Posted on 02/14/2024 6:47:26 PM PST by george76
But then, we have our Constitution.
That is because there is virtually noting to oppose yet..The Fed has only issued a "discussion paper" on the topic. That is it...the "FedNow" bogieman of last year was yet another creation of the gold peddlers. Gold peddlers like the author of this article who is a partner of Peter Schiff in a gold sales firm:
https://www.schiffsovereign.com/about/
https://www.federalreserve.gov/central-bank-digital-currency.htm
https://www.federalreserve.gov/paymentsystems/fednow_about.htm
https://www.investopedia.com/what-is-fednow-7963716
https://www.coindesk.com/policy/2023/07/20/us-federal-reserve-kickstarts-fednow-instant-payments/
way to control money laundering, criminal activity, and terrorist financing
None of which the average law abiding citizen is doing
Only politicians, criminals and terrorists
p
NOT EVERYONE HAS A CELL PHONE.
Even with all the modernization in the USA-—There are still places where cell service is NON-existent or very poor.
She & other officials just LOST that move in court.
Affected persons seeking as much as $2 million each in lawsuits.
Or Bibles for that matter. Especially Bibles.
“Gold will destroy their scheme.”
The problem with gold is you have to eventually convert it into something you can use. You can’t go into a grocery store or car dealership with a fifty-ounce bar of gold. The problem there is determining its purity, or even if it is gold. A Chinese businessman, connected to the CCP, was so successful in faking gold that the Chinese government bought billions of dollars’ worth and didn’t discover it wasn’t gold until some of it went to a Swiss bank. Turns out the bars were beautifully engineered and even if cut directly in half that tiny portion was gold, as was the outside. Then there is faking coins. I have two small coins and the cost of selling them is high. Why? It’s not worth the effort to do the whole raft of tests for small coins and a certain percentage of them will be fake.
The number of retail buyers is low. I’d have to either take a serious hit on the coins selling them locally or pack them off to New York. The people in New York know my options are limited or I wouldn’t be using them, so, again the cost is high.
“Gold” is not what people think it is. And you can’t run a modern economy with gold backing the currency. There simply isn’t enough of it and to account for the amount of paper in the world the price of the gold we have would be many, many times what it currently is just to keep economies from imploding.
No one is happy with the way economies are run and that’s because of politics, not economics. Economies are run by politicians and not the market, so nothing about them is efficient...it’s political.
Thanks for posting. $19.84
I’m glad that I am at an age where I won’t have to put up with this much longer where someone wants to micromanage my life. For the totally irresponsible,this might be OK,but one size does not fit all! MYOB!
The Constitution is already not being adhered to. Do you choose to suppose this situation will get better? Somehow I do not. There is one situation that holds true no matter what & that is to believe & trust In God & Jesus, our Lord & Savior, something against which no government has power against.
Did you also “somehow” learn to believe that Jesus wants us to surrender our God-given freedoms?
It all depends on how much gold there really is in the world.
All it takes is a dust particle to get into the system and everything is lost. China already knows the backdoor code to all the software they’ve created and sold to us. Russia is threatening the US they can shut us down from space. The US government will do much, much worse to it’s citizens.
..... Ya ... Just like when we had the "Constitution" in 1933 when President Franklin D. Roosevelt signed an executive order that criminalized the possession of gold .....
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The problem with gold is . . .
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I have been searching for months looking for the insights you’ve posted here regarding the acquisition of precious metals, mainly gold, NOT being an effective way to deal with tyrannical governments’ CBDC assault on our financial freedom and our financial privacy. Any additional information/analysis you come across pertaining to this issue that you can post on FR would be greatly appreciated.
Not knowing the scale of type of total breakdown of society there’s no real way to prepare for it. I’ve invested in lead, formed into projectiles of various sizes. As for precious metals, depending on how bad things are, there’s no metal that can be traded for food and water if food and water is in short supply. As someone famously commented, you can’t eat gold.
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