RE: Fed’s Monopoly to be Challenged by South Carolina. Ya, South Carolina! … (Death of the Dollar–6) with Link to Full Story
Greetings dearest friend @majes.tytyty.
Those dollars were backed by gold, but only until 1971.
Wow! This is amazing.
We would talk about 48 years of money production without legal support.
I understand that the Mint performs the daily destruction of millions of physical dollars to maintain a balance. I imagine that this same amount is created with new bills. But it is hard to believe that the economy of that country works with the same amount of monetary pieces for so long. Millions of new pieces of money had to have been created.
I believe that the US government has the possibility of reversing the devaluation of its currency. With legislative actions, the large reserves of gold and silver that this nation has to support its currency could be available.
Perhaps the goal is to replace the US Dollar?
Create a new national currency?
This would be the most disruptive global financial event we could witness.
Your friend, Juan.
The US govt might have the ability to reverse course, but, as far as we can see, it's not too late, and there are no leaders who are willing to bring about that course-reversal.
And yes, there will be a major "disruptive global financial event." Most clear-eyed observers tell us that. Given the facts of the current situation, I believe them.
Actually, it will be a "Very Smooth" transition out of Fiat Debt Notes, and into "Sound Money"... During the "Redemption Period" we will Remove all Federal Reserve Notes, and Replace them with our own "Sound Money"... "Sound Money" will be issued in many different forms... Start thinking "Paper" Coinage... "Smart Money" Coinage... "Digital" Coinage... "Crypto" Coinage, and "Decimal" Coinage... All will be Fully backed, Face Value for Face Value with U.S. Gold and Silver Bullion Coinage...
December 18, 2019... 6.0 Hollywood Time...