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.
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.🙏
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!
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!
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!
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.
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.
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.🙏
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!
Educating the masses one post at a time. Thank 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 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!
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 !
Absolutely!
Now I see why desantis just banned cbdc.
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.
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.
Awesome work Joe!