Anon's, a simple way to process a Gold Standard:
a $100 bill is nothing but a promissory note.
This "promise to pay" is reliant on the solvency of the US gov't as well as the "market value" of the US dollar.
The gold standard establishes a fixed weight ratio of US dollars to gold. This would preclude the FED from "printing money" whenever they choose (think Zimbabwe)
Without the GS, what can you redeem your $100 bill for?
Correct. The Federal Deposit Insurance Program was enacted as a result. (And the feds repossessed the shit out of individuals gold)
Fast Forward 90 years and we now have the same systemic risk, just with a different flavor.
There is over $100T of bad debt in emerging markets all priced in US dollars.
We cannot afford to service our own debt (even in an ultra low interest rate environment)
We no longer have the world by the ballth anymore b/c Thaudi Arabia will thell oil in gold backed yuan
Fiat Currencies (Promissory Notes) always fail. Always have. Always will
In Ancient Rome, gold coins were "clipped" every time one entered a courthouse. Talk about losing some weight!
FFS anons re: no Gold Thtandard muh kidth need to eat
What does Venezuela, Argentina, Turkey, and India have in common?
Their currencies got there dick kicked in during 2018.
What happenth when a currency geth kicked in the nutz ?
Everything gets very expensive (Hyperinflation)
POTUS will be proactive about the fixed weight ratio of Gold to the USTN…..and one real slick way to make sure it goes smoothly?
Go live at the same time EU & China does (yuan is already traded with gold convertability)
It's called GCR or RV for all the fags that don't read muh gold porn.
Silverdoctors.com has pretty thoughtful commentary and has a wide variety of contributors. FYI: Almost all of their articles have a bit of "chip on the shoulders" if you will….
Precious Metals have been manipulated for years by banks and sovereign states (to prop up the fiat currency) so these cats are chomping at the bit for these speculative investments to finally yield the value they know has been repressed in the past.
Hey Guy - want to hear a joke?
Putin & Xi walk into a bar in Saudi Arabia and want to buy a gorillian barrels of oil….for 48 years, SA told them to pound sand - they had to buy in U.S. Dollars. SA reminded them it was no big deal because everybody had shit tons of US treasuries so it's all good.
Then a couple of summers ago….Putin and Xi came in to the same bar and said we wouldn't touch US treasuries with your dick. We're paying in Yuan. (Putin likes Yuan because it's instantly convertible to Gold)
Saudis said no problem. We don't take US dollars here anymore either.
Gorillian Dollar Question for you Genius:
What exchange exists on planet earth where an institution or sovereign gov't can trade U.S. Dollars in exchange for the physical precious metal: Gold?
Hint: It's not the Comex. Comex settles in EFP's. (Worthless Paper Fiat)
When did China get in $21 T dollars of debt?
We've been a super power for 100 years….China eclipsed Japan from #2 in GDP 5 years ago.
You can trade Yuan for Gold, bucko….You can't trade a billion USD for gold, though….Comex is a paper only market
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