Posted on 07/08/2023 2:50:53 PM PDT by delta7
QUESTION: Do you think the BRICS would create a gold-back currency as proposed by Russia? SJ ANSWER: The Neocon has directed the Biden administration to remove Russia from SWIFT. Their single-minded goal is destroying the world economy, but they do not care. They think they will conquer Russia and China and dominate the world so they will worry about the monetary system afterward.
You have to understand that if the BRICS followed that directive and created a single gold-back currency, they would have to end any idea of international trade. This proposal is understandable given the hostility of the United States from the Neocons, who are now in charge. Congress is oblivious to what is happening, and the American public is arguing over Transgender destroying the family unit.
This is not some simple one-dimensional idea that we create a limited-backed currency. That will be DEFLATIONARY and, at the same time, promote civil war in the United States. Politicians cannot run for office, promising endless gifts, forgiving student loans, etc. You cannot have deficits. This would NECESSITATE the end of Marxism once and for all.
This idea of a gold-back currency requires political change on a grand scale. That is coming. Post-2032 will be a new monetary and political system. Before then, they are pushing CBDC, and they will restrict what you can buy or sell, and this is all to retain power because they KNOW they are losing it. But in the process, they are destroying everything. The people who voted for Biden had no clue that they were voting for a coup and the ultimate destruction of Western civilization as we have known it.
to remain as a hedge against the government. If they back the currency with gold, this time, they will be knocking down every door to confiscate it all. These Neocons have already divided the world economy in two. They think they will conquer the world. The enemy is within.
The guy can’t even write English and you think people should follow his advice?! It’s backED, no back. Gold back currency is just proof Armstrong is a moron. Gold BACKED currency on the other hand... is actually still a silly idea. The world economy is far too large to actually try to back it with anything. Not to mention gold is only valuable cause we say so, just like every other currency ever.
The Global Trading Order created at Bretton Woods is dying. Good riddance. We will no longer export American treasure, jobs and blood to support the system.
“We will no longer export American treasure, jobs and blood to support the system.”
Yet we’re still enslaved by the FED and their collection agency the IRS (armed).
Gold actually has some unique and beneficial qualities, it evidently is good paving material as well since The Good Lord uses it to pave his roads.
I would imagine that beginning in the year 2000 and for the next 11 years, Mr. Armstrong learned a great deal about alternative currencies.
would imagine that beginning in the year 2000 and for the next 11 years, Mr. Armstrong learned a great deal about alternative currencies.
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Yes he has, no less than a dozen sovereign nations ( governments) have called him to fix their woes, as has half a dozen major US financial institutions.
You may disagree with his ECM’s, but do realize FOUR years ago he stated the next major war starts in the then unheard of country called “Ukraine”. He is legendary in his forecasts….for the Armstrong haters, I have done, very, very well since 2001 when I started listening to him.
The choice is yours.
Yes, I understand that during his decade in prison, he helped establish the cross currency triangulation exchange rates of dollars to bars of soap and packs of Kools.
” The world economy is far too large to actually try to back it with anything”
A -profoundly- ignorant lack of understanding of the meaning of gold backed. I cannot help but wonder how much gold you think needs to exist to have a gold backed currency.
Little minds see little things and miss the important things.
By the way, the value of gold is not what matters.
What matters is that governments need some means of limiting how much paper they can print, whether money, bonds, etc.
Gold is limited in quantity, hard to counterfeit and easy to appraise,
It is dangerous to ridicule the value of gold when it has been held in such high esteem for how long? This story mentions 3100 BC.
I am not a gold bug, but I do believe one should have a litle of everything since we can not predict crazy
Darn....I forgot the link.
https://onlygold.com/facts-statistics/history-of-gold/
So, if I get one of these Bric gold dollars, they will give me gold in return for it? Because that’s the only way this would cause any damage.
I don’t think they have enough gold to do that for very long.
Or, how to make ten bucks….the hard way.
All gold buggers are little minds.
Gold was money because until the modern age of electronics it was completely useless. You don’t want your money to be consumed to make stuff or feed people. So we decided to make it money. And now small minded people who don’t understand history think it is innately valuable. It isn’t. Innately valuable things make bad. But we’ve been pretending it’s valuable so long people forget it’s a lie.
To back a multi quadrillion dollar global economy it would take a LOT of gold. Unless it’s a million bucks an ounce I guess.
The end goal, to confiscate it all. That's why actual
gold and silver coins themselves are not what is desired.
Any "backed" currency is a scam.
Actual money, gold and silver coins, is the last thing
the controlling powers want the people to have.
The purchasing power would be in the hands of the people, not theirs.
Why Has Gold Always Been Valuable?
Exactly. You have to lose the assumption that gold is currently “X” per ounce and there are “Y” dollars (or whatever) therefore we need Z ounces of gold. It isn’t about you having a coin in your pocket.
It is simply saying a unit of currency is worth a specified amount of gold. It could be a very small amount. The point is that a government could never create more money without holding the commensurate amount of gold. A nice inflation and welfare/warfare state preventer.
Why, then, wouldn't an actual coin itself work instead of a paper instrument (currency)?
Again you completely miss the point.
The need for gold as a backup for money is t keeps governments from printing money at the rate our government prints it.
It is the only way to bring sanity to the budget process.
A required gold reserve would also end the fallacy that the government can manage the economy. The record demonstrates that the Federal Reserve has done nothing more than harm, upset and render business and personal planning very difficult.
The Federal Reserve is a scam in the same class as the wu-flu and global warming/climate change.
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