If you believe in a Gold Standard, Austerity Measures, Deflationary Prices Are inevitable – December 7, 2023

Although today it seems utterly ridiculous to imagine the United States shrinking and slicing its workforce, the numbers show that it’s inevitable. Now, when this happens, some imagine that we will have a new monetary system revolving around Central Bank Digital currencies(CBDCs), which is a possibility in my book. The issue with a CBDC is government regulations fueled by the Democratic process.

The country with the most gold is the United States, with 8,133 metric tons in the American gold reserve. This amounts to a value of $480.84 billion, going by the price of gold at the beginning of January 2023.

On paper, the U.S. Constitution is the by far the best way to start a REPUBLIC that we know of,. is it perfect? of course not, but in comparison to all other systems of governance, to ATTRACT capital and labor, the U.S. Constitution reigns supreme, it was so well written that Switzerland’s duplication of the U.S. Constitution made it’s currency the second most sought out currency in the world, so much so that the Swiss governments, collectively agreed to make their currency UNATTRACTIVE to potential hoarders.

If the Swiss hadn’t done this, it likely would have had more infrastructure globally to host its currency; however, DEMOCRACY, in most instances, is the main culprit for destroying the Gold Standard.

With that said, Argentina recently voted not for a Donald Trump candidate; they actually went as far as to vote for an Anarcho-Capitalist, someone like myself, to lead them out of their socialist shit hole economy.

Now, the only reason Javier Milei was listened to was because of the REGULATIONS that turned Argentina into an economic hell hole. The Argentine constitution is not as well written as the U.S. constitution; powers are more concentrated in Argentina, and it’s for this reason, along with the culture created by their system of governance, that led to layers of hellish regulations on their economy.

Now, if you’re not in business, if you’re not entrepreneurial, it will be difficult for you to comprehend how voting for a particular LAWS can destroy your standard of living.

You might assume that this LAW is only there to stop those evil capitalist pig-dogs from exploiting you, only to learn that you did not have as many options in the marketplace as you initially thought, but time stops for nobody, so if you’re not entrepreneurial it could be fair for you to assume that the PRIOR LAWS you fought for, voted for had nothing to do with the economy going to hell.

Then along comes a Javier Milei who promises to blow everything up; however, in your mind, regardless of what Javier Milei says, you’re still imagining a socialist paradise. Why should you imagine anything different? It’s not like your prior economic ideas were WRONG; it’s only that the administrators of your socialist paradise didn’t do things the way you thought they should.

So, the Javier Milei types don’t always serve to change everything, sometimes, they’re merely there to wake up others to see what the problem is prior to the economic collapse.

What the economic collapse will be, in my view, is some sort of secession from the lovers of Big Government, and that’s a deflationary event that will likely align the money supply with Gold reserves.

Why it’s likely to come in some form of secession is because withdrawal from a system takes power away from it without the use of force; although we might imagine certain parts of the system to more important than the other, the truth, all it takes is for free actors in this play to secede, and those with the power will be forced to yield.

We’ve already seen this Bitcoin. Currently, the government has no response to it, but to simply attempt to create its own version, which sounds simple, but in terms of the implementation of such a system and forcing acceptance, is a very risky bet.

In India, for example, they’ve basically created a cashless system, and this has led to an acceleration of their brain drain. The big thinkers in India try to point to everything except for India’s property rights law.

I don’t have to tell you I don’t like something; I can simply behave in a manner that you didn’t expect. Even in prison, the inmates are unruly unless the wardens use extreme force.

So, in the world, what you’re observing in real time is how central planners destroy economies; why do central planners do this? Is it really because we don’t have a gold standard, or is it because humans are still VOTING for central planners to fix the economy?

The U.S. Constitution is the best Republic experiment to date, but I do believe that humanity can potentially do even better to protect liberties, freedoms, and property rights and also to EXPAND our way of seeing the world.

Interesting times ahead!