Assuming we cripple the fed and end up on a gold standard again, how do you view the transition occurring?
Mu h discussion about ending debt, taxes.....etc, but how does joe bob with a mortgage, car payment and credit card with a few grand under his pillow make out and square up?
I was wondering. All the money we print is paid to the Fed Reserve. Do we owe anything to anyone? Serious question as it seems we would need to step away from it, declare we owe nothing and find another form of currency backing.
There will be some turmoil swapping to gold, but Im not sute how it will be valued. Will it be valued on actual cash in circulation?
I think the simple method is keep as much cash on hand and out of the banks as possible. Convert to commodities where feasible and hold till the dust settles.
If you do invest Id suggest things that the US controls a large market share of. And companies that are US owned.