Discussion about this post

User's avatar
OTOH/IMHO's avatar

1790-1932, the U.S. dollar read "Payable on demand for gold." Pretty simple, and damn honest. Anything less is subterfuge. When you start reading "BRICS contemplate gold-backed crypto," don't think BRIC, think CROC, because that is what it is. Zimbabwe pretended it had created a "gold-backed crypto"- how did that work out? (Answer: currency still worth 2/10 of a penny.) The tangled web weavers weave infinitely complex webs, but return to a gold standard would be as easy as changing the so called "security strip" from Mylar(!) to hologrammed gold foil (!!!). Demand it!

Expand full comment
OTOH/IMHO's avatar

The privately owned central banks are at the heart of the problem: all of the evils predicted by Andrew Jackson have come true, and he never dreamed of their ultimate heresy: CBDC with which to completely imprison everyone a digital Gulag.And at all costs, keep things as complicated as possible. Computer this to the respected dollar 1790-1933: "payable on demand for gold." The BRICS, like Zimbabwe, like to show a picture of a gold coin in hyping their CBDC- but nowhere will you find anything about convertibility, about a real store of value.(The Zimbabwe currency, BTW is still worth 2/10ths of a penny). Only those who have gone through a baptism of fire, such as the soldiers who fought in the Revolution, have what it takes to demand a true gold-backed currency, which would be as simple as replacing the jokingly called (Mylar(!) "security strip" with one that was: made of hologrammed gold foil, or an alloy.

Expand full comment
5 more comments...

No posts