This guy makes sense. But I still have to finish it.
I spend some time on this stuff. I see the moving parts, but I don't see how 'they' transition. And nobody seems to know how one transitions for a debt/liquidity trap to a new viable unit of account. Outright collapse equals loss of control. Gold and/or BitCoin? I have no idea? Any repayment of debt scheme would have to cut the 'United States' (whatever that is?) Federal spending by half or more. But the super-elite making money on inflation and hard assets at the expense of ordinary people is total right.
But ... there has been a lot of strange talk on BitCoin lately. And I wonder if the Fed/Treasury (whoever) has a lot more BitCoin than anyone knows or is saying. And that has me wondering?
It's actually not that hard, they done it in the past:
The Bretton Woods system, established in 1944, was a monetary order that governed international currency relations among 44 countries. Under this system, currencies were pegged to the US dollar, which in turn was pegged to gold at a fixed rate of $35 per ounce. Here are key aspects of Bretton Woods currency:
Fixed Exchange Rates: Currencies were fixed against the US dollar, with exchange rates adjusted only in exceptional circumstances.
Gold Standard: The US dollar was pegged to gold at $35 per ounce, and other currencies were pegged to the dollar. This created a de facto gold standard.
Currency Convertibility: Most currencies were convertible into US dollars, and subsequently into gold.
Capital Controls: Countries maintained capital controls to regulate the flow of capital and prevent speculative attacks on currencies.
International Monetary Fund (IMF): The IMF was established to monitor exchange rates, provide financial assistance to member countries, and promote international monetary cooperation.
Currency Examples:
Pound Sterling: Initially pegged at $2.80 = £1, later devalued to $2.40 = £1 in 1967.
Swiss Franc: Pegged to the US dollar, with exchange rates ranging from 4.373 to 1.374 per US dollar between 1945 and 1998.
Norwegian Krone: Initially pegged to the US dollar at 4.03, later floated in 1971 and re-linked to a basket of currencies in 1978.
And you need to keep in mind that the debt you see is not the debt they worry about. They worry about derivatives, all $144.4 trillion of them.
However derivatives have a get out of jail card, a force majeure clause, meaning in the event of something catastrophic, they dissolve, the debt disappears.
They used WW2 the last time they played this currency game, but a one or two year plague will accomplish the same, especially if you throw in mandatory vaxs.
I think they may try for a NWO currency for the West. They may back it with a basket of commodities such as gold (again), silver (again), maybe even coal, oil. The idea would be attractive to a number of EU countries.
Although I think such an approach might be a hard sell here, but a lot will depend on who gets to drive this turnip truck of a government next.
The nice thing about Martin is that he is not afraid of these pieces of crap.
And I think that the Terror Elite are crapping in their pants in the act of crap begetting more crap. They sense they are loosing control. And the more they clamp down, the more they lose control. It's like Trump. The more they 'prosecute' Trump, the more people like Trump, even in spite of his faults with some of them being rather large.
Thanks...those guys were so funny.
Katheen ... this is what I think 'they' really are okay with, making money at our expense. It makes sense to me. Might interest you.
https://www.youtube.com/watch?v=8czB1sZ7lDU
Thanks...I keep warning people about the upcoming USD collapse.
And people look at me like I am a nutter.
This guy makes sense. But I still have to finish it.
I spend some time on this stuff. I see the moving parts, but I don't see how 'they' transition. And nobody seems to know how one transitions for a debt/liquidity trap to a new viable unit of account. Outright collapse equals loss of control. Gold and/or BitCoin? I have no idea? Any repayment of debt scheme would have to cut the 'United States' (whatever that is?) Federal spending by half or more. But the super-elite making money on inflation and hard assets at the expense of ordinary people is total right.
But ... there has been a lot of strange talk on BitCoin lately. And I wonder if the Fed/Treasury (whoever) has a lot more BitCoin than anyone knows or is saying. And that has me wondering?
Good points…
https://www.youtube.com/watch?v=8czB1sZ7lDU
Maybe worth your time.
It's actually not that hard, they done it in the past:
The Bretton Woods system, established in 1944, was a monetary order that governed international currency relations among 44 countries. Under this system, currencies were pegged to the US dollar, which in turn was pegged to gold at a fixed rate of $35 per ounce. Here are key aspects of Bretton Woods currency:
Fixed Exchange Rates: Currencies were fixed against the US dollar, with exchange rates adjusted only in exceptional circumstances.
Gold Standard: The US dollar was pegged to gold at $35 per ounce, and other currencies were pegged to the dollar. This created a de facto gold standard.
Currency Convertibility: Most currencies were convertible into US dollars, and subsequently into gold.
Capital Controls: Countries maintained capital controls to regulate the flow of capital and prevent speculative attacks on currencies.
International Monetary Fund (IMF): The IMF was established to monitor exchange rates, provide financial assistance to member countries, and promote international monetary cooperation.
Currency Examples:
Pound Sterling: Initially pegged at $2.80 = £1, later devalued to $2.40 = £1 in 1967.
Swiss Franc: Pegged to the US dollar, with exchange rates ranging from 4.373 to 1.374 per US dollar between 1945 and 1998.
Norwegian Krone: Initially pegged to the US dollar at 4.03, later floated in 1971 and re-linked to a basket of currencies in 1978.
And you need to keep in mind that the debt you see is not the debt they worry about. They worry about derivatives, all $144.4 trillion of them.
However derivatives have a get out of jail card, a force majeure clause, meaning in the event of something catastrophic, they dissolve, the debt disappears.
They used WW2 the last time they played this currency game, but a one or two year plague will accomplish the same, especially if you throw in mandatory vaxs.
Wait a minute. "Not too hard"? All it required was WWII???
Also, the last time I saw a figure for the derivatives market, it was in the range of $600 Trillion and that was a decade ago or more.
Myself ... I think we should back air with air. At least we could still breath.
True, but you can't eat air.
I think they may try for a NWO currency for the West. They may back it with a basket of commodities such as gold (again), silver (again), maybe even coal, oil. The idea would be attractive to a number of EU countries.
Although I think such an approach might be a hard sell here, but a lot will depend on who gets to drive this turnip truck of a government next.
https://www.armstrongeconomics.com/international-news/censorship/pavel-durov-arrested-by-france-to-kill-telegram/
The nice thing about Martin is that he is not afraid of these pieces of crap.
And I think that the Terror Elite are crapping in their pants in the act of crap begetting more crap. They sense they are loosing control. And the more they clamp down, the more they lose control. It's like Trump. The more they 'prosecute' Trump, the more people like Trump, even in spite of his faults with some of them being rather large.