Powell: “Rapid changes are taking place in the global monetary system that may affect the international role of the dollar”
(theconservativetreehouse.com)
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We all saw this coming. What’s the most stable currency of the big 4? Russia. Backed by gold. Hold on pedes.
With the bleeding the stock market and crypto has been doing over the last couple of weeks, consider the following:
Russia is the first country, since Nixon "temporarily halted" the convertibility of dollars into gold, to back their currency with gold once again (it's not a full backing, but it's better than nothing). The time of the petrodollar has come to an end
The "Meme stock" saga has taught people many things, but the most important lesson is that: you don't actually own your stocks, but an IOU. Which you then have to redeem in the Cabal-created stock exchange through a brokerage. Hence the reason for Direct Register and "taking ownership". And the old saying, "If you don't hold it, you don't own it"
The WEF wants people to "own nothing and be happy" - a key component of the Cabal plans for humanity
The US Constitution states, Article I, Section 10: "make any Thing but gold and silver Coin a Tender in Payment of Debts"
Gold and silver have a 3000 year+++ track history of being valued by societies across the globe. Value has never been worth "zero". Fiat currency (backed by "faith") can go to zero. Historically, every single fiat currency has gone to zero. The US dollar is backed by nothing
The US was using a bimetallic gold and silver standard up until 1873. Research "The Crime of 1873" for a better understanding, but after that year, we went to a gold standard. Conveniently funneling money into the hands of the elite
Gold and silver are God's money
There's a couple more points I could add, but this about covers most of the major ones. We don't know what's going to happen after The Great Awakening occurs, but I'd rather hold my wealth now and sleep soundly until that day comes to pass.
All good stuff, but don't forget the effectiveness and logic of Lincoln's Greenbacks during the Rebellion. That paper currency wasn't exactly based on anything physical, not gold or silver, and yet it worked economic wonders during the most chaotic time in our history. Why? Because the currency wad backed by the government, and people trusted that system. It still all boils down to trust. Sure, if people trust that gold and silver "works" because it's "always worked as a standard" (has it though?) then it can work, but it's not because of the physical element itself, but the psychological aspect of how a person and within a collective, view it as operating within a trusted system.
Trust. Faith in the system, whatever system might entail. No trust, no faith, makes for fear, panic, chaos.
The problem is that Cabal has been infiltrating systems, governments, groups of people to undermine them and sow distrust/chaos. And they've been doing this for hundreds of years, if not thousands. Yeah, greenbacks weren't a terrible idea for a stopgap solution, given the issues Lincoln had to deal with at the time. The issue with any faith based system (government says this piece of paper is "valuable") is that the fiat system was created by man for an intended purpose: to make the value go to it's intrinsic value, which is zero. The bill of goods is always purported with "good intentions" but we see where that road leads us to...
We start out with an honest system (gold and silver) but it becomes corrupted and subverted over time, to what we see today. So yes, bimetallic system has worked, but thanks to Cabal efforts, it is subverted by the godless, and turned into garbage.
Humanity has always valued (how much value can be argued, no doubt) gold and silver as it meets the very definition of "money". If we can't value gold/silver as a means for exchange, then we just devolve into power structures and who has the biggest monopoly on violence.
edit: I see your comment further down in response to u/rooftoptendie's question for what to "invest" into. And I absolutely agree with you 100% there. Becoming self-sustaining is a wonderful investment, which hearkens back to why the US was founded in the first place. We still need a medium of exchange and that's where gold/silver comes into play.
If we were going to be living out Mad Max, then yeah, I wouldn't be investing into anything but food, protection, and being able to be independent of the "system". But that's where Q comes in and is telling us we're not going to devolve into complete chaos and civil war.
Those Seward greenbacks were issued by the US government and not by the private fractional reserve banking system. It was this reason probably more so than any other that the assassin Wilkes Booth was commissioned to murder President Lincoln.
There you go again with that bullshit. It's pretty clear he's not making the point that the greenbacks were "sound or right", but that people foregone the idea of PM backed currency and "trusted" the government at that time and didn't learn the lessons of the president's before about preventing the establishment of central banks and government owned wealth. On the contrary, he's proving your point. And to add, yes, he's 200% correct. Before we had currency, we had TRUST. To fix the money, you have to fix people's ability to trust in each other
Those are great points. As an addendum gold has ALWAYS had good value and its value has has not really changed in over 4000 years. In Roman times, it was said an once of gold would buy a very good suit of clothes. Gold ihas shown itself as being God's currency.
