It is a big mistake to say fiat currency isn’t backed by anything. The US dollar is backed by lies, terror, slaughter, murder, mass murder, and, ironically, the good faith of the people. You can’t eat gold. I advise backing BRICS with chocolate as well as gold.
There is a school of thought which believes the US Federal Reserve will be able to maintain financial stability of the global economy because it will simply provide an infinite amount of dollars whenever a crisis develops anywhere in the world.
Once the crisis has passed, the Fed will just suck all the extra dollars back out, to prevent hyperinflation from taking hold. They can repeat this process ad infinitum.
We are actually watching this dynamic taking place right now.
I believe the jury is currently out on whether deflation will follow the Fed policy of tightening. For example, egg prices have recently collapsed, adding to the rationale that widespread deflation is around the corner. Same beginning to happen in real estate.
By definition, such a process would temporarily reduce and then increase the buying power of the dollar. So the theory goes. We shall see.
What is ignored in this scenario is the subterranean global economic reform process which I believe is actually taking place to fully destroy the globalist fake free trade impoverishment regime and replace it with an enlightened mercantilism framework.
Given the two phenomena outlined above, which I believe will eventually have a confrontation, a return to some form of gold backed currencies around the world is inevitable.
As such, while I am not giving financial advice, I personally strongly favor making gold a significant part of any prudent investment portfolio.
Absolutely, 100% Pluribus. Gold and commodity based currencies (BRICS) are coming. Fiat will die with its Controllers. Jerome Powell is doing what he's doing for a reason. Some of us see it now; in a while it will become obvious for all to see.
The collapse of egg prices was truly breathtaking. About 2 years of price runups were reversed overnight, at least here in Utah.
As someone who worked in a position where bonuses were in part dependent on the margin of shell eggs for years, I found it fascinating as well. The Atkins diet was great for me! But this more recent spike in prices was not tied to anything logical -once the bird flu died down prices stayed up. It was very unnatural. And it didn’t line up with the natural cycle of repopulation of the barns in the industry. Now prices have dropped unexpectedly and again doesn’t follow past norms. Fascinating, as Mr. Spock would say.
My husband and I cannot believe how much you’ve been able to determine is going on behind the scenes! Your articles are so encouraging to those of us who don’t have personal leverage to attack some of these things as individuals. God has sure blessed you with some amazing gifts specially for this time and we are so thankful that you are sharing them with your readers! You are very much appreciated! God bless you.🙏
Ty for that my friend! Encouragement, teaching and discernment are my strongest gifts and I try to use them to the best of my ability for others. I’m blessed to be living at such a time as this and to witness it with my own eyes. I’m also blessed to have a wonderful community to share it with.
So in effect, when Nixon took us off the gold standard, he handed control of our buying power over to the whims of the self-serving moneychangers (and the elites who are in bed with them) - the people whose tables Jesus turned over in the Temple, driving the gilded thieves and their four-footed products out the doors with a whip. Let’s go!
There are many who believe the true reason Christ was crucified was for kicking out the money-changers, who are the ancestors to today's Cabal. Indeed they were then, and are now, evil.
Nixon was controlled out of the Pilgrims Society in England. The new king is the head of about 40% of the power in his section of deep state. His slice of feeding off the debt-slaves. The other 60% is made up of Russian, African, Oriental, etc groups.
Thank You Joe for another excellent article reminding us that a gold backed dollar is in the Constitution! It is exciting to think that the Federal Reserve will be just a bad memory before too long. Since Q told us that gold will destroy the Fed I have been patiently looking forward to that!
It’s coming Emerald, and our financial system will completely change. We’ve never experienced financial freedom in our lives. The system will no longer be rigged against us. No more shackles.
Thank you for another awesome article. I am not savvy about money at all and I get a lot out of your articles. Thank you for for your apparent consideration of differences in people’s level of understanding!
I’m really an average Joe so I write things how I myself understand them. It seems to be helpful for a lot of people and I’m very grateful for that. Ty for your encouragement!
Thanks Joe for this very informative article. I invested a large part of my IRA into a gold IRA. I worried about the fact my gold was being stored somewhere in Texas, but now that I know what Texas has done I feel 100% better. And I feel even better about making a move to TN now. Your articles always make me feel better. Thanks again!
I’ve been waiting for details on our quest to reinstate the gold standard. I didn’t realize we were this far along. Your article was very well written & a joy to read. You’ve made my day. Thank you.
Thank you M4T!!! Things are moving fast. My next article on CBDC will tie into this article on a return to the gold standard. The next six months will have huge worldly events that will permanently change the world’s financial system that has been forever dominated by a cabal of elites.
