Gold, Silver is value. Fiat currencies losing power
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News 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.
Source:www.youtube.com
CEO of SVB exits the board of FED
CEO of Failed Silicon Valley Bank No Longer a Director at SF Fed.The chief executive officer of failed Silicon Valley Bank, Greg Becker, is no longer on the board of directors at the Federal Reserve Bank of San Francisco.
The spokesperson declined to say how Becker exited the San Francisco Fed board.
(Reuters)
BRICS currency officially announced
The Kremlin has announced the development of a blockchain-based payment system within the BRICS alliance.Kremlin aide Yury Ushakov emphasized the importance of creating an independent BRICS payment system using modern tools like digital technologies and blockchain, aiming for convenience, cost-effectiveness, and non-political influence.
The focus for the year is to enhance BRICS's role in the international monetary system, with an emphasis on increasing settlements in national currencies and strengthening correspondent banking networks.
Work will continue on the Contingent Reserve Arrangement, particularly focusing on currencies other than the US dollar, as outlined in the 2023 Johannesburg Declaration.
Craft using an inertial mass reduction device Patent US10144532B2
Craft using an inertial mass reduction device comprises of an inner resonant cavity wall, an outer resonant cavity, and microwave emitters.The electrically charged outer resonant cavity wall and the electrically insulated inner resonant cavity wall form a resonant cavity. The microwave emitters create high frequency electromagnetic waves throughout the resonant cavity causing the resonant cavity to vibrate in an accelerated mode and create a local polarized vacuum outside the outer resonant cavity wall.
Sources:patents.google.com
Trump: Ready to release suppressed technologies
Trump stated on Inauguration day: We stand at the birth of a new millennium, ready to unlock the mysteries of space, to free the Earth from the miseries of disease, and to harness the industries and technologies of tomorrow. A new national pride will stir our souls, lift our sights, and heal our divisions.NESARA is meant to Enable the release of over 6,000 patents of suppressed technologies that are being withheld from the public under the guise of national security.
Donald Trumps uncle, John Trump Was Asked to Inspect Nikola Tesla Papers After the Inventors Death.
Here are some incredible patents:
Craft using an inertial mass reduction device Patent US10144532B2
High frequency gravitational wave generator Patent US10322827B2
Triangular spacecraft patent Patent US20060145019A1
Full body teleportation system patent US20060071122A1
Cosmic gravitational energy antigravity flying saucer patent CN1850542A
AIDS Cure Patent US5676977
Quantum vacuum energy extraction US7379286B2
...and many more being withheld from the public.
Scientist Behind The Navy UFO Patents Has Filed One For A Compact Fusion Reactor.
Sources: heavy.com, thedrive.com
Argentina abolishes income tax
Argentina's government, ahead of a critical October 22nd election, has surprised many by announcing a tax exemption for millions of citizens, sparing them from income tax payments.This move, amidst rampant inflation, directly contradicts Argentina's IMF deal, causing controversy.
It's seen as a political strategy to win favor in the election, but critics worry about its impact on fiscal responsibility and economic stability.
This decision underscores the intricate relationship between economic policy and politics in Argentina and raises questions about the nation's global financial reputation.