I really can't tell what is happening in the world of the elite.
T.H.E.Y. seem to be falling apart.
Evidence of internal power struggles are happening.
Too much writing on the walls saying the monetary extortion scheme is failing.
I believe the rots-childs' bank plans to destroy the currencies and reissue the new, backed by gold currency is going to fall flat. That the plan to destroy the dollar will also destroy any faith in the FED.
So... we are leaving a world that was kinda defined by nations and physical boundaries
to a world where we have groups of corporations that have no borders.
They're not backing any currency with anything except confidence and fear. The Masters of the Universe are selling gold at fire sale prices today.
China and Russia are buying it by the ton. Turkey’s been an active buyer too, but on a smaller scale. China’s really in a league of its own.
While for years now central banks have been so assiduously manipulating the price of gold downwards, they have proved impossible to not prosecute by agencies desperately trying to look the other way. It is obvious to me they do not intend to let gold be a store of value or a port of safety during the coming crash, which is why I also don't predict a coming crash.
Frankly, I don't see why they can't just keep printing fiat out of thin air into their accounts. As long as that money doesn't actually get spent on anything besides interest payments, it doesn't cause inflation, and by making debt impossible for anyone without a printing press, they gradually force chattel into corrals... I mean people into smart cities... and out of the soon to be playground of the banksters, rural and wild lands, by making mortgages and property beyond the reach of ordinary folks.
Debt is a weapon, and I can think of a lot of ways, since FDR, of making gold impossible to take cover behind. An old saying comes to mind: 'He who dies with the most debt wins.'
I have had too many Guinness Stouts to make sense of the double-negatives. 😅
Sure, for the foreseeable future. But it will work until it doesn’t. Yeah, that’s a cliché, but it’s all about confidence. As long as the masses have confidence in the fiat in their pockets, extra deck chairs can be laid out on the promenade of the Titanic. But if confidence vanishes quickly, I want to have some store of value in reserve (gold, silver, crypto, etc.).
Alas, I have partaken of too much Rolling Rock to write well =p
If they intend to crash fiat, particularly dollars, and are aware that gold will act as a value store during such a crash - as it always has in the past - why would they be selling off gold reserves to the countries you named? More telling, they're selling gold by the ton while they're depressing the price. It really looks like whatever plan they have gives them confidence that gold won't be worth having as a reserve when they pull the trigger.
I can't predict the means they intend to use to keep folks from benefiting from gold reserves, but I can see that they're dumping gold at fire sale prices. Makes no sense to me unless they have no plans to crash fiat, and I reckon it's a good idea to have some PM's just to hedge inflation anyway.
Apparently what i typed earlier was complete garbage...
i was trying... and failing, to say that after T.H.E.Y. crash the dollar, T.H.E.Y. will be doing this thing where they issue a new currency "backed by gold"... but it will be a pain to convert... or some other shenanigans.
This is a future thing. And may not be the first thing T.H.E.Y. try.
i wasn't trying to say that The US has any backing. It is backed by the worlds largest terrorist organization.
That's why I mentioned fear. It's the currency they know how to mint best.