Throughout history all paper denominations ended up being worthless.
100% fren, thank you. And back to your example from Roman times, a day's wage was about 1/10 of an ounce of silver or about the size of a dime. To tie that back into the bigger picture, a quote:
“Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants – but debt is the money of slaves.” ― Norm Franz
Sounds quite right. They knew.
The current crisis is man-made, and the BRICS countries have all necessary tools to mitigate its consequences for their economies and the global economy as a whole,” Siluanov said. (
Man made = deliberate as in economic warfare.
Watch the ruble. It's rising, u.s. dollar sinking. When equal. BOOM
...truth....
Bill Holter said the ruble will peg 1 : 1 to the FRN and as of today, it is 54 : 1, just last March it was 130 : 1 ( tradingeconomics.com/russia/currency )
Ya THINK?!!!
I'm not an expert on that stuff, but even I could see that coming.
...doggy winks...
...but surprisingly "they" are actually talking about it....
"They" are talking out loud about a lot of stuff. I surely never expected to see them show their hand as blatantly as they've been doing since they started the virus mess.
...that is what has me on edge...
...they no longer feel the need to be covert in their subversive behavior....
I actually think it’s because they are running out of time. It’s a good sign, shows that they can no longer afford to be so covert. This is terrible for their agenda.
...optimistic people are fun to be around....
I’m a realist Ashlanddog… don’t ever forget it. Will get worse before it gets better but we are winning BIG LEAGUE!
...I pray that your observation proves to be prescient....
Agreed, reckless demonstrations of it.
I'm sure that's part of it, but I think some of it is panic-driven sloppiness. There may also be an element of how well the sheep responded to the virus hysteria and how easy it is for them to get the stupid to take up the 'current thing'; i.e. there may be an element of being drunk on their own power.
...the word "hubris" comes to mind....
This is self inflicted... These people hate the United States.
Soon, any fears of toilet paper shortages will be allayed.
Food, guns, bullets... things necessary for self sustainability and survival
Physical assets and equipment you need and expect to be scarce. Beans, bullets, heirloom seeds (fruit produce viable seeds for next crop). Stack, suppressed metals will only stay suppressed so long as the manipulators run free and hold sway. Distillation and brewing tech very worthwhile.
All derivatives will fall back into gold eventually. Considering this, gold may not be as high as you think right now. https://youtu.be/6-kAz2dnN5Y
You are making the best investment right now, acquiring knowledge and communion. Invest your savings in whatever allows you to obtain more knowledge
...valid observation....
Good quality paper. Could probaly wash and reuse, high linen content. Feel better about it if they had redone the 20 like they planned.
u/#howl
I put this comment in the Q Daily Delta thread but probably better off in this thread:
Part of me believes, and it's growing every day, that we're going to be enduring this shitshow until 2024 based on JPows remarks. If Fedcoin CBDC isn't ready to go yet, then we might be waiting until this time next year for the final debt based enslavement to go into full effect. Credit Unions abolished and only "approved" big banks can deal in the CBDCs.
But it could be just like the VAX and "warpspeeded" into play in a number of months. Trump accelerated the DS timeline, which in turn, is causing them to be more blatant about their lies and plans - they don't have time to slowroll things anymore. The stock markets don't feel like they are going to be able to stay afloat for another 10+ months either.
Absolutely Tendie. Consider that none of us have lived through the Great Depression, we're about to find out how wild things will get lol.
Russia and China, basically all of the BRICS countries really, have all been stacking gold and accelerating their purchases. They all know what's coming :). See my other comment piggybacking off the top comment.
Filed under "Distinct Possibilities"....
Having read every comment I get that 80% of people still dont get the financial shit. Here is my simplified version of today,s markets.1. Every country needs oil gas etc for power. 2. US was self sufficient even exporting under Trump. 3. Thanks to Biden shutting down the Keystone Pipeline etc etc the US is running out of energy. 4. So all the countries that have it will not sell it for worthless US dollars. 5. They want Rubles or Gold .This will bring down the petro dollar system. 6. This will be good for everyone.7. This will take down the cabal.
Please, please, please, I beg of you, READ about the pipeline. This line is old and tired and has been debunked on this site a million times… the portion of the pipeline that “shut down” according to the less educated here, was never actually functioning… it was a new line that would decrease delivery times marginally in 2024, the legs that were functioning 2016-2020 are still functioning today. Any price instead from the halt of keystone pipeline construction is speculation, not real increases cost of delivery. There are so many problems with our current energy production but the keystone pipeline literally have nothing to do with it.
As for the ruble, let’s see how it looks a year or two from now before we start proclaiming it the savior. It’s not being lended out which is giving it artificial strength, which leads to some of their exported goods being priced out of international markets (China is already manipulating the exchange to try and compensate for this problem, but other countries obviously won’t be so kind). The war may be inflating their currency value today, but if they lose China as a trade partner they are in massive trouble.
He did repeal leases and stopped a lot of pumping domestically. Even with the pipeline deal Biden did a lot to cause these issues.
I agree, but the pipeline is a such an overplayed line that has no bearing in reality.
No, it moves the flow from a round-about path through ND and SD to instead flowing through Montana to A meet up in Nebraska.
https://en.m.wikipedia.org/wiki/Keystone_Pipeline
Okay, and?
FOOL
Mmm Silver 💕
No you F WIT other countries have long known that toilet paper had more value than the US dollar or any other fiat currency so to speak. This has nothing to do with adopting a digital method but everything to do with telling the bankers where to go. Thanks to Russia more and more countries are saying F OFF. BRICS is too big now. We could rename it . By the time every country has a letter it could be. SUPERCALAFRAGILISTICEXPEALADOCIUOS.
Sorry my comment was related to Powell not the poster. Maybe some people did not watch the vid.
Riddle me this... if BTC or ETH or DOGE drops to $0.0000000 USD, does that actually mean that the coins are all "worthless" or that they have no "value"? What is "value", who determines what has "value" and how do they come to such conclusions?
You buy a house for $1,000,000. The next day, the $USD crashes to "nothing." So is your house worthless? Of course not. In fact, your mortgage is now paid off in full. It was "worth" $1,000,000 right? You owed $1,000,000 right? Well, now $USD = 0. Holds no monetary value. You could give your lender $1 and that would be more than the theoretical "value" of the house, since $USD = nothing right?
Your house still holds value as an asset. Somebody else might want it and will offer something to you for it in exchange. Maybe they'll offer you a few gold bars. Maybe they'll give you 20 BTC. Up to you to determine what you're willing to take in exchange for your property....
The USD is nothing more than monopoly money. It's no more inherently valuable than your gold bar, which is no more inherently valuable than your digital token. Trust and faith in a system is what determines accepted standards of value.
Indeed. Oil is quite valuable. Virtually the entire world runs in it... without the fuel to keep things going... after all, Americans are paying historically high prices for it these days. Yet for some reason, even tons of oil based comoanies are still getting crushed on the stock market... doesn't that seem a bit, odd?
And yet logic would dictate that when most people see the price of something rising, in this case oil, then they'd rush to buy stock in oil-centric companies as their ability to generate greater revenue due to high demand and inflated prices, would be an indicator of said company's continued success... now if the price of oil was tanking like crazy (oversupply and not enough demand), cause prices at the pump to drop, companies making less profit, then it'd make sense for investors to sell of stock at lower prices to get what they can out of it while they still can...
Not arguing that massive manipulation and conspiratorial efforts aren't taking place, they obviously are, but all of this completely destroys any notion that the "markets" follow any sense of logical investing strategies. Apparently gone are the days of people putting their money on a company simply because they believe in that company's future success and increased profits and worth, thereby increasing the value of one's stock in said company... now it's just all psychology and shenanigans
Retail investors still do put money in the companies they believe in, the problem is that 1) institutional investors have no such ties and 2) retail investors are fickle, they trade at the drop of a hat, Exxon is reporting record profits yet the stock is largely flat to 6 months ago, why? Because retail are too scared that next quarter will be a bad earnings report even though every fundamental one existence rates the risk of that occurring extremely low. They don’t have any sense of how financials work and want to make a quick buck rather than invest in long term strategies. My money was all made in Apple and Microsoft, I bought their products, I used them at work, I bought their stock. My father made 10x as much because he didn’t sell everything until it was necessary.
