US Is Going Back To The Gold Standard.

[Luigi1]

Here's some articles of Dinarian interests...

OBiden Announces another round of student loan forgiveness.

OBiden Announces basic universal basic income for all illegals while ignoring the plight of Americans.

The economy is in shambles & more debts are being piled on to the taxpayers.

OBiden is spending our taxes & piling on debts like a drunken sailor.

Top economists & bankers are sounding the alarm.

First, the good news, then, the bad news.

Treat as rumors.  Not verified.  Your opine.

 

 

FROM OTHER SOURCES:                            Monetary Revolution: The Fed Considers Ditching Fiat Currency For Gold.

ARTICLE:  Is the U.S. on the Verge of Adopting a Beneficial Financial System Reset?

An unbelievable financial report was recently released outlining mathematically modeled scenarios for moving from Fiat to Gold financial systems.

I couldn’t believe my eyes when I read this Philadelphia Federal Reserve Bank’s February 2024 analysis and Working Paper.

The Fed, a principal overlord of modern fiat debt currency finance, is seriously contemplating a move that seems straight out of history books: bringing back a gold-backed currency for the United States and the global financial system.

 

Why This Matters Now:

You might wonder, why consider this now? The Fed’s analysis shines a light on three big reasons:

Long-term Price Stability: Gold ties the hands of those who print money, ensuring that over time, prices don’t wildly fluctuate. Think of it as a financial thermostat that keeps the economy at a comfortable temperature.

Money That Means Something: Right now, if the economy starts to falter, the government can just decide to print more money. Under a gold standard, this wouldn’t be as easy. Money would have real value tied to something physical& as a result, its impact on the economy would be more predictable and steady.

Protection from Economic Storms: The world economy is a complex web of trade and investment.  The Fed believes that linking money to gold could act as a buffer against sudden shocks from abroad that can send our economy into a tailspin.

 

 

 

FROM OTHER SOURCES:                          America’s Biggest bank Sounds The Alarm Bell.

 

ARTICLE:  Jamie Dimon, the CEO of JP Morgan Chase, did not open his annual shareholder letter with rosy language about the state of the world, or even enthusiasm about his bank’s record profits.

 

Instead, he describes “yet another year of significant challenges” including the war in Ukraine, war in the Middle East, extreme tensions with China, higher food and energy prices, turmoil in the banking sector, outrageous government deficits & even major risks with the Federal Reserve’s monetary policy.

 

 

Dimon writes that “America’s global leadership role is being challenged outside by other nations & inside by our polarized electorate,” and that this is a “time of great crises”.

 

He went on with a few charts & thoughts about the bank’s business & financial performance over the last year… & then dedicated most of the remaining 57 pages of his letter to the serious problems which face the world.

 

His observations are wide-reaching– from the decay of social cohesion to the prospect of war & higher inflation, to the serious potential for a reset of the Bretton Woods system (which made the US dollar the world’s reserve currency).

 

Frankly the letter almost reads as a manifesto written by someone who is completely fed up with government incompetence & positioning himself to run for office.  I can’t agree with everything he says, but it’s obvious that his ideas are balanced & well thought out.

 

 

There are a few points in particular worth repeating.

1. Keep it in perspective; the world is not coming to an end

“If you read the newspaper from virtually any day of any year since World War II,” Dimon writes, “there is abundant coverage on wars — hot & cold — inflation, recession, polarized politics, terrorist attacks, migration and starvation.  As appalling as these events have been, the world was generally on a path to becoming stronger and safer.”

 

This is absolutely a true statement. It’s easy to get caught up in the negativity while missing the abundance of growth &opportunity.

 

In the year 1918, most people probably thought that the world was coming to an end.  The Great War was at its peak, economies were faltering, inflation was surging, rationing & shortages were everywhere… & then the Spanish flu popped up and killed tens of millions of people.

 

Bleak times indeed. And yet the next century was the most prosperous in human history… despite a very bumpy path along the way.

This is similar to where we are today. Yes, Inspired Idiots have caused a gigantic mess.  But the general trajectory of the human species is still improving.

 

 

2. That said, long-term risks should not be underestimated. Especially for the West.

Dimon finds that there is “too much emphasis on short-term, monthly data and too little on long-term trends” & he talks about inflation as a great example.

 

Economists & investors tend to be almost singularly focused on monthly inflation reports in an effort to divine if & when the Federal Reserve will cut interest rates.

 

 

2. That said, long-term risks should not be underestimated. Especially for the West.

Dimon finds that there is “too much emphasis on short-term, monthly data and too little on long-term trends”, and he talks about inflation as a great example.

