General Flynn breaks down what he feels will happen the next 30 days to 6 months.
(twitter.com)
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Their money will be backed by gold.
In the early 1970s, you could buy an oz. of gold for $35 USD.
This was before we transitioned to worthless fiat propped up only by OPEC members requiring oil to be purchased with USD only.
BRICS members will eventually end that.
Why it matters if Saudi Arabia sells oil in Chinese yuan instead of US dollars
https://qz.com/2143450/saudi-arabia-wants-to-sell-its-oil-in-yuan-not-dollars
Sure you could buy an ounce of gold in 1970 for $35.00, but when adjusted for inflation, that oz. in 1970 cost $286.00.
$35.00 was a lot more money in 1970 than it is today.
Gold today is around $2132. If you deflate that to 1970 $ that would be $265. So gold has only increased in price by $235 oz.
(Sorry, mistake. Gold is $2311 today, but still you get my drift)
Gold price last 100 years.
I remember back in 70's when I was around 18 yrs old, once shopping for something in Penny's. A girl ask me if I wanted to apply for a credit card. I ended up not doing it, but it was a good opportunity to talk with her so I pretended that I wanted to.
She got to the line that asked me what my income was. I said $300.00 a week. She said, how much do you take home, and I said $300 a week. She was astonished, like I was a millionaire lol.
That is not how prices are adjusted for inflation.
Minimum wage was $1.60 in 1972.
Can one work 21 hours at minimum wage in 2024 and earn enough to buy an oz.of gold?
Current spot price of gold?
$2,315.30
Current federal minimum wage?
$7.25
Roughly 320 hours at minimum wage to buy an oz. of gold in 2024...