It’s Pure MADNESS: Fort Knox, U.S Fiscal Policy, The U.S. DOMESTIC Dollar, and The Eurodollar – Random Thoughts Derived From The Jeffrey P. Snider Movement – November 12, 2023
If you’re a believer in the GOVERNMENT Gold Standard, you’re really going to hate what Jeffrey P. Snider has to say about Eurodollar, which has a mind of it’s own. When you comprehend the Eurodollar market, you start to comprehend the concept behind the Chinese Yuan and the Chinese Renimbi.
I’m using the Chinese Yuan primarily to illustrate CAPITAL controls. The technocrats in China, in order to keep their currency under their control, make sure the foreign exchange value of the Yuan and domestic purchasing power of the Renimbi are under the control of the Chinese Communist Party, why? Because China has the second-largest economy, and would likely have the most people in the world using its currency, which WOULD not be good for the Chinese Communist Party, as more of it’s citizens would not only have the ability to topple the regime from WITHIN, they’d also be able to topple the regime from abroad, using Chinese currency.
Currently, I’d argue the United States has the most CORRUPT President in its history; why? Because of the EURODOLLAR, there are U.S. dollars all over the world paying off U.S. politicians; most LOANS globally are backed by U.S. dollars, this was ofcourse the INTENT all along was to replace the Gold Standard with some sort of ELASTIC money supply.
The larger the U.S. DOMESTIC debt gets, the more the Eurodollar gets exposed, as more people are forced to ask the question, why hasn’t there been a bull run on Gold? The answer is quite simple: the INFRASTRUCTURE doesn’t exist for a Gold Standard.
Why isn’t there an infrastructure for a gold standard because no government in its right mind would want one, a Gold Standard in this era, leads to massive AUSTERITY, which is something people like myself would want, but isn’t likely to happen in my lifetime, because most Humans want something for NOTHING.
Pretend all you want, the welfare state is a real thing; you currently have the REPUBLICAN/Conservative frontrunner for the U.S. Presidency saying out loud that social security and Medicare will be saved.
The supposed Christian nation of the United States can’t bring itself to stop murdering unborn children, morality in the U.S. is at an all-time low, and not only is the U.S. bankrupt, fiscally, its policies are way out of whack with a Gold Standard, lucky for the U.S. the rest of the world is also BANKRUPT, and most of the western world doesn’t have a military strong enough to defend its homeland from a serious military invasion.
The value of the Gold in Fort Knox would have to skyrocket to pay off U.S. debt, but I don’t think that’s the problem, the problem would be REPRICING everything to modern standards with all of the PRICE controls in existence.
Government regulations are PRICE CONTROLS, and then there are the blatant price controls like the minimum wage law and rent controls, these price controls would have to disappear under a gold standard, and this would have to be part of the AUSTERITY measures proposal.
Currently, the Environmental, Social, and Governance(ESG) movement GUARANTEES the gold standard would fail within a year TOPS. ESG could become PERMANENT fiscal policy moving forward, which guarantees economic collapse even under a Fiat monetary system.
As U.S. debt expands, the value of the DOMESTIC U.S. dollars debases, and those price controls GUARANTEE that deflation will not happen with fiat monetary system. Now, the problem with the gold standard has always been price DEFLATION because it’s hard to expand the money supply when it’s based on Gold which, unlike the Printing Presses, is a SCARCE resource.
Private Banks can’t simply look at balance sheets or their “assets” and anticipate prices or “values” of things will go up under a gold standard; deflation, even unexpected deflation, is a very real thing in Gold Standard, and FISCAL policies in all nations as currently constructed GUARANTEE, that government will seek to take the LIONS share of Gold deposits under a Gold Standard.
Once you comprehend the dilemma, you start looking at solutions, and the solutions I see in the future are INEVITABLE secession MOVEMENTS; I doubt Jeff Snider is a secessionist, but if we’re trapped in this fiat system, what’s going to happen inevitably is that more people are going to comprehend that the problem is FISCAL policy and instead of dealing with the bureaucracy, what I imagine will happen will be secession movements springing up all over the world.
Jeff Snider introduced me to LEDGER money, prior to Jeff, I’d call it accrual accounting, but Ledger money is basically the CONCEPTION of SOLVENCY. Insurance companies remain solvent not because they can pay everyone at the same time but because if you accept the insurance industry for what it is, you know that the numbers will make sense as long as the deposits outpace the withdrawals.
if the withdrawals outpace the deposit, the insurance company crashes, but this would never happen, if everyone involved in preserving the insurance company, comprehended the product they’re paying for.
In the future, I imagine NATIONS being created with economic and FISCAL INTENT to BALANCE the books. if you think this would require a decline in our standard of living, I think you’re confused because the exact opposite would actually happen.
We’re currently not allowing ourselves to imagine a world in which central powers dominate, and I actually don’t think that’s a bad thing because human progression has always been in small increments; I think when these new secession movements happen, most won’t even recognize them, because you’d have to have some knowledge of the Eurodollar to know if these new proposed nations will work.
LEDGER money, are you solvent on PAPER, are your ideas solvent on paper, does the insurance industry model work with your proposed BUSINESS plan? The U.S. Constitution doesn’t include Big government, and it works without Big Government; however, we have to factor in HUMAN behavior, and having a semblance of the rule of law.
We’re all becoming more knowledgeable about INCOMPATIBLE cultures to a liberty movement. I think more of us are becoming more knowledgeable how the flaws of democracy and how to address the flaws of our current Western Democratic models.
It’s all a matter of bringing ideas together to end the madness!
Interesting times ahead