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Gold is real money, store of value, alternative to cash

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News Date: September 9, 2020

Schiff: Because I think they are also underestimating just how much inflation global central banks are going to create - in particular the Federal Reserve - and how much value the US dollar is going to lose against other fiat currencies, but in particular against real money, which is gold.
I don't even look at gold bullion as an investment. I look at it as a store of value - as an alternative to cash.
I think gold is going to make a much bigger rise against these fiat currencies. But as an investment, I think investors should be at gold mining stocks. Fed is not winning a long-term game. They continue to print money, devalue the currency, and continue to essentially run the American currency into the ground.
Peter responded saying that just because blockchain technology has value doesn't mean bitcoin itself does.
Sources:www.zerohedge.com

Bill Gates arrested hoax

The satirical news website The Betoota Advocate became viral satirizing an alleged FBI Arrest of Bill Gates For Biological Terrorism
At the beginning, the lights of the pre-painted picture betray them.
Source:betootaadvocate.com, wikipedia.org

Fed destroys the dollar again by historic strategy

Fed lays out historic shift to inflation strategy targeting 2% average inflation and focusing on jobs.
Rumors suggest that the Fed would allow rates to go as high as 4%.
Stocks jumped, as investors took heart from Federal Reserve Chair Jerome Powell's pledge.
Sources:www.federalreserve.gov, finance.yahoo.com

Vatican and Buckingham Assets seized?

Pope Francis has formally stripped the Vatican secretariat of state of its financial assets and real estate holdings following its bungled management of hundreds of millions of euros in donations and investments that are now the subject of a corruption investigation.
Paintings hanging in Buckingham Palace picture gallery have been removed for the first time in almost 45 years. Some of the paintings include works by Vermeer and Rembrandt. The palace is undergoing a 10-year refurbishment to replace dangerous wiring and ageing infrastructure. As part of this work, the 200-year-old roof of the picture gallery will be replaced.
Sources: www.youtube.com, www.washingtontimes.com

Judy Shelton Restoring Order to the Global Currency System

President Donald J. Trump Announced Intent to Nominate Individuals to Key Administration Posts,
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.
Source:www.whitehouse.gov
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.
Source:twitter.com

The Birth of a New Currency by Ron Paul

Ron Paul was the leading champion of sound money in all his years while in the United States Congress. Here he explains why sound money has meant the gold standard. Paul maps out a plan to bring about a dollar that would be protected against manipulation by government and central bankers. This monograph first appeared in 1981, and it has been in wide distribution ever since.
Source: www.youtube.com

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