I get it that gold is insurance against inflation. And, it's real money in an economic catastrophe.
My question is on behalf of the Anons who may have purchased some gold coins (but lost them in the lake). If we paid $1000 for one 1oz coin, and the US goes back to a gold-backed standard and values gold at $35/oz., that is quite a loss! I am not that is what will happen, but I present that scenario as part of the broader question: What would gold need to be valued at in our fiat US$ currency in order to be the backing?
Any Anons have a sense for the future value of a gold coin in the gold-backed dollar scenario? A lot of people have purchased gold coins hoping that they will revalue north of $20K or $50K to accommodate all of the fiat floating around. But I just can't see the elites letting people get "rich" so easily.
The concept of a "_____ backed currency" is that each unit of currency has a one to one correspondence with the resource that backs it. "Fractional Reserve Lending" confuses this a fair bit, but for now, I will leave that concept alone, since any true resource backed currency can't also have a "fractional reserve."
The smoothest transition from what we have now to a gold backed currency would be to take all of the "money" that exists (Federal Reserve Notes), and tie it, one to one, to however much gold we have. The problem with that, is that it depends on how you consider "how many dollars there are."
I elaborated the problem in this post, and I suggest you read it. The value of gold in a straight across transition to a gold backed currency economy depends on how much gold we really have, and how much money there really is. According to my calculations (numbers derived from the sources in that post), 1 oz of gold would be worth (approximately) somewhere between $150,000 and $15,000,000.
That's not a reasonable valuation. Attempting such a transition would produce such a huge power shift that it would cause MASSIVE disruptions to the market. It would likely start a civil war, or mass murders, or whatever. it's simply too much of a transition, thus, it is a transition system that can't work.
If one were to include a gold backed currency in the market, it would have to be done another way.
I suggest that way is to move to a barter system (in the sense of a truly free market, no "default currency"). Thus many assets could be used as an intermediary (stocks, any metals, any asset that can be tied to a NFT e.g.). In such a system, an intermediary isn't required at all. Things can be done how they were done for thousands of years, i.e. just traded straight across. Barter is a lost art, lost with the concept of a free market. You cannot have both a free market, and a "standard currency." They are diametrically opposed ideas (which is why the Money Magicians moved to an official currency in the first place).
Of course that's too little of an explanation to be meaningful. This is me pointing in what I think is the best possible direction to solve all the problems that exist now, and have been exploited in the past by the Cabal (AKA the Priest Class AKA the Money Changers AKA the Bankers).
hat's not a reasonable valuation... It may be a reasonable valuation but it cannot work.
We have to walk away from the debt based system that we have. The dollar you now own is just someone else's debt.
If you had side by side systems the good money system is the one people would flock to. Maybe that has already started.
What would happen if the BRIC's started a gold based system that American's could easily trade within? Would you be willing to accept 0% interest or maybe even pay a little in service cost to hold currency in an account that is not affected by inflation. (Or just keep it under your bed for no cost). Or would you want 5% interest in a currency that is affected by inflation when you do not know what that inflation will be? Or once again keep if under your bed with no interest and no cost other than inflation?
TRUST.
How do you establish TRUST?
Do you believe in government promises?
What would it take to get you to believe in government promises?
So much corruption everywhere, in everything.
The double-tongues are everywhere (lawyers).
Say what you mean, mean what you say.
Show me a government I can believe in.
There isn't one right now.
Maybe in the near future there will be, but it takes time to establish TRUST.
Be the Josie Wales.
By definition yes, but it's more than that in effect. It is also people's savings. While this "savings" is not a real asset, people currently believe that it is. That belief is important in how people will react. It is also the effective measure of a persons work. It is the measure of the trading value of other real assets. In order to transition without war, or mass suicide, or mass murder, you can't create a system that effectively takes assets from people, or otherwise make it so that those who hold other assets (such as gold) gain so much buying power that the entire economy collapses, by in effect transferring huge amounts of assets, real or imagined, to those few people.
Yes, but the transition needs to be done in a measured fashion or again, the drastic change in assets would cause war (Civil and world wide).
It is entirely possible that people will be given a choice as you suggest, but it must be something that everyone knows about and is available to everyone, with enough time to make a transition that the vast majority of people will accept and not feel screwed. It can't be something like, "Surprise! Everyone who owns a few ounces of gold are economic gods, and everyone else is fucked!"
Everyone has been doing those things because the real enemy employs mind control techniques to ensure that happens. Yes, they could "choose" to break free, and some have. They created other mind control techniques to ensure that those people are called "conspiracy theorists" (a term they created for that purpose). Blaming people for being asleep is not the path. It's like blaming people for being slaves. Yes, they could choose to not be slaves, but unless there is a clear opportunity to a choice other than death for them and their family for not being a slave, most will choose slavery. That is where we are, and where we have been for a very long time.
The proletariat doesn't break out the torches and pitch forks until the Real Rulers, who control all the information and manipulate everyone behind the scenes (including the people we think of as "rulers"), tell them to. The world has been controlled by crisis actors and other forms of controlled opposition for thousands of years.
No matter where I look, I can find no act of violence that was not instigated and run by the enemy themselves. All Wars are Banker Wars isn't just for the 20th century. My research suggests it applies going all the way back to at least the Crusades, and likely the early Roman Empire, with the possible exception being the misnamed "Mongolian invasion," and other Scythian incursions into Europe and the Middle East. Even those ones I'm not sure because there are ties between the Scythians and the current ruling class.
It has to happen to some extent, but if "The Plan" is truly designed to Awaken, and not Destroy, it will happen in the way that incurs the least losses, thus I don't think "drastic" will be as drastic as it would be if the plan was the Cabal Plan.
For example, in every communist takeover, The Plan was to create massive starvation and the violent murder of any and all dissenters to "the solution," along with their planned economic collapse. In China for example, the 1950s killed upwards of 100 Million people in their Communist takeover. This showed the people who survived the power of the government, creating both a fear in some, for non-compliance and a belief in a savior state in others, depending on which propaganda they bought in to. Basically the exact same thing happened in Russia, Korea, etc.
It's gotta hurt before it can heal. But if it kills you, it's probably not really "a cure". I really don't think it will be that bad. It will be "just bad enough" to motivate the vast majority to accept a change.
I think that's exactly what a good number of people here believe, based on conversations I've read.
You're ruining some perfectly good pipe dreams, you know.
I do think it will likely provide an economic advantage. I just really don't think "The Plan" is to make people want to kill themselves.
Unless "suicide weekend" was intended to mean all the newly destitute people.
At that point I'd have to seriously question the Q objective.
And who has developed an NFT platform? GAMESTOP. Might we see GME crashing wall str - no bailout this time - GAMESTOP NFT based replacement system?
I think that GME may very well have been designed to show us the way to a Free Market economy.
I'm not 100% sure about that (I still need to dig a bit more), but I think its quite possible.
"...any asset that can be tied to a NFT"
mind blown. i knew the people hating on NFTs were wrong, I just wasn't sure why.
It’s not “just” the money. It’s the debt and even bigger is the derivatives 600Trillion market,
Derivatives all fall into gold. https://youtu.be/6-kAz2dnN5Y
Yes, I cover that in more detail in the link in the post above.
By the way, "the debt" is the money. They are the same word. There is no money that is not debt.
Thanks! And I appreciate the extra link.