...a house is brick and mortar...
...bitcoin is pie in the sky....
Speaking of BTC... have to wonder now if that ~$17k support that was hit yesterday was its bottom... hmmm premature 🚀 🤔
...give it 10 days....
Yup. Either rocket to $30k or down to $10k. Buckle up buckaroos
BTC is one of many forms of digital currency,
The vast majority of Americans and those living in the developed world have been using digital currency (or more accurately, digital accounting notes) everyday for well over a decade, without even thinking about it.
Future of currency is already here, in fact it's been here for years... some people just very slowly waking up to this reality.
Good dogs buy the dip. Howls...
...I got out at $20,000...
...doggy winks....
Hopefully didn't get hit with the short term cap gains "tax" (theft). Great time to get back in now 🐶🐶🐶
...I have wonderful accountants and tax attorneys...
...I make it, they help me keep it...
...I am going to give it 10 days to two weeks and see if the dead cat bounces....
1 BTC has always been worth 1 BTC
You're confused about a few things:
Crypto has no intrinsic value. A digital token in an extremely slow and inefficient database is fundamentally worthless. Same goes for the dollar since it went off the gold standard in 1971. Anything you can conjure out of thin air by the trillions is worthless.
Gold is different. It has value thanks to its unique combination of physical properties that make it the closest thing to a theoretically perfect money the world has ever seen. You can't print gold or change any of its properties which is why it's retained its value for at least 6000 years. Like JP Morgan said: "Money is gold, and nothing else."
Everything else has value thanks to its utility: a house you can live in, land you can farm or build on, a stock gives you a share of a company's productivity, etc.
In the short term the system works on trust but in the long term it always resets back to fundamental value which is why all fiat currencies die within about fifty years and why crypto is imploding to nothingness.
You're confused about the concept of "value" itself..
Gold and silver are pretty, but you can't eat either, can you? Tulips were also very pretty.
"But the physical properties of metals like gold and silver!" Like what? Conductor of energy? Cool. Water does that too. Most plentiful resource on earth. But gold and silver are still very pretty.
"Scarcity. Can't fake it!" Never heard of fools gold eh? If you've not watched the show The Endgame, would be worth your time. Spoiler, what about that "gold" at the FED bank? Hmmm... when's the last time you've seen our alleged gold reserves at Ft. Knox, let alone touched any for yourself? The idea of there being gold though, now we're getting somewhere... all a mindgame, all psychology my fren.
I'm not confused about anything, the concept of value is very clear.
Any object used as money requires a certain combination of properties. Any one property is not enough, it needs to have all of them. Anything that doesn't, such as crypto or paper or seashells or cattle or salt, can have temporary trust-based value but not long-lasting intrinsic value as money.
These properties include:
Rare but not too rare. You need enough for everyone but not enough to pick it off the ground or digitally conjure it out of thin air. Gold fits the bill. Mining it is expensive and hard work and that limitation is physical, not artificial like in crypto.
Easy to work with, such as smelt or smith. Gold fits the bill. Palladium, platinum, rhodium and many other similar expensive metals don't.
Fungible, every piece needs to be the same and interchangeable. Gold fits the bill based on point 3. Diamonds for example don't.
Store of value. It needs to last and not be used up, worn out or tarnished. It needs to be dense in value for easy storage and transportation. Gold can sit in ocean water for 500 years and come out looking like the day it went in. Gold can be caught in a fire and be fully recovered. A handful of gold coins buy a new car even today. Gold fits the bill like nothing else.
Easy to recognize and verify. This is where the "prettiness" and long history of gold comes in. Gold is easy to recognize and fakes are quickly spotted using simple tests. A farmer in rural India knows what gold is and knows its value while the average layperson in the US can't explain what crypto is. Gold fits the bill.
Notice how conductivity or any other industrial application is irrelevant here. In fact, based on point 4, industrial uses are a drawback for use as money as they consume the supply. Money needs to sit still and hold value and there is nothing in the world that does it as well as gold does. Can't eat gold? Can't eat dollars either but you can buy food for gold when paper money turns worthless overnight, see the Serbian civil war. There's a reason government vaults are full of gold while they're telling everyone it's a useless relic and printing paper fiat like there's no tomorrow.
