Our debt-based currency has proven that all money is a total psyop anyway, but at this point a gold-based dollar may be the last politically attainable option to avoid catastrophe.
The recent hullabaloo among President Trump’s top monetary officials about the Administration’s “dollar policy” is just the start of what will likely be the first of many contradictory pronouncements and reversals which will take place in the coming months and years as the world’s reserve currency continues to be compromised. So far, the Greenback has had its worst start since 1987, the year of a major stock market reset….
Of course, the entire uproar about a strong dollar versus weak dollar is a sham. When the dollar (and for that matter all other national currencies) cannot be redeemed for either gold or silver, it is inherently “weak” and ultimately worthless.
That this obvious fact is not recognized by the Trump Administration, international monetary authorities, and the financial press demonstrates just how unstable the dollar and world currencies actually are.
The US dollar today and in 1987 – in both years the Federal Reserve had embarked on a rate hike campaign, a new and untested Fed chairman took the helm at the Fed, and the US dollar was very weak. As you can see it actually reached “oversold” levels in late January/early February in both years, and started to bounce from there in the short term (before resuming its slide in 1987 – we cannot be certain yet what will happen this time around, but the parallels are slightly worrisome). [PT]
How to Create a MAGA Dollar
If President Trump truly wants to see a strong dollar that will become a linchpin in “making America great again,” he should enact policies that will return the dollar to its original function – a warehouse receipt that can be redeemed for precious metals. Just as important, an authentic strong dollar policy would mean that no dollar can be created that did not have “an equal amount” of gold/silver in bank vaults – in essence a 100% gold dollar.
These two acts would guarantee a strong dollar and ensure that the dollar would remain the world’s reserve currency. Moreover, a fully redeemable dollar would likely lead to other nations adopting similar measures.
A gold-backed dollar would also head off China’s not too subtle attempt at replacement of the Greenback with the Yuan as the world’s reserve currency. Its “Belt & Road Initiative,” its massive accumulation of gold, and other actions are all aimed at making the Yuan the dominant world currency which, if successful, will have catastrophic financial repercussions for the US and Western Europe….
Gold-backed money will not only have positive international effects, but domestic benefits as well. Crippling price inflation that has been intentionally under reported by government statistics will be a thing of the past. Prices in a gold-backed currency will actually fall, raising living standards for everyone.
Without the ability of the Federal Reserve to create money out of thin air, the massive federal budget deficits would have to be dealt with. And without the Fed’s purchasing of US debt, the government would be forced to actually cut spending. Spending cuts would have to be deep and across the board.
Happily, under such a scenario, a reduction in spending would mean a pullback in the American Empire. The US would simply not have the resources to maintain bases abroad or involve itself in the countless conflicts and wars it is now engaged in. It is more likely that when the American Empire comes to an end, it will not be because of a military defeat, but because it can no longer be sustained financially.
Sadly, under current ideological conditions, a return to gold money is definitely not on the financial horizon. It will most likely take a collapse of the irredeemable paper monetary system before commodity money is re-established as a general medium of exchange.
The biggest problem I have with this is that elite criminals and organized crime groups have looted so much public gold (a total validation of gold’s monetary function in itself) that this move would solidify their stranglehold over the west. A currently unimaginable return to something resembling the rule of law would be required, with RICO-type dragnets and saudi arabian type “luxury imprisonment” becoming the necessary reality in europe and the USA. Gitmo could actually be used for something constructive, but without the torture of course. Depriving these deranged satanic pedophiles of their last psychological crutch would be torture enough.