCARE WAS PROPAGANDA!! “
Said to be Preventative tactics, jus’ in case...!!
Obama reinstalled US Use of Domestic Propaganda when he was president! A FLOOD of spill out has been coming. I can scarcely take it in, before another jaw dropping news flash. 😱
We have all of the gold and silver minted and issued since 1986, it is well over the circulation ratio we had when we were on it in 1933, AND it’s denominated legal tender money...
It is also legal to contract in gold or silver now.
How people are guided to switch I don’t know, but if they let the FRN denominated fun house disintegrate (finally) and force the banking, Insurance, et.al. industries to liquidate all of their assets to clear their debts or clear their bankruptcies the resultant asset devaluation across the board will put us back to where you can single worker family buy a home in 5-10 years tops and the hard money denominations existing would mesh in near perfectly.
State, county and city entities would have to fire sale assets.
It would be chaotic, and a pain in the ass, but it would be a painful but quick way to actually reset in 1-2 years what took a century to corruptly ruin.
Just in the bay area I know of a huge swath of properties that were eminent domained for a freeway project that never got under way and the state has either kept the properties empty and unused (and getting run down) or rented out cheap.
Unless you are eyeballs deep in debt, the average citizen would get through this fine, probably better than fine. Even the debt ridden would probably be able to clear their marginal equity home in a couple years (and provisions should be made to give residents “first dibs”), and the rest of the debt can be discharged in bankruptcy, or managed but with (X) orders of magnitudes of 0’s lopped off.
The dollar, revitalized and not yoked to a bunch of crooked institutions, backed and redeemable by hard assets, would quickly regain respect and capital would flow into America en masse, not only for financial safety, but from the fact we’ll still essentially be unassailable here in the western hemisphere.
Q said we do have the gold in that one Q and A.