Russia returns to Gold standard
COMEDY GOLD
https://gettr.com/post/pxya2e29ae
The government will abolish the VAT (tax) on bullion. This Bill will go to the State Duma on March 4. Going forward - when purchasing gold bars or other precious metals from a bank, the 20% current tax on top of its value will not apply.
This is a way to ensure people can invest securely in something other than the dollar (usually people hold their cash in dollars as the ruble is volatile.)
- Counter sanctions commission. t.me/Whiplash347/94331
UPDATE: Links added
https://mobile.twitter.com/KingKong9888/status/1499010224744644609
I wish Q hadn't said (in one of his AMAs, IIRC) that the Fed would merely be restructured rather than abolished.
I also wish Trump hadn't said we can't go back on the gold standard because there's already too many trillions of dollars in circulation
Although, we now know that anytime a patriot says something we find distressing we can attribute it to "disinfo is necessary" and immediately things seem OK... :)
Last I heard Trump talk on this issue, he said gold was key.
It’s a complicated problem. There’s not enough gold to back the dollars in circulation. You’d have to issue a new currency, which could have a devastating effect on most countries …
...or you can let the price of gold go to where it should be at well over 10k / oz.
I’m just glad someone smarter than me is working on it.
100k
No, the Fed cannot be based in reality
Well technically we're holding Fed notes not US Dollars to begin with.
Correct. Fiat. It’s fake, going back to real money, when every country backs their currency to ours, will be tricky.
There's the potential of a depression flushing trillions of dollars down the drain. But that would wreck havoc on just about everyone.
I’m not smart enough to know the right answer - it’s going to be painful whatever the process.
Not true. That's the feds own spewing. Gold is under valued and whatb Harm does removing something with zero value already. Zero. It will effect nothing to get ridnof the dollar.
“Not enough gold to back the dollars......”
Maybe not at $1900/oz.? What if the price of gold was significantly higher?
Could be
THIS ^^ Hence the price suppression and manipulation. I suspect this is why they now turn to attempt to destroy Bitcoin
Missing the concept. Issue a wholly-new gold "dollar" in coin and certificates and let them exchange with now-discontinued federal reserve notes in a free market. If you want "new dollars," buy gold, submit it to the Treasury, and receive back coin or convertible certificates. (This used to be possible.) It's just another currency. Eventually, all the old fiat currency will have been used to purchase gold on the open market (at increasing prices, so better get to the conversion soon).
Oh, yes. By law, allow the public to opt for being paid wages in old dollars or new gold dollars. Eventually, the gold currency will drive out the paper currency according to how fast the public wants to make the change.
I'm not too worried about "trillions" of dollars disastrously vanishing. Will workers vanish? Will factories vanish? Will resources vanish? No. All that will remain. Billions of stock valuation can vanish in a market adjustment, but we don't see any sudden disappearances of goods or services or assets.
The trick is to start from the gold itself. Let people buy the gold with whatever currency they like, then exchange it for coin or certificates. Let the free market settle the exchange rate between gold and fiat dollars by the pricing mechanism. Keep the government out of that. Similarly, let goods and services have a price in fiat dollars and a price in gold dollars, and let the market sort out which currency will be in preference. Put on this basis, people will rapidly figure out how they want to go.
I heard a program about two years ago that said trump and the white hats had accumulated $35 quadrillion in gold and have a new gold backed currency and economy ready to go when this one collapses. Sure hope that’s legit.
I heard that too.
Wonder if that's what Trump meant by "You're gonna be very very happy"
He speaks in monetary terms all the time
MAGA means great again ECONOMICALLY, not "racially", that shit is so retarded
I assume you mean this:
q#1194
I don't see this as "merely restructured". To me this could very well mean the entire structure of the economic system will be changed.
The Fed is just one of almost 200 Central Banks, all run by the Bank of International Settlements (owned by the PTB). That world wide structure needs to be completely eliminated. There is no reason to keep a Federal Reserve bank. They perform zero valid functions. Literally everything they do is fraud. The entire system (AKA structure) must be eliminated from the face of the Earth.
OK
Still, if he meant the entire structure of the economic system will be changed, then the answer to "Federal Reserve ending?" would clearly be Yes.
Replying "Structure" to that question suggests the structure of the Fed will be changing, rather than the entire economic system.
At the same time, disinfo is necessary. It's easy to see why he wouldn't want to tip off the cabal that their toy is going to be destroyed LOL
You can't just "end" the Fed (I mean you can, but see below). It has to be systematically dismantled. Money is the Federal Reserve Note. Just going in and shutting down the Fed instantly turns all money into dirty paper. There must be a transition to "real money", or some other real economic barter system with multiple intermediaries of exchange (money) first.
The Fed is two things, it's structure, and it's ownership. It is a sovereign entity (like a country/government). The only way to take ownership of The Fed is to declare war on the Bank of International Settlements and take ownership of the whole thing. Once that is done (which may have already been done behind the scenes) then we can rebuild a new economy. If we don't create a transition though (I'm not sure how), the entire worlds economy will completely collapse, it would be quite tragic, maybe people would die as we "figure it out."
All countries monies are just notes from their central banks, which is really just one bank; branches of the Bank of International Settlements. Just imagine what it would be like if all money, all across the world, instantly became worth exactly nothing.
Something tells me Donald Trump is the exactly perfect person to have put in charge of all this and that he's already secured the wealth of the world.
We're "going to be very very happy"
OK
The circulation thing is a fallacy.
Trillions in circulation simply means that the gold will be worth astronomical amounts until the money supply is shrunk or replaced with a new coinage. I.e. crypto.
I wouldn't want to crypto fed notes