The world is moving away from $US

[Landon Caeli]

Have you bought anything in the past few years, like food?

Inflation is driving up the costs of goods at a much faster rate that wages are being increased. There are strong indicators that we are on the verge of stagflation. Many countries around the world are already suffering serious crises, over this inflation. We don't feel it as hard because we are closer to the fiat currency supply. U.S. dollars are not money. They are IOUs They are debt. Foreign nations are holding our debt, and their holdings are being devalued when we increase our debt. This is in addition to the struggles of running their own governments. Our problems will be compounded, as foreign nations who are holding American dollars, start dumping those dollars, and sending them back to the U.S.. The U.S. dollar is now only worth 3% if what it was worth in 1933. History has shown us that fiat currencies have a lifespan of about 100 years. We could lower interest rates, and print more Federal Reserve Notes, to stimulate the economy should companies start laying people off, in the midst of rising costs; but with the U.S. dollar only retaining 3% of its' initial worth, there isn't much wiggle room left.

When all else fails; go to war.

Watch and see.

I can imagine some other countries abandoning the US dollar - countries like Brazil, Russia, India, China and South Africa - but most others wouldn't dare if they were wise. Some of the countries within BRICS tend to have far more socialized tendencies than typical US free-market capitalism, which offers the security of our Supply and Demand system.

...There would have to be something more free-market, more capitalist than us, for their money to become the world's most reliable... I'm not seeing that yet, even with "promises" of gold.

 

[Landon Caeli]

IMO, anyone looking for, or contemplating on an alternative to the dollar, is really searching for something to go along with a "reset" kind of mindframe... Something based on a new, modernized way of doing global commerce as AI moves in to take over much of the future work force.

But who knows how something like that would work.

 

[Landon Caeli]

China and India have been buying up huge amounts of gold. Russia was already rich with gold. The BRICS nations are moving toward a currency that is backed by gold. Which currency would you rather hold, a currency redeemable in gold, or a currency that is backed by inflation and Authoritarianism?

If everyone were to cash out at once, would they really give up the gold? That's the problem with gold, is that it's not any more reliable if the system crashes down, because it's still on a promise.

And if we were to use actual gold, say globally, with all the debt and trade in the world, would there even be enough gold on our planet to equal out proportionately to all the debt owed as a liable monetary medium?

...Or are we at the point that IOU's are all that's feasible anymore?

 

[HARK!]

If everyone were to cash out at once, would they really give up the gold? That's the problem with gold, is that it's not any more reliable if the system crashes down, because it's still on a promise.

What do you mean by cash out at once? Are you speaking of Keynesian economics and fractional reserve banking? How would "they" not give it up; if you are holding it?

And if we were to use actual gold, say globally, with all the debt and trade in the world, would there even be enough gold on our planet to equal out proportionately to all the debt owed as a liable monetary medium?

No. That's the point. Even the gold market is artificially under priced through stocks sold in the futures market. That goes for every other tangible asset on the market. There is more stock being sold than there is commodity to back it; and it;s on a huge scale. The values of commodities are being manipulated just like your so called money is. Why would you want to exchange a hard asset for bad debt?

...Or are we at the point that IOU's are all that's feasible anymore?

Feasible for whom? For those who seek to steal from you? Gaddafi tried to unite Africa on a gold monetary system, right before he was taken out. Libya did not have a central bank. Right out of the gate a central bank was formed in Libya. Those who control the "money" supply don't like competing currencies. BTW, I just got word from Zachary Bauer that Bitcoin will no longer be convertible to fiat currency in the near future.

Zachary Bauer is a devout Christian who teaches off grid living:

 

[HARK!]

I can imagine some other countries abandoning the US dollar - countries like Brazil, Russia, India, China and South Africa - but most others wouldn't dare if they were wise. Some of the countries within BRICS tend to have far more socialized tendencies than typical US free-market capitalism

It's not a free market. A manipulated market is not a free market. The rest of the world is frustrated with being manipulated.

The economies of many nations are being, or have been, destroyed by the usury of the Federal Reserve Note.

China is lifting up the economies of many of them, with money swaps.