I’ve heard people talk about $500 silver. It’s certainly possible given what’s coming.
There’s no way to know for sure because we’ve never been in this situation before. I know that panic isn’t here yet but when panic happens we’ll see some big moves in gold and silver.
Don't think about it in terms of 'when silver goes to $500 look how much more money I have' but rather 'I'm thankful I bought metals when I could, because otherwise all I'd have now is a bunch of nearly worthless paper.'
In other words, gold and silver are for wealth preservation. It's said that over history, a one-ounce gold coin would always buy a tailored men's suit. In other words gold's value remains more or less constant, when paper money is almost always losing value.
If silver goes to $600, that simply means that the USD will be worth about four cents of today's value. That's why you want some precious metals in your portfolio.
Amen! Appreciate you following and commenting! You have a take on gold in 24 months? Kirk Elliot is thinking in terms of 24 months hitting precious metals peaks.
I don't make specific predictions, especially now with so much uncertainty in the markets and political situation world-wide. I would have thought gold would be higher by now, especially considering how much the central banks are reportedly buying, but so far it seems to have settled in around $2000, where it's been since mid March; it seems to have support on both the upside (sellers) and downside (buyers). If and when the sellers taking profits at $2K have all sold their inventory, then prices will move up.
In the long run precious metals, like most commodities, move in response to inflation. There is inertia in the markets, along with uncertainty; it's hard to tell at any point in time which will dominate.
It is a big mistake to say fiat currency isn’t backed by anything. The US dollar is backed by lies, terror, slaughter, murder, mass murder, and, ironically, the good faith of the people. You can’t eat gold. I advise backing BRICS with chocolate as well as gold.
I like chocolate!😁😁
Your forgot debt.
😂🤣😂
There is a school of thought which believes the US Federal Reserve will be able to maintain financial stability of the global economy because it will simply provide an infinite amount of dollars whenever a crisis develops anywhere in the world.
Once the crisis has passed, the Fed will just suck all the extra dollars back out, to prevent hyperinflation from taking hold. They can repeat this process ad infinitum.
We are actually watching this dynamic taking place right now.
I believe the jury is currently out on whether deflation will follow the Fed policy of tightening. For example, egg prices have recently collapsed, adding to the rationale that widespread deflation is around the corner. Same beginning to happen in real estate.
By definition, such a process would temporarily reduce and then increase the buying power of the dollar. So the theory goes. We shall see.
What is ignored in this scenario is the subterranean global economic reform process which I believe is actually taking place to fully destroy the globalist fake free trade impoverishment regime and replace it with an enlightened mercantilism framework.
Given the two phenomena outlined above, which I believe will eventually have a confrontation, a return to some form of gold backed currencies around the world is inevitable.
As such, while I am not giving financial advice, I personally strongly favor making gold a significant part of any prudent investment portfolio.
That is going to be very interesting to watch play out.
Absolutely, 100% Pluribus. Gold and commodity based currencies (BRICS) are coming. Fiat will die with its Controllers. Jerome Powell is doing what he's doing for a reason. Some of us see it now; in a while it will become obvious for all to see.
The collapse of egg prices was truly breathtaking. About 2 years of price runups were reversed overnight, at least here in Utah.
As someone who worked in a position where bonuses were in part dependent on the margin of shell eggs for years, I found it fascinating as well. The Atkins diet was great for me! But this more recent spike in prices was not tied to anything logical -once the bird flu died down prices stayed up. It was very unnatural. And it didn’t line up with the natural cycle of repopulation of the barns in the industry. Now prices have dropped unexpectedly and again doesn’t follow past norms. Fascinating, as Mr. Spock would say.
I az too
My husband and I cannot believe how much you’ve been able to determine is going on behind the scenes! Your articles are so encouraging to those of us who don’t have personal leverage to attack some of these things as individuals. God has sure blessed you with some amazing gifts specially for this time and we are so thankful that you are sharing them with your readers! You are very much appreciated! God bless you.🙏
Ty for that my friend! Encouragement, teaching and discernment are my strongest gifts and I try to use them to the best of my ability for others. I’m blessed to be living at such a time as this and to witness it with my own eyes. I’m also blessed to have a wonderful community to share it with.
Blessings to you my friend
Amen!
So in effect, when Nixon took us off the gold standard, he handed control of our buying power over to the whims of the self-serving moneychangers (and the elites who are in bed with them) - the people whose tables Jesus turned over in the Temple, driving the gilded thieves and their four-footed products out the doors with a whip. Let’s go!
