TYB!
>gold shall destroy FED
Hella true and perhaps the most likely of all the q posts to be exactly true and confirmable in very short order, certainly with the most impactful implications
GIT SOME GOLD!
Be me
Have an appointment with a tailor this afternoon
Read this post
Thats it then
A white suit
Fuck, don't think I can pull off a white suit
This motherfucker gets it
Must have read
Another or Friend of Another or Friend of a Friend of Another
Fren
Freegold confirmed
Just glad to be here, fren
>no i dont want to argue
This mother does not get it
Logical but this is bigger than you are thinking
Kek
Read the gold trail and follow in the footsteps of giants
Another was right and that motherfucker definately gets it
1 oz of gold will be a lifetime's worth of wealth storage for most people post rv
Future proves past
Dont worry I'll pick up the check at the anon party
>free beer
See you at the finish line and glad to have you here!
https://www.tfmetalsreport.com/blog/6887/guest-post-introducing-freegold-torgny-persson-bullion-star
"Introducing FreeGold"
by, Torgny Persson, CEO of BullionStar
What is FreeGold?
FreeGold is not a single theory but an understanding of how past events have formed a gold trail which will significantly change our monetary system in the future. It’s a set of all-encompassing explanations tying together trade and geopolitics with the monetary system. The foundation of the ideas constituting FreeGold was laid by two writers, Another and Friend of Another (FOA) and is built upon today by a third contributor, FOFOA.
One of the key tenets of FreeGold is that the monetary functions of Medium of Exchange (MoE) and Store of Value (SoV) can, should and will split, where:
-
Fiat currency will continue to be used as Medium of Exchange.
-
Gold will be used as Store of Value.
In my previous post, Gold or Fiat? That is the question…, I described how lending expands the money supply, whether in gold or fiat. When savers save in the same medium as is used for the Medium of Exchange, a collapse always follows money expansion.
Under gold standards, fiat and gold are always tied together in some way. Reintroducing gold as the international settlement medium for net debts doesn’t however necessitate fiat to be tied to gold.
Under FreeGold, gold is reintroduced as Store of Value but without being tied to fiat. By using scrip money/fiat/debt for short term settling but using freely floating gold for long term settling, the horrendously skewed trade balances we see today will be a memory of the past. Gold is thus set free from its role as medium of exchange, thus the name “FreeGold”.
Under a FreeGold system, politicians will still be able to overpromise and overspend in the short term but the value of their monetized debt (money) after fiat has hyperinflated, as measured in gold, will be minuscule compared to today.
Debt is the Essence of Fiat
Fiat money is created as debt out of thin air. And there’s a lot of it created.
The US Dollar has already been hyperinflated monetarily but it isn’t visible yet in terms of consumer price inflation as the excess money created has been saved rather than spent on consumption. As long as the (non-US) world is buying roughly the same amount of US Dollar investments as the US trade deficit, there’s no price inflation.
Capital flows can and will turn on a dime though. Just imagine how much (little) the US Dollar would be worth if the US Dollar depreciated to balance the US trade deficit.
The cause of the low price inflation we see today, despite the high monetary inflation, is the hoarding of credit. Credit implies future production revenue. What’s the chance of future production living up to the debt it’s built upon?
Put another way, saving of credit increases the purchasing power of money that isn’t saved. The saved credit causes bubbles whereas price inflation is delayed.
The absence of price inflation is incorrectly interpreted by central banks as too little money supply when there is already too much. Their knee-jerk reaction is to lower interest rates further and inject even more money through QE, thus increasing the underlying problem even more. Banks are complementing this by lowering lending standards to expand their fractional reserve lending as much as possible.
The problem of too much credit competing for a limited pool of credible borrowers can’t be solved by lowering lending standards and flooding the market with even more credit.
The credit must find vehicles to be hoarded into. This is creating massive demand for passive investments without adding any sort of productivity or innovation to the economy – a more realistic determinant of the health of the economy. Instead – to the detriment of the economy – we get bubbles, malinvestment, misallocations, debt saturation and unprofitability. Entrepreneurs which would have been successful in a sound meritocratic economic system are punished. Creating new innovative products have become secondary to putting companies on the investment markets. Companies even operate at a loss just to service debt, often with government stimulus as a substitution for keeping people off the dole.
Hyperdeflationary head fake
Governments around the world are fighting deflation labelled as
…
Hyperinflation is Guaranteed
…
also freegold theory goes on to state fiat will be pegged after rv and not allowed to be printed for free anymore
but gold floats!
thass some scary shit right there
good thing patriots are in control
still trusting the plan
they cannot
agreed