THIS ONE IS BIG: Gold backed currency introduce
(www.moneymetals.com)
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”Federal Reserve notes would become fully redeemable for and exchangeable with gold.”
This is exactly what the world needs!
Imho, there’s no way DS would even discuss the issue of redeemability. It puts the power back into the hands of we the people. Therefore, I would give this proposal the benefit of the doubt.
Well, you're right of course, BUT here are a couple of questions: Is this a case of too little, too late? Can the dollar even be salvaged at this point by precious metals? And another: How much gold reserve does America have right now AND how much US currency is out there in circulation? Is there enough gold in our reserves to cover existing currency?
Not an economist here, just an average Joe, but how do these things work anyway? And, how does such a gold standard act retroactively for existing fiat currency?
EDIT: Follow up thought... how long before some stooges in the legislative process say that this idea is "a danger to democracy"?
Some Frens have postulated Trump took the Vatican's gold a couple years ago:
https://greatawakening.win/p/11RO2hdyAU/pope-wants-to-know-where-all-the/c/
https://rumble.com/vfvjov-q-100-truth-lin-wood-destroys-deep-state-cabal-panic-in-dc-pope-francis-dea.html?mref=2hzb1&mrefc=5
https://greatawakening.win/p/13zzRB6jyR/reminder-if-you-didnt-knowvatica/c/
IDK much about money either. But from 30k foot view and knowing Trump's background, I would assume when he intentionally put the US Treasury in the first lien position on the existing debt and essentially folded the Fed into treasury by stacking the board with guys who, on cue (or Q lol), raised interest rates when Biden took up residence, my guess is that he intends for the US to default on the debt and destroy the Central Banks.
I read somewhere (here) the US Treasury has been minting silver coins for some time now, but not circulating. Maybe they are just going to give people the value of what they lost calculated at some pre hyper-inflation point in time, which would be hilarious. Because even if bank debt wasn't cancelled, paying off a 100,000 after hyper inflation mortgage debt would be like buying a loaf of bread. Serves 'em right.
As long as it is like buying a loaf of bread and not eggs.
Would be pretty cool if it happens*** after*** all the other countries finish dumping their dollars and t-bills. And after the banks are nationalized for the same reason.
Hmmm, you may be right, but I would prefer independent banks that are NOT nationalized by the government. Particularly by THIS government. I cannot imagine how much evil could be done if the current government got hold of trillions of dollars of citizens' money.
Probably also needs to be a new bill, which would require exchanging any bills you have tucked away - nice for tracking the people's cash supply.
It’s a good question, whether or not the dollar can be salvaged. I think that fixing the dollar would make the transition less bumpy. But, as you said, it’s not easy to restore the integrity of the dollar, so much damage has been done.
If gold and silver are allowed to trade freely and honestly, I believe their price in terms of dollars will skyrocket. Ultimately, that can (and in theory should), fix the problem of there being too little gold for it to be used as money.
The question of gold reserves is something I often ponder. I live in Finland, and our gold reserves could be stolen already. In the the US, the situation is better. I believe that you have the gold, as Q confirmed. As the saying goes, posession is 90% of ownership. And that is relevant as there is at least dozens of claims of ownership for every ounce. That is something that has to be solved somehow.
Thank you for that very thoughtful response.
Cartels hold alot of illicit cash that doesn't count towards total circulation
Drug dealers here ad well
dollar bills were labeled as 'silver certificates' rather than todays 'federal reserve note'. Nixon really screwed us over taking us off the gold standard, and also with his detente with china. https://www.historytoday.com/history-matters/richard-nixons-opening-china-and-closing-gold-window
Yes, they have tried everything to distract us from the fact that gold and silver are real money.
Nixon was one of the pawns they used, one link in the chain to enslave us.
My FIL saved a few of those. They are in a box with his gold fillings.
Good to know.
Yes, I well remember when dollar bills said "Payable to the bearer in silver on demand" at the bottom.
As a kid, I always wondered what the hell it meant. I haven't wondered for years.
Federal reserve shouldn’t even exist
Yes, central banks are parasitic entities, though they have convinced the world that they’re necessary.
Thanks. I am happy to hear that! Does that mean silver is not useful then?
Absolutely not, imo! I believe that silver will also be monetized again, either officially or through free market action.
Plus, it has a lot of other uses in e.g. tech sector.
Based on how much effort they put into manipulating silver prices, silver might be even more dangerous to the banking cabal. They have a lot if gold in their vaults, but hardly any silver.
Couldn't afford gold so purchased silver. I am glad to hear this.
There’s a post an anon put out today about the TX legislature introducing a bill to roll out a state issued digital currency backed by gold!!!