Economists and investors tend to be almost singularly focused on monthly inflation reports in an effort to divine if and when the Federal Reserve will cut interest rates.

 

The inflation might not show up next month or next quarter, but he believes (as do we) that the coming years are full of “persistent inflationary pressures”.

 

3. These problems are still solvable.

We’ve written extensively that the problems facing the US & the West are still solvable.  For now.  But every year that the problems continue to be ignored brings the country closer to a point of no return… where there is no way out but default.

 

Dimon is not shy about offering up suggestions, many of which we have written about in the past.  He talks about border security, streamlining sensible regulations, & economic policies which prioritize growth.

 

“Unfortunately,” Dimon writes, “the message America hears is that the federal government does not value business — that business is the problem & not part of the solution.”

 

“There are fewer individuals in government who have any significant experience in starting or running a company, which is apparent every day in the political rhetoric that demonizes businesses & free enterprise and that damages confidence in America’s institutions.”

 

He says he finds it “astounding that many in Congress know what to do & want to do it but are simply unable to pass legislation because of partisan politics”.

 

 

 

 

[hspotman]

Maybe it's just me, but I didn't read anything positive in here for us regarding the dinar. In fact, nothing about  the dinar?

[Longtimelurker]

3 minutes ago, hspotman said:

Maybe it's just me, but I didn't read anything positive in here for us regarding the dinar. In fact, nothing about  the dinar?

Nope. The title is accurate 👌 

[Longtimelurker]

18 minutes ago, Luigi1 said:

Here's some articles of Dinarian interests...

OBiden Announces another round of student loan forgiveness.

OBiden Announces basic universal basic income for all illegals while ignoring the plight of Americans.

The economy is in shambles & more debts are being piled on to the taxpayers.

OBiden is spending our taxes & piling on debts like a drunken sailor.

Top economists & bankers are sounding the alarm.

First, the good news, then, the bad news.

Treat as rumors.  Not verified.  Your opine.

 

 

FROM OTHER SOURCES:                            Monetary Revolution: The Fed Considers Ditching Fiat Currency For Gold.

ARTICLE:  Is the U.S. on the Verge of Adopting a Beneficial Financial System Reset?

An unbelievable financial report was recently released outlining mathematically modeled scenarios for moving from Fiat to Gold financial systems.

I couldn’t believe my eyes when I read this Philadelphia Federal Reserve Bank’s February 2024 analysis and Working Paper.

The Fed, a principal overlord of modern fiat debt currency finance, is seriously contemplating a move that seems straight out of history books: bringing back a gold-backed currency for the United States and the global financial system.

 

Why This Matters Now:

You might wonder, why consider this now? The Fed’s analysis shines a light on three big reasons:

Long-term Price Stability: Gold ties the hands of those who print money, ensuring that over time, prices don’t wildly fluctuate. Think of it as a financial thermostat that keeps the economy at a comfortable temperature.

Money That Means Something: Right now, if the economy starts to falter, the government can just decide to print more money. Under a gold standard, this wouldn’t be as easy. Money would have real value tied to something physical& as a result, its impact on the economy would be more predictable and steady.

Protection from Economic Storms: The world economy is a complex web of trade and investment.  The Fed believes that linking money to gold could act as a buffer against sudden shocks from abroad that can send our economy into a tailspin.

 

 

 

FROM OTHER SOURCES:                          America’s Biggest bank Sounds The Alarm Bell.

 

ARTICLE:  Jamie Dimon, the CEO of JP Morgan Chase, did not open his annual shareholder letter with rosy language about the state of the world, or even enthusiasm about his bank’s record profits.

 

Instead, he describes “yet another year of significant challenges” including the war in Ukraine, war in the Middle East, extreme tensions with China, higher food and energy prices, turmoil in the banking sector, outrageous government deficits & even major risks with the Federal Reserve’s monetary policy.

 

 

Dimon writes that “America’s global leadership role is being challenged outside by other nations & inside by our polarized electorate,” and that this is a “time of great crises”.

 

He went on with a few charts & thoughts about the bank’s business & financial performance over the last year… & then dedicated most of the remaining 57 pages of his letter to the serious problems which face the world.

 

His observations are wide-reaching– from the decay of social cohesion to the prospect of war & higher inflation, to the serious potential for a reset of the Bretton Woods system (which made the US dollar the world’s reserve currency).

 

Frankly the letter almost reads as a manifesto written by someone who is completely fed up with government incompetence & positioning himself to run for office.  I can’t agree with everything he says, but it’s obvious that his ideas are balanced & well thought out.

