Any input or details, besides the US Debt Clock Posts on X?
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Would be more concerned about having money in a non-BASEL3 compliant bank after Oct.1 given that after that date Basel3 banks are unlikely to even accept a money transfer from a non-compliant bank.
(meaning non-compliant banks will crash and burn and many are likely to pilfer and run rather than go down with the ship...)
Long term goal is to have all currencies have near 1:1 parity and have prices creep back to 1955 level (pre-fiat gold-backed currency prices that were actually reflective of actual material+labor+profit cost of production...).
People won't have more money(short of those that own the first currencies to shift over and will find themselves millionaires over night(IQD...)), they will just get a LOT more for the money they have...
Transition is however likely to be ROUGH in many countries, including the US.....
Thanks for all that info. I will be checking into all of that.
I had a friend mention buying Dinar a couple years ago, but I never looked into it.
If you happen to have a link to an article, or something that explains the thesis behind this, would you mind sharing it? Thanks.
Kinda hard to find a single one that concisely sums it up..
@Prolotario1
He backs up his stuff with referencing actual articles from governments/major finance and official statements but some people have already made up their minds about him based on too little and hearsay....
Basically Iraq is about to re-evalute their currency into one backed by gold and doing that means changing the value and basically moving the decimal point forward to reflect what is now it's true gold-backed value(1$= 1300IQD now changing to 1$= 130/13 or even as little as 1.3 IQD after.....)
Thanks!