The problems. With going back to it is that your costs for the cheapest things will become enormous because of the extra cost of security and transportation. Transactions outside of your town will take days to clear which would cap the economy off at a slower pace than before.
A currency not based on debt and is capped to a limit while being instantaneous with no 3rd party bank? That crypto.
All of the boomers that don't prep and can't handle this are going to learn the hard way. The vast majority of them deserve the pain and suffering, they contributed to the problem and did nothing.
Gold and silver will stay great for local purchases but with internet and electricity it would not be useful to run a countries economy.
Not true. Read what E. Mullins had to say in his Secrets of the Fed:
The international gold dealings of the Federal Reserve System, and its
active support in helping the League of Nations to force all the nations
of Europe and South America back on the gold standard for the
benefit of international gold merchants like Eugene Meyer, Jr. and
Albert Strauss, is best demonstrated by a classic incident, the sterling
credit of 1925.
J.E. Darling wrote, in the English periodical, "Spectator", on January 10,
1925 that:
"Obviously, it is of the first importance to the United States to induce
England to resume the gold standard as early as possible. An
American controlled Gold Standard, which must inevitably result in the
United States becoming the world’s supreme financial power, makes
England a tributary and satellite, and New York the world’s financial
centre."
Mr. Darling fails to point out that the American people have as little to
do with this as the British people, and that resumption of the gold
standard by Britain would benefit only that small group of international
gold merchants who own the world’s gold. No wonder that "Banker’s
Magazine" gleefully remarked in July, 1925 that:
"The outstanding event of the past half year in the banking world was
the restoration of the gold standard."
The First World War changed the status of the United States from that of
a debtor nation to the position of the world’s greatest creditor nation,
a title formerly occupied by England. Since debt is money, according
to the Governor Marriner Eccles of the Federal Reserve Board, this also
made us the richest nation of the world. The war also caused the
removal of the headquarters of the world’s acceptance market from
London to New York, and Paul Warburg became the most powerful
trade acceptance banker in the world. The mainstay of the
international financiers, however, remained the same. The gold
standard was still the basis of foreign exchange, and the small group of
internationals who owned the gold controlled the monetary system of
the Western nations.
Professor Gustav Cassel wrote in 1928:
"The American dollar, not the gold standard, is the world’s monetary
standard. The AmericanFederal Reserve Board has the power to
determine the purchasing power of the dollar by making changes in
the rate of discount, and thus controls the monetary standard of the
world."
If this were true, the members of the Federal Reserve Board would be
the most powerful financiers in the world. Occasionally their
membership includes such influential men as Paul Warburg or Eugene
Meyer, Jr., but usually they are a rubber-stamp committee for the
Federal Advisory Council and the London bankers.
In May, 1925, the British Parliament passed the Gold Standard Act,
putting Great Britain back on the gold standard. The Federal Reserve
System’s major role in this event came out on March 16, 1926, when
George Seay, Governor of the Federal Reserve Bank of Richmond,
testified before the House Banking and Currency Committee that:
"A verbal understanding confirmed by correspondence, extended
Great Britain a two hundred million dollar gold loan or credit. All
negotiations were conducted between Benjamin Strong, Governor of
the Federal Reserve Bank of New York and Mr. Montagu Norman,
Governor of the Bank of England. The purpose of this loan was to help
England get back on the gold standard, and the loan was to be met
by investment of Federal Reserve funds in bills of exchange and foreign
securities."
Notice it was the Fed and the League of Nations (the model for One world government) that pushed countries to go back on the gold standard. Only people who are clueless of the system believe there is a dichotomy between fake monopoly fiat money (the Fed) and gold. In reality gold is just a tool in their toolkit for influencing global economy and markets, same as the fake dollar.
If banks love gold so much more than Fiat, why did they create a fiat system that was designed to overtake gold as payments settlement?
Why haven't they all gone back to it?
Bankers control the world. They buy politicians, laws, and propaganda. They can buy anything they want and they certainly will buy what keeps them in power.
Why was a gold and silver paper market in the 80s created to control the price of these precious metals?
What you're reading is dogshit. You're missing the forest for the trees.
The only reason the central banks are buying up gold now is because they know the world economy is mega fucked so they are now buying what will keep them in power until they make a new currency they'll try to force on everyone.
When the world economy is not mega fucked, they'll be pushing a currency that they have more control of that keeps them in power.
If banks love gold so much more than Fiat, why did they create a fiat system that was designed to overtake gold as payments settlement?
I've addressed that - both gold and fiat (as well as CBDC) are tools in their toolkit and serve different purposes. People will never hold enough gold to make a difference. I guess it's the same with all money and it makes sense since we know (((who))) is hoarding it for hundreds of years.