 

 

There are a few points in particular worth repeating.

1. Keep it in perspective; the world is not coming to an end

“If you read the newspaper from virtually any day of any year since World War II,” Dimon writes, “there is abundant coverage on wars — hot & cold — inflation, recession, polarized politics, terrorist attacks, migration and starvation.  As appalling as these events have been, the world was generally on a path to becoming stronger and safer.”

 

This is absolutely a true statement. It’s easy to get caught up in the negativity while missing the abundance of growth &opportunity.

 

In the year 1918, most people probably thought that the world was coming to an end.  The Great War was at its peak, economies were faltering, inflation was surging, rationing & shortages were everywhere… & then the Spanish flu popped up and killed tens of millions of people.

 

Bleak times indeed. And yet the next century was the most prosperous in human history… despite a very bumpy path along the way.

This is similar to where we are today. Yes, Inspired Idiots have caused a gigantic mess.  But the general trajectory of the human species is still improving.

 

 

2. That said, long-term risks should not be underestimated. Especially for the West.

Dimon finds that there is “too much emphasis on short-term, monthly data and too little on long-term trends” & he talks about inflation as a great example.

 

Economists & investors tend to be almost singularly focused on monthly inflation reports in an effort to divine if & when the Federal Reserve will cut interest rates.

 

 

2. That said, long-term risks should not be underestimated. Especially for the West.

Dimon finds that there is “too much emphasis on short-term, monthly data and too little on long-term trends”, and he talks about inflation as a great example.

Economists and investors tend to be almost singularly focused on monthly inflation reports in an effort to divine if and when the Federal Reserve will cut interest rates.

 

The inflation might not show up next month or next quarter, but he believes (as do we) that the coming years are full of “persistent inflationary pressures”.

 

3. These problems are still solvable.

We’ve written extensively that the problems facing the US & the West are still solvable.  For now.  But every year that the problems continue to be ignored brings the country closer to a point of no return… where there is no way out but default.

 

Dimon is not shy about offering up suggestions, many of which we have written about in the past.  He talks about border security, streamlining sensible regulations, & economic policies which prioritize growth.

 

“Unfortunately,” Dimon writes, “the message America hears is that the federal government does not value business — that business is the problem & not part of the solution.”

 

“There are fewer individuals in government who have any significant experience in starting or running a company, which is apparent every day in the political rhetoric that demonizes businesses & free enterprise and that damages confidence in America’s institutions.”

 

He says he finds it “astounding that many in Congress know what to do & want to do it but are simply unable to pass legislation because of partisan politics”.

 

 

 

 

Bring on the reset!!

[Luigi1]

11 minutes ago, hspotman said:

Maybe it's just me, but I didn't read anything positive in here for us regarding the dinar. In fact, nothing about  the dinar?

 

This is all good news.

This will rush up the great economic crash that is coming.

This will bring in the new & out with the old.    IMHO.

[8th ID]

17 minutes ago, Luigi1 said:

 

This is all good news.

This will rush up the great economic crash that is coming.

This will bring in the new & out with the old.    IMHO.

You are right Luigi. It will also help usher in the one world government and one world currency. 

[Longtimelurker]

20 minutes ago, Luigi1 said:

 

This is all good news.

This will rush up the great economic crash that is coming.

This will bring in the new & out with the old.    IMHO.

Proof that Trump desolved the Fed reserve and merged with the Treasury back in 2018... The central bank would never put out a piece promoting asset backed currency.   💥💥💥

[Longtimelurker]

2 minutes ago, 8th ID said:

You are right Luigi. It will also help usher in the one world government and one world currency. 

The NWO is not in favor of asset backed currency. 

[Luigi1]

1 minute ago, Longtimelurker said:

The NWO is not in favor of asset backed currency. 

 

Absolutely correct.

NWO is not in favor of our blessing soon to come.

Again...out with the old & in with the new.   Go RV.

[NWGUY]

OBiden Announces another round of student loan forgiveness.

OBiden Announces basic universal basic income for all illegals while ignoring the plight of Americans.

The economy is in shambles & more debts are being piled on to the taxpayers.

OBiden is spending our taxes & piling on debts like a drunken sailor.

Top economists & bankers are sounding the alarm.

First, the good news, then, the bad news

 

 

 

I think Biden knows it is the end of his administration, and he is doing everything he can to spend money on whatever he can, while he still can.  He is just throwing money out the window, on every pet project he can think of.  Very sad!   

[Luigi1]

I think Biden knows it is the end of his administration, and he is doing everything he can to spend money on whatever he can, while he still can.  He is just throwing money out the window, on every pet project he can think of.  Very sad!   