My brain shut off at "enable the Federal Reserve note"
I literally heard it go * click * as it shut off
I wanted gold to destroy the Federal Reserve
That's why I said research.
First, I don't think the U. S. has 440 trillion $$$ worth of gold laying around, and that is only to get us back into the black. 2nd BRICS s way ahead of us.
If gold is priced at $50k per ounce we have enough.
Looking at the price of gold way back when and if looking at the price now with proper inflation what would it really approximately be valued at?
I posted 50k because that is the figure many economists say it would need to be valued at today if it backed the dollar.
Q said we have the gold. US military saving mankind had to have some form of payment involved right?
What is gold price moves to e.g. $100,000 / oz.?
Probably not.
“Thanks for the dollar, here’s your gold” “Where?” “I just put it in your hand.” “I don’t see it!” “Well it’s just an atom, but trust me it’s there.”
I would like to see the Fed dollar go along with the Fed boys.
about time lets see what happens but with all the demons in DC i doubt it
I hope some of frogs would rip this apart and make sure it is not one of those sound good lies like the Tick Tok Bill. We do not want something as a bandage just to save the FED's butt.
Ya mean like that crazy tic toc bill or the “Patriot act”?
Finding out we all have to give up our gold and silver for the “greater good” would suck.
Yep. They make a lot of good sounding rules only to be bad for us. Obama Care (he only care about his own pocket), Blue Sky Act (pollute more), and you know about the Patriot Act. Thanks.
How about ending the Federal Reserve instead?
There's already local gold-based currencies. Utah, Wyoming, Nevada, and other states have Goldbacks.
I like that idea better. Really.
u/#q3393
Thanks.
I've always wondered if The Fed would return real money to the American people if other countries currency started to compete against the ever inflating FIAT dollar. Just so they could maintain their control. Then once they wipe out the other currencies, they pull the gold-backing again and the cycle continues.
I do understand that this is the third Cabal controlled money so they keep crawling back.
You had me up until the part where they said "Federal Reserve". Most inflation is because of central banks because inflation is how they make their money.
That's why I said frogs need to make sure it's not a sound good but bad bill.
Make the Democrats say no to that. I think even people that don't pay attention to monetary policy, because it is rather mundane to most people, might be intrigued by their dollar being backed by gold. Also indicates to the rest of the world that there are still some adults in the US.
Dems are too stupid to notice things like this. They only focus on gender.
That's ok. We want Dems to continue to worry about how many carbon credits they have while we all increase our wealth in gold backed dollars.
I like that idea. It will be great.
This made me chuckle. Thanks for the early morning laugh!
Welcome!
By the way u/brain_dead - thanks for posting this. It is still vaporware but it is something Texans can actually get behind and push for. It has a real chance.
Thanks. I am right close by Texas now. I also saw something about gold back digital from TX.
too little too late by the Rothschild state.
At least we can talk about it for now. normies still don't know. Hope they wake up soon.
Sounds like a Bretton Woods version 2.
https://en.wikipedia.org/wiki/Bretton_Woods_system
Interesting that the Bretton Woods collapsed shortly after JFK assassination.
Similar story like when the FED was implemented: someone dies - next deep state chapter begins.
Who would go first? Biden wouldn't do it. He is a potato.
I know about the evil Bretton Woods.
Why do you say “evil”? It’s gold standard.
What does “[Unchained Hounds]” in your profile name mean? It’s quite unique phrase and the colour you use. How it’s formatted and why this way? I would appreciate if you helped me to understand.
I said evil because Bretton Woods actually have good intentions but they also established The World Bank and IMF. Those two are very corrupt organizations (or maybe got corrupted) later by the bankers. Good intention might not always work especially when there's no accountability and overseers.
Unchained Hounds mean I am one of the contributors to Unleash from Ashlanddog. something established by the mods.
I wonder how much gold the US is actually holding these days? I believe I recall a rumor that Ft. Knox was emptied some time ago, but that could be simply a rumor. Considering there are approx 20 trillion physical dollars in circulation and due to fractional reserve banking there could be another 180 trillion digital dollars, it begs the question how much would a dollar be worth in gold?
I hate to say it but I heard the rumor also. Yet Q said we got the gold.
Perhaps the gold isn't in Ft. Knox, but it may be under Patriot control somewhere else. Besides, there will undoutedly be quite a bit that gets forfeited when DS folks go to prison.
I would like that!
Why Federal Reserve note? Why not Treasury Note?
I like Treasury Note.
I welcome this with open arms, but I don't see it happening while the Illuminati are controlling the US government.
When the White Hats take power, it should be one of the first items on their list.
I would like to see the Fed and Fed boys go.