Gold, Silver is value. Fiat currencies losing power
Gesara.news » News » Gold, Silver is value. Fiat currencies losing powerNews Date: July 25, 2020
Peter Schiff: The End of the Dollar Standard!
The reason that governments don't like gold is probably for the same reason that kids don't like chaperones at the senior prom. Because the chaperones are there to keep the kids in line and prevent them from doing things they really shouldn't be doing. And that's really what gold does. It's kind of like a chaperone for government politicians because it keeps them honest. Because if you have real money, and government wants to spend money on programs, it needs to collect that money in taxes. And that generally puts a brake on a lot of programs because the public doesn't want to pay.
Gold stands in the way, because you can print paper out of thin air. But gold can't be printed into existence; it needs to be mined. And if we're on a gold standard, and gold is money, then the government needs real money. And since it doesn't have the ability to make it, it has to collect it in taxes before it can spend it back into circulation.
It's not just the dollar. It's fiat currencies around the world that are losing purchasing power as their central banks are conjuring them into existence at a rate that's far more rapid than the miners are pulling gold out of the ground. Gold's a good store of value. So is silver. Bitcoin - no. Because bitcoin doesn't have any value and you can't store what you don't have.
It's not like we're finally seeing it. We've been seeing it for decades now. The monetary expansion is inflation. And the Fed's been expanding the money supply - they've been inflating the money supply for a long time.
So, I think that if we had a more honest CPI, the effects of inflation would be more apparent.
The government is really basically dropping money from helicopters, and it's about to drop a lot more. And that's going to go right into consumer goods, and it's going to push up prices.
I think the dollar is going to fall for a long time.
A. There's nothing modern about it. It's not like they just discovered the printing press. Central banks have been destroying their currencies with a printing press for a long time.
But if it's already been disproven multiple times, it's really not a theory. It's a tragedy is what it is. So, the whole name doesn't even make sense.
If you're creating all this inflation, eventually it's going to lead to a big increase in money supply, and then by their own definition, they're going to have to withdraw all that money from circulation if they don't want it to become worthless. But it's easier said than done. Once you get everybody high on heroin, how do you take the heroin away without them going through withdrawal? That's what the Federal Reserve just found out - again - when they tried to normalize interest rates after keeping them at zero for so long. The markets started hemorrhaging. They went into withdrawal in the fourth quarter of 2018 and everything started falling apart. So, they had to go back to QE. They had to go back to rate cuts. They had to keep the addict juiced up.
It's the ultimate something for nothing.
Governments hate gold because they cannot print it, and it is difficult for them to control.
Because they cannot print it or easily control it, gold has little use to them during the never-ending schemes to tax and then redistribute wealth.
Legal tender laws mean that all taxes must be paid in fiat currency, not gold or silver (held in physical form).
Nothing but sponsored fiat currencies issued by the government is acceptable to pay debts and taxes.
From 1946 to 1971, nations operated under a new monetary system: the Bretton Woods Agreement.
On August 15, 1971, Nixon removed gold as the backing to the U.S. dollar.
After Nixon left the Bretton Woods system, gold went from $35 an ounce in 1971 to over $1800 today.
The US Senate approved a stopgap funding bill Thursday in a rare show of cross-party unity to avert a crippling government shutdown and keep the lights on for another two months.
State of Emergency has been declared in at least 17 states in US. This is a direct message from Q to get ready. It is a military operation.
The financial system is based on fraud. Set up to steal from us. It takes the money we work hard to earn and gives it to a tiny group of individuals. With the infinite supply of money, we have allowed them to buy influence.
The good guys who are with us are applying pressure on this financial system to end it once and 4 all. And it's happening now. The banks don't have any money, the Federal Reserve no longer exists, the bad guys are panicking and fighting back in many ways including cyberattacks.
Sources: www.axios.com, www.ntd.com