When all else fails; go to war.

 

[HARK!]

IMO, anyone looking for, or contemplating on an alternative to the dollar, is really searching for something to go along with a "reset" kind of mindframe... Something based on a new, modernized way of doing global commerce as AI moves in to take over much of the future work force.

But who knows how something like that would work.

Some nations look for new ways to engage in global commerce, when they get cut off from the SWIFT system; because they won't do the bidding of NATO. Many nations have become frustrated with the weaponization of the dollar.

Administering the world reserve currency is a privilege, that many nations feel should not be abused.

 

[Zoii]

You have to consider the power of BRICS with China being the worlds largest GPD, India 3rd and Russia 7th and twenty three other nations applying to join. The problem for a US dollar financial system is that increasingly other nations dont need nor want the US dollar. That means the US will have no ability to sanction anyone it seeks to coerce.

Plus China is the largest holder of US debt and it cashing in in favour of gold. I just seems like successive US administrations are asleep at the wheel. The isolationism of the Trump era made that all the worse.

 

[ThatRobGuy]

China and India have been buying up huge amounts of gold. Russia was already rich with gold. The BRICS nations are moving toward a currency that is backed by gold. Which currency would you rather hold, a currency redeemable in gold, or a currency that is backed by inflation and Authoritarianism?

It would largely depend on who I was planning on trading with, and what kind of economic fallout I was trying to hedge against.

For instance, if you have a country that already has a lot of Commodity XYZ and it's particularly enamored with it as much as we are, us anchoring our currency to it doesn't give us a lot of trade leverage.

If the scenario I was worried about was some sort of Thunderdome apocalyptic total global economic collapse, then I'd be more interested in accumulating clean water and bullets than I would be a shiny piece of metal that I can't eat or drink and that offers no practical use.


From a personal strategic standpoint, my approach would be (and I've implemented this a little with portion of my savings) to diversify in some various world currencies.

Having all of your eggs in one basket is riskier by nature of just that, having everything invested in one avenue (whether it's gold backed or not). When the gold seizure happened under FDR, people having their savings invested in gold (and gold backed currencies) didn't offer much protection against authoritarianism.

 

[Handmaid for Jesus]

No, the trend we are currently seeing goes against a one world monetary system - since the West blocked Russia from paying their obligations and VISA and Mastercard suspending their services for Russia, they are creating their own monetary system, for BRICS.

No country wants their enemies to control their finances, quite logically.

I understand that you don't see it now. But keep watching. The WEF is manipulating the whole world into giving up their individual currencies. Please watch this video to learn more.

 

[Handmaid for Jesus]

Here is an interesting look at the subject.

Here’s why we should all avoid Central Bank Digital Currencies - LifeSite

Finance guru Catherine Austin Fitts details ten practical steps individuals can take to stop the implementation of CBDCs and protect themselves from the enhanced surveillance and control they bring.

www.lifesitenews.com

 

[HARK!]

For instance, if you have a country that already has a lot of Commodity XYZ and it's particularly enamored with it as much as we are, us anchoring our currency to it doesn't give us a lot of trade leverage.

Trade leverage? Gold doesn't have much intrinsic value, other than that the world gold supply is a relative constant. The majority of found gold was found about 5000 years ago. The California gold rush was a drop in the bucket compared to what had already been found.

So what is the value of a relative constant? Your butcher might ask you that; if you go to make a purchase, and you catch him with his thumb on the scale.

What leverage do you have when someone offers you a valuable tangible commodity; and you offer an IOU in return; even as the person who is offering the commodity know that you have written more IOUs than you can pay in your lifetime?

If you look at long term historical charts, the price of gold and the price of oil have had traded for a relative fixed ratio, measured in dollars. At the same time the rise in price of those commodities over long term historical charts, in relative terms, is directly proportional to inflation. We might see the price of oil drop in the not so distant future, as EVs and solar panels, replace the need for oil; but one can still trade gold for the silver that is needed to manufacture those products.

Fiat currencies have historically migrated to their intrinsic value of zero.

