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.
Don't count on debt forgiveness, that's all a scam. Do things properly. Don't give them a reason to come after you.
I'm reading all this and agreeing in principal but also worried as all get out because we've scrimped and saved and paid off our debts and started a nest egg and did everything we thought was right. We carry no debt, and while this path may help many people, it sounds like we're getting screwed over. Again.
Debt free as in the US Gov't is debt free, or every citizen's debts are null and void to whomever they owe debts to such as big banks?
Big difference. If all of our citizens are unshackled from their debts entirely the economy would EXPLODE with how much more money people have to spend.
However if he just means the US Gov't is debt free then that's not quite as exciting.