Ye Old Debt Clock. Look at the shiny new data regarding debt below the bottom of the new 100 C Bill. Doesn't JFK look young and handsome? Will the negation of the Cabal wealth indicated by the 0 debt be the cause of suicide weekend? Lets gooo! NCSWIC America first!
(media.greatawakening.win)
🔍 Notable
Interesting that the "died" date of the old money is 2024.
Thought exercise: if the US currency was put back on the gold standard, what would happen to the prices of gold, and silver?
Discuss.
Well, the clock implied gold, silver, copper, and several other resources. I moved my meager savings and took out some 0% APR credit (3/4ths paid off) to get some metal but to preserve wealth. Of course, I think there will be an upside, but I'm not counting on it.
More than half of all gold has been made into jewelry.
Silver isn't as pretty, but is very useful. Antimicrobial, with medical uses. Silver is also the best conductor of all metals and is used extensively in electronics, batteries, and solar cells. The next generation solar cells use double the silver of the present generation.
Most silver is mined as a byproduct of other minerals, gold, copper, etc... and averages out to cost 10-11 bucks an ounce to mine. Demand by Industry exceeds production. Mexico produces the most, 24% of silver, but production is down because of the Cartels and violence. China is a distant second with 13.8% but doesn't sell theirs. Peru is third with 11.9%.
I see more upswing in silver...
The "price" of gold would be whatever the standard is set at. Silver is very under valued compared to gold, so it's price would become more proportional to gold and then change as any other commodity would.
So gold would possibly be set at the old level of $20 per ounce. The smallest coin in gold would be $5. To have smaller coins we might even go back to a form of bimetallism like before, except the new silver coins might be a smaller size than previously. Dimes might be too small if made of silver, so might be another metal or even be eliminated in favor of smaller nickels and non-copper pennies.
Gold would be set, but silver might not be. But inflation would be gone, so the other metals would be more stable for the purpose of smaller denomination coins. Gold certificates would be necessary for $50 and $100 bills. We always carried change in the past, so there wouldn't necessarily be any $20 or smaller bills.
We can use old change until it can gradually be taken out of circulation. With inflation gone and the old change being worth more, I would willingly part with my stockpile of nickel and copper, but not the brass.
...but not the brass... or lead. You're right, fren. Thanks for the analysis.
Any time. I knew that if we went on a gold standard, the dollar would be pegged to gold, thus determining its value. Soon, $20 will be able to buy a good suit of clothes again like it could over a hundred years ago.
Hard to read. Not the content, but rather the lack of sentences. Sorry to nit pick, but wow!
A paragraph or two would also help....
Periods are the problem, or the lack thereof. Periods went totally out of fashion when birth control pills took over. I'm old enough to remember.
.... Here's a few to share. ............ ..
<groan>. 😁
Personally, as per your comments, synchronicities sure do exist!
I wrote that kind of in jest. Afterwards thinking, it Makes Total MK-Ultra Sense. They mess with us like that.
"Ihey" read backwards too , thank you for not