So true! It’s interesting that the only people Jesus ever got outwardly angry at were the money changers.
Jesus knew the evil they bring to the world.
And physical! Even the Pharisees didn’t cause him to look for something to use on their sorry hides.
You got that right!!😂😂
There are many who believe the true reason Christ was crucified was for kicking out the money-changers, who are the ancestors to today's Cabal. Indeed they were then, and are now, evil.
Nixon was controlled out of the Pilgrims Society in England. The new king is the head of about 40% of the power in his section of deep state. His slice of feeding off the debt-slaves. The other 60% is made up of Russian, African, Oriental, etc groups.
Emperors and pawns.
Educating the masses one post at a time. Thank you
Thank you very much Anne! I really appreciate you!
Thank You Joe for another excellent article reminding us that a gold backed dollar is in the Constitution! It is exciting to think that the Federal Reserve will be just a bad memory before too long. Since Q told us that gold will destroy the Fed I have been patiently looking forward to that!
It’s coming Emerald, and our financial system will completely change. We’ve never experienced financial freedom in our lives. The system will no longer be rigged against us. No more shackles.
IT IS Either you UNITE WITH GOD AND LIKE MINDED OR Succumb to communist atheist left globallist evil death
Thank you for another awesome article. I am not savvy about money at all and I get a lot out of your articles. Thank you for for your apparent consideration of differences in people’s level of understanding!
I’m really an average Joe so I write things how I myself understand them. It seems to be helpful for a lot of people and I’m very grateful for that. Ty for your encouragement!
WIN WITH PRESIDENT TRUMP
Joe,
You & Your Brothers Always Do Comprehensive Work.
I reckon you'll ease into the worse.
Review never hurts any Reader when you broach this subject again, but I know you got that down.
PEACE Brother.
MORE POWER TO YOU & YOURS !
Thank you so much for that encouragement my friend!!
Absolutely!
Now I see why desantis just banned cbdc.
I think it helps set up the court showdown I’m describing in my article.
We need the SC to once again restore sound money as defined by the constitution.
Thanks Joe for this very informative article. I invested a large part of my IRA into a gold IRA. I worried about the fact my gold was being stored somewhere in Texas, but now that I know what Texas has done I feel 100% better. And I feel even better about making a move to TN now. Your articles always make me feel better. Thanks again!
Wow!! Very timely info for you my friend! You have some big things happening and sounds like you are on a great adventure!!
What about the DE depository, anyone know about the legitimacy of that?
I don’t know anything about it except that it is a private depository, it’s not owned by the state government
Good to know…
I’ve been waiting for details on our quest to reinstate the gold standard. I didn’t realize we were this far along. Your article was very well written & a joy to read. You’ve made my day. Thank you.
Thank you M4T!!! Things are moving fast. My next article on CBDC will tie into this article on a return to the gold standard. The next six months will have huge worldly events that will permanently change the world’s financial system that has been forever dominated by a cabal of elites.
Joe...heart attack Wy Dave again...Kirk Elliot thinks Silver is going up to $600 oz in 24 months...your thinking about gold?
We are holding Silver and much less gold.
I’ve heard people talk about $500 silver. It’s certainly possible given what’s coming.
There’s no way to know for sure because we’ve never been in this situation before. I know that panic isn’t here yet but when panic happens we’ll see some big moves in gold and silver.
Don't think about it in terms of 'when silver goes to $500 look how much more money I have' but rather 'I'm thankful I bought metals when I could, because otherwise all I'd have now is a bunch of nearly worthless paper.'
In other words, gold and silver are for wealth preservation. It's said that over history, a one-ounce gold coin would always buy a tailored men's suit. In other words gold's value remains more or less constant, when paper money is almost always losing value.
If silver goes to $600, that simply means that the USD will be worth about four cents of today's value. That's why you want some precious metals in your portfolio.
Amen! Appreciate you following and commenting! You have a take on gold in 24 months? Kirk Elliot is thinking in terms of 24 months hitting precious metals peaks.
Thx,
Dave
I don't make specific predictions, especially now with so much uncertainty in the markets and political situation world-wide. I would have thought gold would be higher by now, especially considering how much the central banks are reportedly buying, but so far it seems to have settled in around $2000, where it's been since mid March; it seems to have support on both the upside (sellers) and downside (buyers). If and when the sellers taking profits at $2K have all sold their inventory, then prices will move up.
In the long run precious metals, like most commodities, move in response to inflation. There is inertia in the markets, along with uncertainty; it's hard to tell at any point in time which will dominate.
Awesome work Joe!
Ty very much Steve!!