The concept of a "_____ backed currency" is that each unit of currency has a one to one correspondence with the resource that backs it. "Fractional Reserve Lending" confuses this a fair bit, but for now, I will leave that concept alone, since any true resource backed currency can't also have a "fractional reserve."

The smoothest transition from what we have now to a gold backed currency would be to take all of the "money" that exists (Federal Reserve Notes), and tie it, one to one, to however much gold we have. The problem with that, is that it depends on how you consider "how many dollars there are."

I elaborated the problem in this post, and I suggest you read it. The value of gold in a straight across transition to a gold backed currency economy depends on how much gold we really have, and how much money there really is. According to my calculations (numbers derived from the sources in that post), 1 oz of gold would be worth (approximately) somewhere between $150,000 and $15,000,000.

That's not a reasonable valuation. Attempting such a transition would produce such a huge power shift that it would cause MASSIVE disruptions to the market. It would likely start a civil war, or mass murders, or whatever. it's simply too much of a transition, thus, it is a transition system that can't work.

If one were to include a gold backed currency in the market, it would have to be done another way.

I suggest that way is to move to a barter system (in the sense of a truly free market, no "default currency"). Thus many assets could be used as an intermediary (stocks, any metals, any asset that can be tied to a NFT e.g.). In such a system, an intermediary isn't required at all. Things can be done how they were done for thousands of years, i.e. just traded straight across. Barter is a lost art, lost with the concept of a free market. You cannot have both a free market, and a "standard currency." They are diametrically opposed ideas (which is why the Money Magicians moved to an official currency in the first place).

Of course that's too little of an explanation to be meaningful. This is me pointing in what I think is the best possible direction to solve all the problems that exist now, and have been exploited in the past by the Cabal (AKA the Priest Class AKA the Money Changers AKA the Bankers).

The concept of a "_____ backed currency" is that each unit of currency has a one to one correspondence with the resource that backs it. "Fractional Reserve Lending" confuses this a fair bit, but for now, I will leave that concept alone, since any true resource backed currency can't also have a "fractional reserve."

The smoothest transition from what we have now to a gold backed currency would be to take all of the "money" that exists (Federal Reserve Notes), and tie it, one to one, to however much gold we have. The problem with that, is that it depends on how you consider "how many dollars there are."

I elaborated the problem in this post, and I suggest you read it. The value of gold in a straight across transition to a gold backed currency economy depends on how much gold we really have, and how much money there really is. According to my calculations (numbers derived from the sources in that post), 1 oz of gold would be worth (approximately) somewhere between $150,000 and $15,000,000.

That's not a reasonable valuation. Attempting such a transition would produce such a huge power shift that it would cause MASSIVE disruptions to the market. It would likely start a civil war, or mass murders, or whatever. it's simply too much of a transition, thus, it is a transition system that can't work.

If one were to include a gold backed currency in the market, it would have to be done another way.

I suggest that way is to move to a barter system (in the sense of a truly free market, no "default currency"). Thus many assets could be used as an intermediary (stocks, any metals, any asset that can be tied to a NFT e.g.). In such a system, an intermediary isn't required at all. Things can be done how they were done for thousands of years, i.e. just traded straight across. Barter is a lost art, lost with the concept of a free market. You cannot have both a free market, and a "standard currency." They are diametrically opposed ideas (which is why the Money Magicians moved to an official currency in the first place).

Of course that's too little of an explanation to be meaningful, but it's just a pointing in what I think is the best possible direction to solve all the problems that exist now, and have been exploited in the past by the Cabal (AKA the Priest Class AKA the Money Changers AKA the Bankers).

The concept of a "_____ backed currency" is that each unit of currency has a one to one correspondence with the resource that backs it. "Fractional Reserve Lending" confuses this a fair bit, but for now, I will leave that concept alone, since any true resource backed currency can't also have a "fractional reserve."

The smoothest transition from what we have now to a gold backed currency would be to take all of the "money" that exists (Federal Reserve Notes), and tie it, one to one, to however much gold we have. The problem with that, is that it depends on how you consider "how many dollars there are."

I elaborated the problem in this post, and I suggest you read it. The value of gold in a straight across transition to a gold backed currency economy depends on how much gold we really have, and how much money there really is. According to my calculations (numbers derived from the sources in that post), 1 oz of gold would be worth (approximately) somewhere between $150,000 and $15,000,000.

That's not a reasonable valuation. Attempting such a transition would produce such a huge power shift that it would cause MASSIVE disruptions to the market. It would likely start a civil war, or mass murders, or whatever. it's simply too much of a transition, thus, it is a transition system that can't work.

If one were to include a gold backed currency in the market, it would have to be done another way.

I suggest that way is to move to a barter system (in the sense of a truly free market, no "default currency"). Thus many assets could be used as an intermediary (stocks, any metals, any asset that can be tied to a NFT e.g.) or just traded straight across.

Of course that's too little of an explanation to be meaningful, but it's just a pointing in what I think is the best possible direction to solve all the problems that exist now, and have been exploited in the past by the Cabal (AKA the Priest Class AKA the Money Changers AKA the Bankers).

The concept of a "_____ backed currency" is that each unit of currency has a one to one correspondence with the resource that backs it. "Fractional Reserve Lending" confuses this a fair bit, but for now, I will leave that concept alone, since any true resource backed currency can't also have a "fractional reserve."

The smoothest transition from what we have now to a gold backed currency would be to take all of the "money" that exists (Federal Reserve Notes), and tie it, one to one, to however much gold we have. The problem with that, is that it depends on how you consider "how many dollars there are."

I elaborated the problem in this post, and I suggest you read it. The value of gold in a straight across transition to a gold backed currency economy depends on how much gold we really have, and how much money there really is. According to my calculations (numbers derived from the sources in that post), 1 oz of gold would be worth (approximately) somewhere between $150,000 and $15,000,000.

That's not a reasonable valuation. Attempting such a transition would produce such a huge power shift that it would cause MASSIVE disruptions to the market. It would likely start a civil war, or mass murders, or whatever. it's simply too much of a transition, thus, it is a transition system that can't work.

If one were to move to a gold backed currency it would have to be done another way.

I suggest that way is to move to a barter system (in the sense of a truly free market, no "default currency"). Thus many assets could be used as an intermediary (stocks, any metals, any asset that can be tied to a NFT e.g.) or just traded straight across.

Of course that's too little of an explanation to be meaningful, but it's just a pointing in what I think is the best possible direction to solve all the problems that exist now, and have been exploited in the past by the Cabal (AKA the Priest Class AKA the Money Changers AKA the Bankers).