Dollar crash, Global Currency Reset, Gold standard
Gesara.news » News » Dollar crash, Global Currency Reset, Gold standardNews Date: September 30, 2020
Analysts think the Chinese and Russian could reenter the gold market next year, ramping up demand.
Central bank gold-buying is expected to ramp up again in 2021 with Russia and China possibly entering back into the market. Citigroup and HSBC Securities both expect an increase in central bank gold purchases next year after a drop-off in 2020.
China stockpiling gold will devastate the US dollar.
Yale Economist Warns Of Looming Dollar Collapse, And this is going to usher in a real economic crisis in America, unlike something we have ever seen.
The world is about to Return To The Gold Standard by the Global Currency Reset.
Sources:www.youtube.com, www.zerohedge.com, schiffgold.com
Judy Shelton of Virginia, to be a Member of the Board of Governors of the Federal Reserve System for the remainder of a 14-year term expiring January 31, 2024.
She is author of:
The Coming Soviet Crash: Gorbachev's Desperate Pursuit of Credit in Western Financial Markets.
Money Meltdown: Restoring Order to the Global Currency System.
Judy Shelton interview on gold standard:
"I like the idea of a gold backed currency, it could even be done in a Cryptocurrency sort of way.
A unified money system, so when you talk about the international marketplace, everyone is playing on a level monetary playing field.
I don't see it so much as returning [to the gold standard], more like 'back to the future.' I think that what a gold standard stands for is monetary discipline for its own sake. Money is supposed to be a unit of account, a reliable measure and a dependable store of value. It really shouldn't be subject to who's the chairman of the Federal Reserve.
How can a dozen [...] people meeting eight times a year, decide what the cost of capital should be versus some kind of organically, market supply determined rate? The Fed is not omniscient. They don't know what the right rate should be. How could anyone? [...] If the success of capitalism depends on someone being smart enough to know what the rate should be on everything we're doomed. We might as well resurrect Gosplan.
A linked system could allow currency convertibility by individuals (as under a gold standard) or foreign central banks (as under Bretton Woods). Either way, it could redress inflationary pressures.
He referenced the power back to the People, Wealth, Technologies, Prosperity, Security and World Peace.
The day when The people became the rulers of their great nation again. The Big Dream started!
The flag of Washington's District of Columbia has 3 red stars, each symbolizing a city state within the three city empire. The three city empire consists of Washington D.C., London, and Vatican City.