Oh, and I can touch my gold any time I like.
You’re assuming people still see value in gold following the end of the paper money. You named ways it can be used and it’s durability but no reason for why it would retain value to the people. If the dollar collapses (likely the world collapses as well) so what banks will be there to hold the gold? Farmers are going to just take on massive amounts of gold for their food? They can’t turn it into anything so they will just keep massive reserves? We’ve seen currencies collapse before, how much golf was traded by the people during those times?
Mini smelters for everyone! 😂
"not long-lasting intrinsic value as money."
All of the materials you listed in the preceding sentence were used or are still being used, as money (or currency). "Money" is merely a physical medium with perceived value used to conduct transactions. What you should have said was, some materials are better suited to be used as money than other materials, because that's what you continue on to argue.
The 5 properties you listed are all reasonable attributes that some would expect to look for to trust that material as a form of currency. However, some of your assertions and assumptions are not exactly on par. First, you assume that "gold" is rare. Is it? Humans keep finding it, despite all these years of mining. If you truly wanted to keep it rare and stop the value from fluctuating, mining should cease, or be banned, right? You think that mining crypto is easy and cheap? You must really not understand much about the crypto mining process. Easy to work with? Crypto doesn't even require smelting or smithing, making it far easier to "work with" than physical metals (might want to rethink this property as being a good attribute). Fungible? Quite in the contrary... sound money should be non-fungible, as in, not easy to reproduce or alter its nature, or copy (counterfeit). You should really do some more research on blockchain technology. Actually, not even going to hit on the last two pounts, as it's evident you don't understand much about digital currency (or "crypto"). Just here peddling... https://youtu.be/sr0gNJ090JA
"There's a reason government vaults are full of gold..."
They are? How do you know? You seen it? Touched it? Bit into it? You just THINK it's there. You BELIEVE it's there.
https://youtu.be/DZqy4RdfGDE
"printing paper fiat like there's no tomorrow"
Yes. This is a massive problem and the ultimate cause behind inflation... hits on that issue of fungibleness and reproducibility.
"Oh, and I can touch my gold any time I like"
And I can touch my dick any time I like... doesn't mean that anyone else is also going to want to touch it as a means of transaction for goods and services 😜
You're still missing the point of this entire thought exercise. What is money, actually? It's what people collectively decide it is. If 70% of the world woke up tomorrow and decided that our ancestors were idiots for using shiny metal objects as currency, just like using seashells, beans, sticks or tulips were eventually declared stupid forms of currency, then what of your gold and silver? The point is that there's something far, far more essential when it comes to currency than the physical nature or attributes of the proposed material.
Regardless of the physical object, the value of all money, all currency, is dependent on psychology. The mere idea behind crypto is currently up-ending the long established accepted views towards currency, financial institutions and monetary policies. And that's why it poses such a threat to those in control of it all, and who have been for the all of history. Don't take this as financial advice. You clearly love your metals because "they've always been used". Not saying that's not a good reason to trust metals. But it's not a great reason to doubt digital currency, which has already taken over the developed world for the past 10-15 years. "Crypto" or rather the blockchain tech behind it, is just an essential security upgrade in the evolution of digital currency. It's not going to be stopped.
"Cool. Water does that too."
You're confused... water does not conduct electricity... the impurities in water do.
"Gold" in that context could be interpreted as "dirt" or "goods" as in, "we have the dirt" or "we have the goods".... the TRUTH about the FED is what destroys the FED.
...there is one property of silver no one knows about or talks about and that is it's isotopes 105 and 107 and they are unique in the science of elements and will play a huge role in the future of woo
I told people from the start that covid was bullshit and the jab is poison and I was right, I've been telling people that the dollar is going to totally collapse and a new financial system is coming and what do you know they're not listening again and said that's impossible...
"time the avenger"....
The problem with gold is its rarity. Trade goes up and down and if there is more trade to be done than gold available to facilitate it then there's big probems.
Where is our gold?
...the fallacy about going back to the Gold Standard is there isn't enough gold to capitalize the transfer of debt....
...what will need to happen is some hybrid "Commodity" based standard to be initiated....
This is just an excuse for them to make a digital dollar. He even referenced it in his statement
...exactly...
...that is also the reason that bitcoin is tanking...
...we don't need no stupid competition....
...ouch....