Fiat destruction. Crypto or gold?
Gesara.news » News » Fiat destruction. Crypto or gold?News Date: December 26, 2020
The world stands on the threshold of monetary hyperinflation with the US dollar leading the way. The final months of fiat money are coming into view.
The final solution is bound to be with central banks and government treasury departments retaining their control as issuers of money by the only means at their disposal: deploying their gold reserves to back their currencies, not as fiat, but as credible gold substitutes.
The crypto cohort is likely to have an important effect, in that it sparks an early realization in a growing part of the wider population about what government is doing with money. That is likely to speed up the collapse of fiat currencies compared to what would otherwise occur.
The flexibility in the supply of monetary gold and the stability of prices allows the original rate of interest to be both low and stable. It allows entrepreneurs to do business calculations with a high degree of certainty, knowing in terms of goods the value of money. And savers, who provide the monetary capital for future production can be confident of the future capital value of their savings when lending them for business investment purposes.
Sources: kingworldnews.com, www.zerohedge.com
Official Assembly Record
BE IT RESOLVED, that a motion was passed to charge the following respondents with attempted genocide:
> National Governors Association consisting of governor's in each creature state within the U.S.Federal Corporation; and
> Centers for Disease Control and Prevention (CDC); and
> World Health Organization (WHO); and
> Bill & Melinda Gates Foundation; and
> Bill Gates and Melinda Gates, co-chair, and trustees of the Bill & Melinda Gates Foundation; and
> Anthony Fauci, lead member of the Trump Administration's White House Coronavirus Task Force; and
> Christine Grady, head of the National Institutes of Health (NIH); and
> Tedros Adhanom head of the World Health Organization (WHO).
The continued growth of "fintech" nonbank remittance transfer providers and their further expansion into partnerships and other relationships with banks and credit unions, which allow such entities to tap into the closed network payment systems that nonbank remittance transfer providers have developed and (3) the continued growth and expanding partnerships of virtual currency companies, such as Ripple, which offer both a payments messaging platform to support cross-border money transfers as well as a virtual currency, XRP, which can be used to effect settlement of those transfers.
The Bureau also believes that expanded adoption of SWIFT's gpi product or Ripple's suite of products could similarly allow banks and credit unions to know the exact final amount that recipients of remittance transfers will receive before they are sent.
The nomination of Shelton appeared in jeopardy earlier this year as Republicans and Democrats on the banking panel expressed concerns over her views on the independence of the Fed from the White House, as well as her advocacy in the past for returning the United States to the gold standard.