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

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

Donald Trump nationalized the Federal Reserve

Game Over! RIP Federal Reserve!!!
Fed and Treasury to Merge.
The federal government is nationalizing large swaths of the financial markets. The Fed is providing the money to do it. BlackRock will be doing the trades. This scheme essentially merges the Fed and Treasury into one organization. So, meet your new Fed chairman, Donald J. Trump.
Source:finance.yahoo.com

China testing digital yuan in four cities

The app is available for download in four cities selected for the initial trial: Shenzhen, Chengdu, Suzhou and Xiongan. She highlights the inclusion of Xiongan, a new metropolis located on the outskirts of Beijing
Source:coindesk.com

Debt Jubilee by Trump pick to lead World Bank

President of the WorldBank Group remarks to G20 Finance Ministers & Central Bank Governors I emphasized the need for further progress on:
1. Debt Suspension;
2. Debt Reduction;
3. Debt Resolution;
4. Debt Transparency.
The situation in developing countries is increasingly desperate. Time is short. We need to take action quickly on debt suspension, debt reduction, debt resolution mechanisms and debt transparency.
WASHINGTON, July 18, 2020
Full remarks here:www.worldbank.org
US President Donald Trump has nominated David Malpass as his pick for the next World Bank president:
Source:www.whitehouse.gov

Gold, Silver is value. Fiat currencies losing power

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