The USD is the accepted global standard currency. Most of the money the Fed prints actually leaves the country and is held by foreign countries. This is part of the reason hyperinflation hasn't occurred on a scale equal to the Fed's currency printing. Once the USD is no longer trusted as a safe asset to hold, foreign countries will look elsewhere for a safe haven (precious metals, etc) and US currency will suddenly come flooding back into the US, and at that point the dam will break and hyperinflation will run wild.
And this is why Trump and co have not made many overt moves on the stolen election yet. They want this whole demonic system to come crashing down on top of Biden and the swamp. Does a demolition man stand inside the building when he hits the plunger?
If you have cash laying around, long term it's always better to hold gold or silver instead of cash. Cash loses value constantly, even in good times. Gold and silver's main function as an investment is as a hedge against inflation.
An ounce of gold will buy almost as many loaves of bread as it would 100 years ago. The buying power doesn't change much. By contrast, $1 worth of goods in 1922 costs $16.89 today.
Any cash you don't need for living, anything you consider "savings" would be better placed in precious metals.
But don't convert any funds you might need access to. The premiums when buying and selling will bite you.
Bottom line, if the US dollar start to tank, you want to be holding anything but cash.
" They don't have anywhere near enough gold to cover the trillions of US dollars that will come flowing back in." I'm confused or ignorant, thought the USD hasn't been redeemable since 1971, when Nixon took us off gold standard, and then into petro $s in 1976 ish?
No you're right, the way I worded that seemed to imply there is still a gold standard and was totally confusing. Not sure why I wrote that, sorry. Late night/early morning post when I should have been sleeping.
The point I was trying to make was that as confidence in fiat currencies and the USD falters and gold becomes more attractive, countries will pull their gold from the Federal Reserve Bank vaults (which some have alleged is not all there) to hold physically, and return the trillions of dollars they hold in Treasury Securities back to the US which will cause rapid devaluation of the dollar.
Great video, probably one of the more simply effective presentation I've seen, I'll be sharing it with my non-economic friends. Here's some interesting insights to what's been going on at "the fraudulent reserve" lately. John Titus worked with Catherine Austin Fitts documenting the great heist.
https://m.youtube.com/c/BestEvidence/videos
Well said, Been there, done that myself. I see the logic and understand the reasoning in the rest of your post, that part just didn't fit. Tks for the link, keep up the good fight.
Yep. It’s all planned and you’ve heard it before. You are watching the collapse of the OLD GUARD and the cabal banking system backed by nothing but debt. A cabal banking system privately OWNED by the Rothschilds, JP Morgan’s et al.
GOLD will destroy the FED. Q
You are witnessing/watching the systematic destruction of the OLD GUARD.
What's the significance of Russia using gold? Is there any likelihood that the American dollar will become useless?
The USD is the accepted global standard currency. Most of the money the Fed prints actually leaves the country and is held by foreign countries. This is part of the reason hyperinflation hasn't occurred on a scale equal to the Fed's currency printing. Once the USD is no longer trusted as a safe asset to hold, foreign countries will look elsewhere for a safe haven (precious metals, etc) and US currency will suddenly come flooding back into the US, and at that point the dam will break and hyperinflation will run wild.
And this is why Trump and co have not made many overt moves on the stolen election yet. They want this whole demonic system to come crashing down on top of Biden and the swamp. Does a demolition man stand inside the building when he hits the plunger?
This must be very soon as Biden is on his way out.
So what I'm asking is... am I supposed to turn my entire savings account into metal right now?
If you have cash laying around, long term it's always better to hold gold or silver instead of cash. Cash loses value constantly, even in good times. Gold and silver's main function as an investment is as a hedge against inflation. An ounce of gold will buy almost as many loaves of bread as it would 100 years ago. The buying power doesn't change much. By contrast, $1 worth of goods in 1922 costs $16.89 today.
Any cash you don't need for living, anything you consider "savings" would be better placed in precious metals. But don't convert any funds you might need access to. The premiums when buying and selling will bite you.
Bottom line, if the US dollar start to tank, you want to be holding anything but cash.
Thx
Once the system crashes what happens to gold price? Up or down? Impossible to know?
Keep back enough to pay bills.
Extra money you don't need,invest in silver. It's a pretty jacked up/ shorted market. Longer term should be very good.
What does jacked up shorted mkt mean? It's expensive right now?
" They don't have anywhere near enough gold to cover the trillions of US dollars that will come flowing back in." I'm confused or ignorant, thought the USD hasn't been redeemable since 1971, when Nixon took us off gold standard, and then into petro $s in 1976 ish?
No you're right, the way I worded that seemed to imply there is still a gold standard and was totally confusing. Not sure why I wrote that, sorry. Late night/early morning post when I should have been sleeping.
The point I was trying to make was that as confidence in fiat currencies and the USD falters and gold becomes more attractive, countries will pull their gold from the Federal Reserve Bank vaults (which some have alleged is not all there) to hold physically, and return the trillions of dollars they hold in Treasury Securities back to the US which will cause rapid devaluation of the dollar.
https://capitalgoldexchange.com/why-are-countries-pulling-their-gold-out-of-america/
I can't explain things nearly as well as Mr Mike Maloney....
https://youtu.be/iFDe5kUUyT0
Great video, probably one of the more simply effective presentation I've seen, I'll be sharing it with my non-economic friends. Here's some interesting insights to what's been going on at "the fraudulent reserve" lately. John Titus worked with Catherine Austin Fitts documenting the great heist. https://m.youtube.com/c/BestEvidence/videos
Well said, Been there, done that myself. I see the logic and understand the reasoning in the rest of your post, that part just didn't fit. Tks for the link, keep up the good fight.
Yep. It’s all planned and you’ve heard it before. You are watching the collapse of the OLD GUARD and the cabal banking system backed by nothing but debt. A cabal banking system privately OWNED by the Rothschilds, JP Morgan’s et al.
GOLD will destroy the FED. Q
You are witnessing/watching the systematic destruction of the OLD GUARD.
POWER WILL RETURN TO THE PEOPLE.
Q
Yes, which will usher in GESARA. This is why everyone should start converting funds into precious metals.
yup this exactly {the american dollar cant say but the federal reserve note will be toast}