Any Bankfags out there? Currency reset worldwide on Dec 15th? Big if true.
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We will exit the Federal Reserve Bank system, but the transition will be smoother that a reset to one currency value. That kind of reset would wreck all industrial economies and lift up third world paper.
I don't believe the people will even feel the difference. I believe we will see the Federal Reserve taken over by the US government, and there will be a US Dollar again and not a Federal Reserve note. I think the practice of fractional reserve creation of money through issuance of debt will be outlawed. The government will control the issuance of money to control inflation / deflation.
Anything short of a smooth transition destroys the world economy, and leads to world wide chaos. All the news of bank failures, and money becoming worthless is designed to scare the people into stampeding the financial institutions and causing that massive failure. They did it once in 1929 and they want to do it again. The result would be their Great Reset which would equal or exceed the Great Depression.
What better way to create 1:1 parity between currencies so that speculation is removed and real worth is the only factor, with third world paper backed by real assets being the start.
IQD Iraqi Dinar first, think Trump mentioned something about how much of it the US owned, and Iraq definitively have real world assets.
Feel bad for countries without major real world assets though, there will be millionaires created and removed over night, it will be a bumpy ride but the down-turn will be offset by the upturns so it won't so much be a total crash as it will be lots of them combined with lots of bonanzas as well.
However some money will in the short term loose a lot of value, just as some money will massively gain value, smoothing out anything rough will be abrasive, and the world economy as DS have built it is definitively rough...
BRICS is already lifting up third world paper, and the members' currency values will be tied to both gold directly and petro (indirectly).
Thanks bankfags!!! That’s why I love you people.
That would reward the criminals that have fleeced the people for a century under the Federal Reserve. I don't think the USD is salvageable.
The US Dollar hasn't existed since 1913. The Federal Reserve Note is done, but there will be a new true US Dollar.
The criminals will not be rewarded. They will be going to prison, and I believe most all of their wealth will be confiscated. It was all ill gotten gains through criminal activity. I would like to see it distributed to their victims, but just identifying the victims would be a monumental task.
F***, we're all victims of these evil psychopaths. We should all be blessed with some bounty.
We are all victims of the system as were our parents great grandparents.
Thank you for such a reasonable response.