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A Monetary System as Good as Gold

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News Date: July 16, 2020

The gold standard provides a better anchor for inflation expectations without an obvious cost in terms of lower output or higher unemployment.
The gold standard isn't perfect. No system is. But it has many virtues. A strong case can be made that it's the best of all feasible institutional alternatives. Lawrence White, puts it: The gold standard is still the gold standard among monetary systems.
Source: www.aier.org

New Dollar Backed by Gold Coming This October 2020?

The rumor, and big fear, is that the IMF may opt to remove the US from the global SDR basket, effectively reducing the US's veto rights from the world stage. SDRs would then be a step closer to replacing the greenback as the world's reserve currency.
With the IMF attempting to pull off a fiscal reckoning minus the US dollar, President Trump may pull off a global reckoning of his own, by issuing US Treasury Notes backed by gold.
Source: gsiexchange.com

Money Is Gold, confidence in dollar is lost

Confidence in the dollar is lost completely, central bankers need to restore confidence, and they turn to some type of gold standard to do so.
John Pierpont Morgan: Money is gold, and nothing else.
The peak gold production is already here. There are no new goldfields of any significance waiting to be discovered.
As confidence in the dollar erodes due to Fed money printing and congressional super-deficits, investors gradually look for alternative stores of wealth, including gold. The time to go for the gold is now.
Sources:www.zerohedge.com, www.silverdoctors.com, www.zerohedge.com

Gold Rush to Dump U.S Debt

As the world continues down the road of extreme uncertainty, investors and foreign central banks continue to turn to the oldest form of money as a measure of providing some stability, gold.
So far, in 2020, central banks have added a net of 181 tons of gold to their reserves. Gold continues to retain its position of being the most reliable store of value and means of exchange in times of extreme uncertainty. This should explain why several central banks plan on continuing to increase their gold reserves in 2020.
Example:www.goldtelegraph.com

Visa Files Patent For Blockchain Digital Fiat Currency

Visa International has filed for a cryptocurrency system patent that is meant to replace physical currency. The system, which utilizes both central banks and commercial banks, leverages a private blockchain to improve the payment ecosystem. The filing is for a fiat-linked cryptocurrency system using a private distributed ledger technology (DLT).
Source:bitcoin.com

Donald Trump issued a secret presidential memorandum to Declassify Anti-aging & Free Energy Technologies

According to a secret space program whistleblower, Corey Goode, President Donald Trump issued a highly classified Memorandum soon after his January 20th inauguration ordering the release of a group of classified patents concerning anti-aging and health, along with free energy technologies.
Source:exopolitics.org

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