“Paper money eventually returns to its intrinsic value, zero.” -- Voltaire (1694-1778)

If the scenario I was worried about was some sort of Thunderdome apocalyptic total global economic collapse, then I'd be more interested in accumulating clean water and bullets than I would be a shiny piece of metal that I can't eat or drink and that offers no practical use.

Gold is simply wealth. Everything of any value comes down to the time that it takes to collect it, or create it. An increment of your time, is a portion of your life. I place great value on that time; and I prefer to store it in tangible assets over investing it in bad debt.

That said, living is dependent on food, water, and shelter. Bullets are good for gathering food, or defending food, when the trucks stop rolling, and the police aren't getting paid.

I would be reluctant to give up my lead, for gold, if there was no food and no police. You would have to offer me far much more gold, than you would once the trucks started rolling, and the police started getting paid again. Gold is good for storing wealth for when trade is restored with law and order.

Having all of your eggs in one basket is riskier by nature of just that, having everything invested in one avenue (whether it's gold backed or not). When the gold seizure happened under FDR, people having their savings invested in gold (and gold backed currencies) didn't offer much protection against authoritarianism.

FDR worked with bankers to steal that Constitutional money from the American people.

Article I Legislative Branch​

• Section 10 Powers Denied States​

  • Clause 1 Proscribed Powers
  • No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.

"The real truth of the matter is, as you and I know, that a financial element in the large centers has owned the government of the U.S. since the days of Andrew Jackson."

Franklin D. Roosevelt, 32nd US President, letter to Col. Edward Mandell House (21 November 1933); as quoted in F.D.R.: His Personal Letters, 1928-1945, edited by Elliott Roosevelt (New York: Duell, Sloan and Pearce, 1950), pg. 373

Not everyone turned in their gold. Now that gold is legal again (so much for the Constitution in the mean time) you can buy those pre-FDR coins today.

In fact, fiat currency makes it easier for thieves to steal your wealth.


"Bankers own the earth. Take it away from them, but leave them the power to create money and control credit, and with a flick of a pen they will create enough to buy it back." -- Sir Josiah Stamp, former President, Bank of England

 

[trophy33]

I understand that you don't see it now. But keep watching. The WEF is manipulating the whole world into giving up their individual currencies. Please watch this video to learn more.

You want to see it, because you are probably an eschatological futurist and think that there will be one world gov/system for antichrist.

But factually, its not the trend now. The current trend is anti-globalization and fractionalization of the global economy - creating multiple blocks instead of a monolithic system.

 

[Handmaid for Jesus]

You want to see it, because you are probably an eschatological futurist and think that there will be one world gov/system for antichrist.

It is written.

 

[trophy33]

It is written.

So you are not facts driven, you are driven by your theological view.

Thats fine with me, but the real trend in our real world does not support that, now. And this is not a theological thread.

 

[Handmaid for Jesus]

So you are not facts driven, you are driven by your theological view.

Thats fine with me, but the real trend in our real world does not support that, now. And this is not a theological thread.

The facts are there for anyone with eyes to see and ears to hear.n. If you do not want to believe what is written, that is your prerogative.

 

[HARK!]

MOD HAT ON​

Now, now, Y'all, let's play nice. This is a great thread. Let's not ruin it by getting personal. I can see it from both perspectives, and it seems that things aren't always what they seem. The evil one does this on purpose. Let's remember that we are loving Brothers and Sisters in Yahshua.

MOD HAT OFF​

 

[DaisyDay]

It's not a free market. A manipulated market is not a free market. The rest of the world is frustrated with being manipulated.

The economies of many nations are being, or have been, destroyed by the usury of the Federal Reserve Note.

China is lifting up the economies of many of them, with money swaps.

When all else fails; go to war.

An unregulated market is a thieves' market.

 

[HARK!]

An unregulated market is a thieves' market.

A manipulated market is a thieves' market.

 

[DaisyDay]

A manipulated market is a thieves' market.

Unregulated markets are easily manipulated by thieves with little to no repercussions on the thieves.

 

[HARK!]

Unregulated markets are easily manipulated by thieves with little to no repercussions on the thieves.

What happens when the thieves, who are manipulating the market, are funding the elections of those charged with regulating the market?