 

 

OBiden is trying to buy votes with free for all give aways.

Nothing is free...the taxpayers are on the hook for his reckless borrowing & spending.

[Longtimelurker]

59 minutes ago, NWGUY said:

OBiden Announces another round of student loan forgiveness.

OBiden Announces basic universal basic income for all illegals while ignoring the plight of Americans.

The economy is in shambles & more debts are being piled on to the taxpayers.

OBiden is spending our taxes & piling on debts like a drunken sailor.

Top economists & bankers are sounding the alarm.

First, the good news, then, the bad news

 

 

 

I think Biden knows it is the end of his administration, and he is doing everything he can to spend money on whatever he can, while he still can.  He is just throwing money out the window, on every pet project he can think of.  Very sad!   

Kind of like watching great actors in a sad show... They'll remove the mask and reveal the actors when complete 👍

[Artitech]

6 hours ago, Longtimelurker said:

Bring on the reset!!

Gold went off today at $2,371 oz  something is going on with the gold market. JMHO! 🤠

[Longtimelurker]

56 minutes ago, Artitech said:

Gold went off today at $2,371 oz  something is going on with the gold market. JMHO! 🤠

And silver! Just wait, it's just starting 

[Longtimelurker]

57 minutes ago, Artitech said:

Gold went off today at $2,371 oz  something is going on with the gold market. JMHO! 🤠

Deepstate can no longer manipulate the price, actual value on way

[Artitech]

I heard a report that gold would be around $2,500.00 by July 2024. I’m happy a bought some at $1,750.00 oz. I wished I would have bought more. But I really didn’t believe the hype. I knew I wasn’t going to lose money, at best break even! But I made a little money now with the gold market. Silver is just to volatile for me. I should have bought a bunch when it was $15.00 because now it’s sitting at $25.00! But hindsight is 20-20! JMHO 🤠

[Artitech]

12 hours ago, Luigi1 said:

I think Biden knows it is the end of his administration, and he is doing everything he can to spend money on whatever he can, while he still can.  He is just throwing money out the window, on every pet project he can think of.  Very sad!   

 

 

OBiden is trying to buy votes with free for all give aways.

Nothing is free...the taxpayers are on the hook for his reckless borrowing & spending.

Biden or his handlers are so stupid. We the people are the easy targets in this loan forgiveness scheme! Who they should be going after for the money back is these colleges and universities, that stole the money from the students and their parents! Every time the government would give loans out they would raise their prices for their tuition and books. It was a scheme to just rob the students and parents! These colleges and universities should be held accountable for their corruption and collusion to defraud their students! As usual O’biden does everything back a$$wards! JMHO 

[Fimum]

52 minutes ago, Artitech said:

Biden or his handlers are so stupid. We the people are the easy targets in this loan forgiveness scheme! Who they should be going after for the money back is these colleges and universities, that stole the money from the students and their parents! Every time the government would give loans out they would raise their prices for their tuition and books. It was a scheme to just rob the students and parents! These colleges and universities should be held accountable for their corruption and collusion to defraud their students! As usual O’biden does everything back a$$wards! JMHO 

 

You are spot on with your corruption and collusion comment. University education began to far outstrip the rate of inflation in the 80s and 90s. Amazingly, this happened about the same time that the federal government took over student loans. Money for college education became readily available and cheap. Similar to the cozy relationship between the federal government and PP that acts as a conduit of funds from the government into the DNC coffers. It is just one of many ways the left siphons taxpayer dollars to award their cronies and further their agenda.

[Longtimelurker]

6 hours ago, Artitech said:

I heard a report that gold would be around $2,500.00 by July 2024. I’m happy a bought some at $1,750.00 oz. I wished I would have bought more. But I really didn’t believe the hype. I knew I wasn’t going to lose money, at best break even! But I made a little money now with the gold market. Silver is just to volatile for me. I should have bought a bunch when it was $15.00 because now it’s sitting at $25.00! But hindsight is 20-20! JMHO 🤠

You're safe buying at these prices, plenty of profit still on the table. 

[Longtimelurker]

6 hours ago, Artitech said:

Biden or his handlers are so stupid. We the people are the easy targets in this loan forgiveness scheme! Who they should be going after for the money back is these colleges and universities, that stole the money from the students and their parents! Every time the government would give loans out they would raise their prices for their tuition and books. It was a scheme to just rob the students and parents! These colleges and universities should be held accountable for their corruption and collusion to defraud their students! As usual O’biden does everything back a$$wards! JMHO 

Yes!! This is all part of the awakening, everything is being exposed!