Coming Our Way, Commodity Backed Money, the New Dollar
This is all conjecture, because there are too many moving parts, so i could be correct in all the parts, and wrong in the outcome, or even the direction of the outcome.
What i see coming about is something like
- Money of America, being issued by the treasury
- This money being backed by a basket of commodities.
- Congress being sent home
- The COMEX being a center of fraud, exposed
- The Fed being left as it is, and forgotten.
- The FRN - Federal Reserve Note is still there, but no one uses it.
- A huge war with central bank, but things were already at war.
The problem centers around the FRN being about to hyperinflate. And so, it has to be replaced. But the chaos that was supposed to allow the central banksters to bring in a new FRN, without much resistance, isn't going down like they planned.
And Trump (or the people behind Trump) brings about a Treasury issued "Dollar"
Faith Lost
One of the big problems of trying to issue a new currency right now is that people are already seeing through the curtain. The amount of fraud in our money. The banks and their banksters doing bad things.
So, it is not just that the FRN is losing value (inflation) it is also dying from people losing faith in it.
And then those 13 computers that DOGE found printing money… we are about to find out just how much money was printed, and not accounted for. Probably enough money to buy the stock market. What would you do, what would you think, if 9 out of 10 dollars were found to be counterfeit? Would you accept another dollar bill?
On top of this, we are going to see a lot of banks closing because of bankruptcy or fraud. People find they cannot get access to their dollars, that were in the banks. And this really changes people's view of FRNs.
After so much faith is lost, the next "Dollar" better have some backing.
New Dollar backed by a basket of commodities.
These are some of the commodities that are being talked about as backing for the New Dollar
- oil
- gold (and maybe silver)
- cryptos (bitcoin, ETH, XRP)
- copper
It may be that wheat, corn and other grains might be included, but that can get bad if we have a shortage.
I have no idea how this backing is going to be done. Gold notes used to be exchangeable, at any bank, for a gold coin. (back when gold was $20 an ounce) I believe that the little people cannot exchange their notes for anything real, which would make them worthless in my eyes, but most people will probably feel better about the backing. It may just be that you have to take delivery of a lot of asset at one time, or get permission (timing) and then to get in line.
Let us hope that these new dollars aren't just a flash in the pan.
Further, these things might be a digital currency…
Dollar = CBDC?
This is going to be difficult… it might turn terrifying in the middle, but it will work out better and better in the end.
The new dollar might be a digital currency. But, it might not be controlled by the central banks. But, but, it might carry all the risk of having your money forfeit at the push of a button, and all the tracking, we associate with CBDCs.
We will get to much better currencies over time, as we learn how they really work, and how to make them work better.
Bitcoin will probably be the world reserve currency, and some forms of crypto will be hung under that, making a network of cryptos. But, this is only step in between fiat currencies and what we will have in the future.
So, don't worry too much, because better is coming, and much better after that.
But, we may be jumping out of the frying pan, into the fire… but the frying pan is already disintegrating.
Sooooo, buy more silver.
Things are going to get really bad in the fiat currency world. We've all been expecting it. And it has been so long that many people are thinking it may never happen… and then, pow, pow, pow, we find that the financial systems empty. Void.
And then, something rises to fill it. It looks like it may be a American Treasury issued, commodity backed currency.
Although cryptos could be moved to, and the world would be better for it, too many people do not trust bitcoin yet. And probably won't until it is over $1,000,000!
It looks like MANY groups will be issuing dollar stable coins. I do not know if this will give us more time or less. But it will pave the way for the Treasury issued Dollars.
Precious metals will get priced higher and higher. Bitcoin will get priced higher and higher. And, at some point, no one will trade these for FRNs. Unobtainium is reached.
Anyways, there is much rustling about an American Treasury issued, basket of commodity back, dollar.
Please do not hold your breath, the future can turn on a dime.