More Golden (and Black-Gold) Proof: The Dollar is In Deep Trouble
Posted by freedomforall 4 months, 1 week ago to Economics
Excerpt:
"Ever since day-one of the predictably disastrous and politically myopic insanity of weaponizing the world reserve currency against a major power like Russia, we warned that the USD had reached an historical turning point of slow demise and increasing de-dollarization.
We also warned that this would be a gradual process rather than over-night headline, much like the slow but steady death of the USD’s purchasing power since Nixon left the gold standard in 1971:
But as we’ll discover below, this gyrating process is happening even faster than we could have imagined, and all of this bodes profoundly well for physical gold, yet not so well for the USD."
"Ever since day-one of the predictably disastrous and politically myopic insanity of weaponizing the world reserve currency against a major power like Russia, we warned that the USD had reached an historical turning point of slow demise and increasing de-dollarization.
We also warned that this would be a gradual process rather than over-night headline, much like the slow but steady death of the USD’s purchasing power since Nixon left the gold standard in 1971:
But as we’ll discover below, this gyrating process is happening even faster than we could have imagined, and all of this bodes profoundly well for physical gold, yet not so well for the USD."
1) Stay in the US and suffer from government 'war lord' criminal corruption activity stealing from every productive person, and a state of war with many countries where US government 'war lord' policies are killing innocent civilians and creating terrorists who hate Americans.
2) Leave the US and put up with drug 'war lords' fighting to get their products to the addicted useful idiots in the US market.
The latter is becoming the lesser of two evils.
Becoming effective Jan 1, 2024, all transactions of $10k or more must be reported to the IRS:
The Infrastructure Investment and Jobs Act, which passed Congress in November of 2021, included a provision amending the Tax Code to require anyone who receives $10,000 or more in cryptocurrency in the course of their trade or business to make a report to the IRS about that transaction. The report must include, among other things, the name, address, and Social Security number of the person from whom the funds were received, the amount received, and the date and nature of the transaction. If you don’t file a report within 15 days of receiving the transaction, you could be found guilty of a felony offense.
The full article: https://www.coincenter.org/new-crypto...
And they know that the interest can't be paid because not enough money exists to pay it (unless lots more loans are created from nothing which just feeds the positive feedback to collapse into the Ponzi system.)
the BRICS are their way of deflecting blame so NOBODY Suggests getting rid of a broken system!
It's like Communism. Just give us one more try and we can get it right.
That entire system ignores human nature.
The Ponzi federal reserve banking system hides the evil thieving sociopaths and calls them "experts", "public servants", "investment advisers", "economists", and "central bankers."
It’s kind of like the thing that makes the dollar the ultimate weapon of the United States is that it’s backed by NOTHING. They can alter the supply how ever they wish when ever they wish. Sure there’s a lot of pearl clutching but that’s all it is.
Enter BitCoin….also a fiat backed by nothing. But they don’t completely control it. So THATS a problem for them. The last thing I saw them do in 2017 was “make” a lot of USDT (tether) which they used to buy BTC. They literally made more of nothing and used it to buy nothing so it would take more of nothing to buy nothing.
That’s really something.
Gold, Goats and Guns for the WIN!
all on purpose