you know the dril …
you know the dril …
the feet are loretta lynch
2 million illegals usurping citizen's entitlements while simulataneously diluting wages
with the implementation of the coming digital dollar, what could be held in one's hand?
cheese would at least be tangible
anon is ok with that
high IQ post
unless there is a drastic upward correction in precious metal pricing, expect the digtal dollar slave money
>letting them cash their clad coinage in for silver at 20x face value
there's not enough PM's to cover the trillions of fiat currency, unless:
AU = $50,000 an ounce
AG = $500 an ounce
or similiarly crazy valuations
>They go back to QE infinity
disagree with your assessment on CBDCs though
Bahamas digital dollar is the model
agreed, fiat paper has blown vaulations out of whack
but the point of no return has passed IMO, there's no way to revalue PMs that much
so they will force a digital fiat dollar
no more lemon aid stands
no more garage sales or yard sales
every penny accounted for and the billionaire's get to keep their 000's in their bank accounts and the gov't gets complete control
although barter and trade will never fade away…dozen eggs and a chicken for an oil change as example
food lines in Montgomery county, MD, nice cars too
>The economy needs to flatline.
why do you think they will allow that?
bail outs come from the fed reserve and they have an infinite amount of dollars to dole out.
not arguing, just wanted your opinion
>If I put $1000 in the bank, the bank needs to keep assets on hand to cover that in the event I make a withdrawl
we use fractional currency model. they take your $1000 but loan out $900 legally (read somewhere that there is only a small fraction of tangible dollars in circulation compared to the amount of currency on the books)
CBDCs will fix that issue.
When I think of monetary policy I look at Japan. Those blokes are so underwater their debt to GDP ratio is over 250%. so they just keep printing, now own 40% of the Nikkei
that's where this anon thinks it's headed, unless, like you mentioned, congress passes a bill to end the fed
can agree, banking sector is screwed, because of poor management
but that's where central banks "save the day"
they have an infinite amount of dollars to dole out and just like the SvB collapse, big brother comes to bail them out.
Credit Suisse is the same, 2022 the Saudis invested enough to gain 9% share of the bank. now CS secured $53 bln from …. central bank
don't get your panties in a bunch over my opinion anon
it was in 1913 that your government screwed you over with fed reserve
we'll see what happens, right?
anon would enjoy to witness a complete collapse of the current montary fractional fiat system
ah yes, those dreaded derivatives
biggest black hole of money on earth
estimated at $600 trillion
the assets price will rise with more QE (or helicopter money)
as purchasing power of a dollar dwindles from printing, the asset's value should increase (food, energy, etc.)
of course, there can never be real price discovery in this model (expect always upward and inflated) but it can balance the ebbs and flows of the velocity of money
at least that's how i understand it