Q said gold will destroy the Fed. It might be happening, as the BRICS leaders announced a gold-backed monetary system today. The end of the US $ as reserve currency is approaching.
Although we are looking to the rainbow on the other side of this storm, during the transition we in the US can expect financial hardship like we've never seen before. Hyperinflation is a very real possibility.
There are many questions to ask, answer and discuss. I encourage Anons to share their insights. Here are some starter questions that are on the mind of many (and I don'thavethe answer)
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If we have hyperinflation, how does it actually work? Suddenly there will be $10,000 bills, but how do you get them? Do you go to the bank and turn in your $100 bills and get $10,000 bills (or whatever the new denomination is)?
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If you have been stacking gold and/or silver, how do you use it?
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If you have a mortgage with a fixed rate, can you pay it off with new denominations, or does the amount of your mortgage increase to reflect the new denominations?
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Is it wise to max out a credit card before hyperinflation because you can then pay it off with hyperinflated dollar denominations?
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What does day to day living look like?
There's no doubt that BRICS could bring down the house of Rothschild's fiat monopoly. And if this did happen and BRICS becomes the preeminent currency in the world, it doesn't necessarily change the landscape of our slavery. BRICS is likely to be digital too. Envision everything we are seeing with digital transactions, but with a new 'owner' running it.
What does BRICS mean when it is based on 50% gold? In terms of the banking system, it means the banking reserves are set up differently and gold is part of the reserve. Will the gold be shifted around when one nation demands it? That is a good question and we'll have to wait, if ever that occurs. The FRBS moves gold too, even when supposedly the FRBS is not based on gold (It really is).
To the lay person like you and me, the 50% reserve requirement for BRICS could in time repeat the same antics as FDR did with the gold confiscation scheme. To me, it's all uncharted waters. And not necessarily a better system in terms of the lay person like you and I.
I think it's eerie that BRICS is looking to add Argentina, Egypt, Iran, Turkey, and Saudi Arabia as members. This will make BRICS membership a 10 nation behemoth. Biblically speaking:
Do the 10 nations appoint BRICS chairs to the BRICS table? Do they receive "one hour of authority as kings"? It might mean nothing at all, but BRICS does include China and with their social credit scoring system. I don't see this going away under BRICS.
Interesting insights. And that Bible quote... yikes.
I did see in an article that there were 41+ countries applying to be part of BRICS. It's in a Zerohedge article... https://www.zerohedge.com/markets/gold-standard-back-brics-intro-gold-backed-reserve-currency
I believe what the BRICS 10 nation means is it represents the core nations running it. Perhaps, it changes to other nations, but it's always 10-nations determining the system.
You are correct, but unfortunately you missed the beginning of the thread, in which I said: