Since it's evident that the crash is finally here, I'm just curious. I know there's some people on here that were old enough to remember when we went off the gold standard, and there's also people savvier than myself in terms of knowing how macroeconomics works, so I'm just curious. How does that work exactly?
Like, would we just take a crap ton of money out of circulation to match the amount of gold/silver we have in reserve? Would it be all at once, slowly and gradually so as to not shock the economy? I legit don't know.
I always assumed it would be a gradual thing where we gradually introduce new gold/silver backed bills as we retire old fiat currency over the course of several years.
Another thing I can't see happening that I see A LOT of people claiming, is that everyone is gonna lose ALL their "fiat money" and have to start over from zero.
That's just not feasible, like, at all.
Literally no one, poor or rich, would accept that. It doesn't matter how "good" it sounds in the long term, you can't literally take away the life savings of 300 million plus people and expect them to NOT riot and start destroying things in protest.
Even normies would get in on the action at that point.
Besides that, it makes no sense. How would businesses function? Even ignoring the large wall street corporations everyone hates, how would medium sized companies ever survive that?
"Oh I'm sorry, I know you spent that last 30 years of your life building a business, but now all your money is worthless, so you can't pay your employees, bills, private debts, etc. Guess you have no choice but to go out of business since everything is worthless now."
And the whole "people with lots of money won't be able to redeem it but people with less will be able to redeem it all" idea doesn't work either for that exact reason. Your average small/medium business owner is a millionaire. If all of a sudden, they have 20-50% less cash assets because "they couldn't redeem it dollar for dollar", then that will probably put their business in the red, thus effecting their employees, stake holders, and the economy as a whole when this happens on a nationwide scale.
So my question is this, HOW do we realistically transition to this new currency?
I only really see two options myself. Either we gradually transition to it, as I mentioned before, or we go to a different denomination system, where we have larger denominations of currency, and cultivate an economic environment that promotes wage growth by eliminating immigration, deporting foreign nationals, illegals, etc., add tariffs to imports, etc. all in order to incentive companies to onshore jobs and production and actually hire Americans in order to force them to offer competitive pay, with the new, high denominations being used as a simpler means of transaction, due to the actual dollar amount not increasing, but also not decreasing by a large amount.
Think like, Japan, South Korea, etc. where everything is in denominations of a 1,000, but when you convert it to dollars, everything you'd buy in those countries is dirt cheap in comparison.
That's my two cents, but i could be wrong. Feel free to discuss and add your own thoughts on how this will work.
This is a GREAT post u/cathole953/ and you ask a lot of really good questions I've long thought about. Unfortunately, I don't have answers.
The one biggie for me is the workers. Millions in the US are working to provide for their families, earning paychecks with money in most cases auto depositing into bank accounts, then used to pay bills. All workers, in all walks of life and various careers, dependent on this system. If money (dollars) go away, like you said, normies, sheeple, the awakened, EVERYONE suffers. So it's a massive, MASSIVE turn of events. I have no idea how this could go down smoothly.
There are posts on X that say “they” are running two financial systems next to each other. The old swifty and the new. I hope it is so.
My curiosity is where in the Q drops this idea is discussed? I find one drop that points to the fact the boom and crash cycle is a method of stealing our wealth. So is inflation and other forms of monetary manipulation.
The concept I get from the drops is this cycle of manipulation will be stopped. Nowhere do I get the idea we must all lose whatever wealth we possess. Nowhere does it say people must be dragged over the precipice before they wake up. They wake up when the precipice is reached.
If being awake means being doomed to generations of economic pain and personal suffering, way too many people will choose to go back to sleep.
It's not actually stated anywhere from my knowledge, but a lot of people seem to think it has to be that way. As far as I'm aware, the closest thing to this that Q says is "Gold will destroy the fed", and I suppose the assumption is that if the fed is destroyed then the fiat system goes with it.
But too many people assume it has to be all at once instead of a gradual process. I'm like you, if this were to ruin everyone's life then no one will support it, and we'll be right back in the same situation we currently are.
It's important to note that:
It does NOT say, Gold shall destroy The Fed;
It says in all caps, FED.
As in, Foreign Exchange Department
Assumptions are the mother of all fk ups ....
Q posted: “Gold shall destroy Fed.” Q Post 2619
I haven’t put a lot of thought into the transition, but here are a couple of thoughts. First, Trump has the gold now to make this work. Second, I expect that they will print new bills at near the replacement rate or a little faster. The old bills will still be good and the denomination will be normal. Since a relatively small amount of currency is paper in circulation, that paper is what can be exchanged for gold. Perception of gold backed money is 95% of the solution.
Since so much money is digital, inflation still has to be controlled by spending.
Since the US will need a bigger and bigger reserve, Trump will go biggly into Bitcoin mining by the government.
Yea, if they make my life savings worthless, I'm going to go steal myself a tank from the govt and hide in my barn under hay bales;)
The Federal Reserve Bank will be taken over by the Treasury. The money in circulation will slowly be adjusted, and replaced. The money in circulation whether new US Dollar or Fed Note will be backed with gold.
Slowly the old Fed Notes will disappear.
A crash like so many are predicting ends in the great reset. There is no doubt the cabal and their shills are working hard toward that end, and they are creating a very volatile market right now, but I believe they will be countered. Anything less and we end up with the Great Reset the cabal banksters have been pursuing all along. I can't see the whitehats just handing them the win.
May have already happened. https://takeoregonback.com/2020/06/09/the-real-reason-trump-merged-the-us-treasury-with-the-federal-reserve/
I do believe there HAS to be a crash on par with the great depression, but that's just because that's the only way for any of this to actually work in the long run. Now having said that, I do agree, I think this will be more of a gradual transition from fiat to precious metal backed currency. And that will probably be part of what drags everyone out of the depression, thus leading to a mass formation association between precious metals, currency, and safety/prosperity.
If whatever form of money isn't directly imtied into a physical precious metals backed form, it isn't worth the trouble. At the end of the day, if you can't physically hold it in your hand and use it to trade/barter with, it's not a form of money, but rather a form of manipulation.
Glad someone said it.
Q references "The Sum of All Fears" movie. Was it that one or another of Clancy's books where there was an orchestrated market crash that had everything disconbobulated. Ryan suggested setting the clock back to right before the crash so that it would be like nothing ever happened, thus restoring peoples money and not allowing the profiteers to keep their gains.
My understanding is that the dollar will be backed by gold. A dollar will get an assigned value in gold. What that value is, we will find out.
See the problem there is, that will lead to riots in the street. You can't tell 300+ Million people that they're gonna lose everything and ruin their lives and expect nothing to happen. Hence, that CAN'T be the solution