EDIT: Thank you so much for your comments and questions everyone. There are so many people around me who don't get the magnitude of this situation. Seeing the number of you discussing this on here gives me spirit and strength! All it takes is for people to Question what is happening. Discuss it with your family and friends. Plan and act accordingly.
https://files.catbox.moe/le9u1j.mp4
WWG1WGA!
The Fed Is Getting Ready For The Next Crisis | Uneducated Economist
https://www.youtube.com/watch?v=deNbya8rpEg
https://files.catbox.moe/0urb6v.mp4
The Federal Reserve Will issue their CBDC with the introduction of FedNow expected to rollout the middle of 2023.
Technology, Innovation, and Financial Services By Governor Michelle W. Bowman
https://www.federalreserve.gov/newsevents/speech/bowman20220817a.htm
https://archive.ph/NrLay#selection-5023.444-5023.544
About the FedNowSM Service
You need to understand what CBDCs are and how they are different from crypto and decide which one you will allow.
CBDCs Vs. Cryptocurrencies: Side-by-Side Comparison!! | Coin Bureau
https://www.youtube.com/watch?v=Vb1Y760Sazc
https://files.catbox.moe/rryjup.mp4
This Is How They’ll Convince America to Adopt a CBDC | Heresy Financial
https://www.youtube.com/watch?v=EtNxyQMN76Y
https://files.catbox.moe/hxxmuj.mp4
Crypto Holders WATCH OUT!! THIS Is The Future THEY Want!! | Coin Bureau
https://www.youtube.com/watch?v=To5ek8F7zIQ
https://files.catbox.moe/zwgmb0.mp4
u/#q2619 Trust the Plan.
God I hope we return to sound currency. The level of criminality, misery & wealth stolen by Canaanite International banking death cult cartel is astounding.
Yeah but that dont say anything about how we will buy and trade off that gold backed currency. Very well could be gold backed digital.
You can't trust a bank or institution to hold on to your gold. Therein lies the problem.
You could have precious metal coinage but no banks
You could have a gold-based crypto stablecoin but if it is backed up by an institution holding the gold, you have to trust that institution to not lie and take everything for themselves... Not impossible, there may be some system we come up with a DAO but it's very unclear right now.
"If you don't hold it, you don't own it"
Just say no to counterparty risk, kids!
Exactly. Non-custodial is always the way to go (meaning an institiution can't take custody of your assets).
So when do we find out this whole show is going to roll so slow that we'll have CBDC (2023) and social credit scoring (2024) until Trump actually gets voted into office in 2028 and brings back paper money?
(Aug-21-2022) 41% of COMEX gold vanishes overnight
https://www.investmentwatchblog.com/41-of-comex-gold-vanishes-overnight/
(Aug-17-2022) Comex Inventories Plummet - Is A 'Vault-Run' Underway? https://seekingalpha.com/article/4535043-comex-inventories-plummet-is-a-vault-run-underway
https://nitter.it/KATAL80703734/status/1561290344763129857
(Discussion) (Aug-19-2022) You have been reading about gold leaving the comex vault, but is it really significant? Yep, the Comex has a gold kilo vault and yesterday (Friday Aug-19-2022) 41% of their gold said bye bye and left.
https://teddit.net/r/Wallstreetsilver/comments/wt6llu/you_have_been_reading_about_gold_leaving_the/
(Aug-22-2022) Comex registered silver falls below 55 million oz mark as 680,000 oz depart registered and 540,000 oz are OUT OF THE VAULT.
https://www.teddit.net/r/Wallstreetsilver/comments/wv39db/comex_registered_silver_falls_below_55_million_oz/
(Aug-19-2022) The comex vault drain continues with 2.1 tonnes of gold out of registered and 2.3 tonnes OUT OF THE VAULT. Silver sees 730,000 oz moved OUT OF THE VAULT.
https://www.teddit.net/r/Wallstreetsilver/comments/wsnvcx/the_comex_vault_drain_continues_with_21_tonnes_of/
So where is it going? It's impossible to just up and vanish. If COMEX doesn't know where the fuck their gold is going, then we have bigger problems. Furthermore, WHY it is happening is another issue.
A lot of people speculating its a gold run. It's suspected many smaller holders that keep their gold on COMEX are all taking it out and the COMEX has been fudging the numbers for awhile... 41% taken out in a single day is crazy, not sure if it's reported to COMEX advantage or they were backed into a corner.
I had always heard that there wasn't enough gold held by Federal reserve to cover the U.S. dollars they print/have printed/digitally create, etc. I just did a quick look, and they appear to have well more than enough. If you go by current world price of gold at ~$1600/ounce, there is 261,498,926 ounces of gold held by Fed, totalling ~420 trillion dollars. The total Fed reserve dollar currency in circulation, held in banks, etc., is ~2.2 trillion dollars. At the fixed price of ~$42/ounce, the total value of Fed gold is ~10.9 trillion dollars. Based on this look, the Fed has had more than enough gold to cover the currency all along, and up until recently, was a ridiculously large amount of gold relative to value of currency. You can view the numbers here: https://www.fiscal.treasury.gov/reports-statements/gold-report/21-02.html https://www.federalreserve.gov/data/intlsumm/current.htm
Can we trust them to tell the truth though? Who is auditing the Fed?
And he who doesn't have the gold can take it by force. Its not that easy to hide gold in an apartment or suburban neoghborhood home near a city.
A safe is a dead giveaway.