What you're reading is dogshit. You're missing the forest for the trees.
It's only the best, most well researched book on the Fed by a conspiracy legend.
Again, I'm not saying fiat money is better than gold, I'm saying it's a false dichotomy and the gold standard is not a silver bullet for escaping the usury based system created by the central bankers and I supported my claim with historical facts - "the bad guys" wanted the gold standard at least in the wartime period. It's not a black and white dialectic.
The only reason the central banks are buying up gold now is because they know the world economy is mega fucked so they are now buying what will keep them in power until they make a new currency they'll try to force on everyone.
It's not megafucked to them, it is just as they steered it to be. They want degrowth circular economy with unparalleled control of all money and that's where we're heading. You're making it seem as if they're scrambling not knowing what's going on. They know, they've planned it for decades if not centuries.
Crypto is not a toolkit of the fed. It can only start becoming a toolkit when the government mandates what crypto can and can't be used.
You and I and anyone else can make a crypto. You are just ignorant of how crypto works. The Fed doesn't control crypto.
The free market runs crypto. Big Finance has many pumps and dumps into crypto and that's to fog things.
The crypto that gives you the most freedom will win out. The crypto that can be used by billions everyday will win out.
The people can choose what crypto gives them the most freedom by buying it. The people can choose what crypto to transact with.
Do your research on crypto and learn what is going on with it because you obviously don't understand that you can copy other crypto source code and improve on it if you see that it needs improvements.
They didn't push for it, they pushed against it.
Silver standard went first then Gold Standard.
The problems. With going back to it is that your costs for the cheapest things will become enormous because of the extra cost of security and transportation. Transactions outside of your town will take days to clear which would cap the economy off at a slower pace than before.
A currency not based on debt and is capped to a limit while being instantaneous with no 3rd party bank? That crypto.
All of the boomers that don't prep and can't handle this are going to learn the hard way. The vast majority of them deserve the pain and suffering, they contributed to the problem and did nothing.
Gold and silver will stay great for local purchases but with internet and electricity it would not be useful to run a countries economy.
Not true. Read what E. Mullins had to say in his Secrets of the Fed:
Notice it was the Fed and the League of Nations (the model for One world government) that pushed countries to go back on the gold standard. Only people who are clueless of the system believe there is a dichotomy between fake monopoly fiat money (the Fed) and gold. In reality gold is just a tool in their toolkit for influencing global economy and markets, same as the fake dollar.
If banks love gold so much more than Fiat, why did they create a fiat system that was designed to overtake gold as payments settlement?
Why haven't they all gone back to it?
Bankers control the world. They buy politicians, laws, and propaganda. They can buy anything they want and they certainly will buy what keeps them in power.
Why was a gold and silver paper market in the 80s created to control the price of these precious metals?
What you're reading is dogshit. You're missing the forest for the trees.
The only reason the central banks are buying up gold now is because they know the world economy is mega fucked so they are now buying what will keep them in power until they make a new currency they'll try to force on everyone.
When the world economy is not mega fucked, they'll be pushing a currency that they have more control of that keeps them in power.
I've addressed that - both gold and fiat (as well as CBDC) are tools in their toolkit and serve different purposes. People will never hold enough gold to make a difference. I guess it's the same with all money and it makes sense since we know (((who))) is hoarding it for hundreds of years.
It's only the best, most well researched book on the Fed by a conspiracy legend.
Again, I'm not saying fiat money is better than gold, I'm saying it's a false dichotomy and the gold standard is not a silver bullet for escaping the usury based system created by the central bankers and I supported my claim with historical facts - "the bad guys" wanted the gold standard at least in the wartime period. It's not a black and white dialectic.
It's not megafucked to them, it is just as they steered it to be. They want degrowth circular economy with unparalleled control of all money and that's where we're heading. You're making it seem as if they're scrambling not knowing what's going on. They know, they've planned it for decades if not centuries.
Crypto is not a toolkit of the fed. It can only start becoming a toolkit when the government mandates what crypto can and can't be used.
You and I and anyone else can make a crypto. You are just ignorant of how crypto works. The Fed doesn't control crypto.
The free market runs crypto. Big Finance has many pumps and dumps into crypto and that's to fog things.
The crypto that gives you the most freedom will win out. The crypto that can be used by billions everyday will win out.
The people can choose what crypto gives them the most freedom by buying it. The people can choose what crypto to transact with.
Do your research on crypto and learn what is going on with it because you obviously don't understand that you can copy other crypto source code and improve on it if you see that it needs improvements.