The world appears to be on the verge of replacing the dollar as the world’s reserve currency. Texas Governor Greg Abbott, Treasury Secretary Janet Yellen, and US President Joe Biden are all making claims that point to that conclusion. Bitcoin may replace the dollar, but unless computer chips are made out of bitcoin, then bitcoin will not replace gold.
“The ordinary paper that consumers use throughout their everyday life such as newspapers, books, cereal boxes, etc., is primarily made of wood pulp; however, United States currency paper is composed of 75 percent cotton and 25 percent linen.” -The Bureau of Engraving and Printing at the U.S. Department of the Treasury
So long as foreigners accept dollars (E.g. China and Saudi Arabia), they’ll keep selling the US things (Chinese products and oil). If the USA keep printing dollars endlessly, foreigners will raise their prices or use alternative currencies, including gold and silver, with which to trade. The USA consumes more than they produce only because people want the dollar. Once that ends, there will be a scarcity of imports.
“As the glutting of the market was followed by a fall in prices, the men with the heaviest debts experienced the greatest difficulty in selling, and numbers were ejected from their properties.”
-Tacitus, writing about the year 33 AD in the Annals (116 AD).
During the Roman Republic, the Ides were the time of the month when the full moon appeared, usually around the 15th. It was the date traditionally used to settle debts.
“Looking at them in the distance, one would take them for a war-party of Comanches on a trail to steal cattle from the settlements. The chief seemed pleased with my acquaintance, for he gave me a handsomely caparisoned mule, expecting no doubt a much larger present in return, as is their custom. I was puzzled to make a suitable return, as they do not value money, salt being their medium of exchange, and now and then the Maria Theresa silver dollar. Doing the best I could to make him a return, I made the mule and its trappings a present to my friend Abbé Duflot.”
-William Loring, A Confederate Soldier in Egypt
The M1 and M2 money supply charts will no longer be updated and “the Fed’s payment system that allows banks to send money back and forth went down for several hours,” on Wednesday
During Tulipmania, people were imagining all the gold that their tulip receipts were worth. Bitcoin is a receipt for imaginary gold. History repeats.
Acts 25:9-12 “But Festus had a mind to ingratiate himself with the Jews, so he answered Paul thus, Art thou ready to go up to Jerusalem, and meet these charges before me there? Upon which Paul said, I am standing at Caesar’s judgement-seat, where I have a right to be tried. As for the Jews, I have done them no wrong, as thou knowest well enough. If I am guilty, if I have done something which deserves death, I do not ask for reprieve; if their charges are without substance, no one has a right to make them a present of my life. I appeal to Caesar. Then Festus conferred with his council, and answered, Hast thou appealed to Caesar? To Caesar thou shalt go.”
Does the game stop when people realize that printing money is a deliberate policy?
“We might as well put the Treasury and the Fed in the same building. It’s a consolidated statement now and they’re working very hard to basically give us what Silicon [Valley] calls modern monetary theory. I call it monetary theory on steroids and speed.” -Ed Yardeni speaking about Janet Yellen’s confirmation hearing to be Treasury Secretary, on CNBC, Jan 19, 2021. Credited with coining the term, “Bond vigilante.”
The Democrats are claiming that Trump supporters tried to overthrow the government on Jan 6th. BLM and Antifa have been rioting for over a year. The British colonies that later comprised the USA had similar insurrections in 1775 and 1791. The response of King George vs the response of President George Washington should be considered.
The riot in the Capitol of the USA on January 6, 2021 has led to Democrats calling for Republicans to be removed from office on the pretext that they were responsible for the attack.
The burning of the German Reichstag building on February 27, 1933 led the the NAZI party to remove Communists from office on the pretext that they were responsible for the attack.
Nancy Pelosi and Mitch McConnell have had their houses spray painted with demands for more stimulus money.
Dow Jones 2000: $11,000
Dow Jones 2020: $30,400
For most societies in history, the natural human hierarchy has been the family with the mother and father over the children, with the father as the leading authority figure (husband). His word (dictate) is law (dictatorship). So it should come as no surprise that most forms of government seek to replace the family with the government by treating adults like children.
Uzbekistan seems to realize that “normal” is in the history books, and has begun issuing gold to be used as money in 5, 10, 20, and 50 gram bars.
“The dictatorial attitude toward California residents while dining in luxury, traveling, keeping his business open and sending his kids to in-person private schools is very telling about his attitude toward California residents, his feelings about the virus, and it is extremely hypocritical.“
-Riverside County, California Sheriff Chad Bianco, Dec 4, 2020.
Q. But the basis of banking is credit, is it not?
A. Not always. That is an evidence of banking, but it is not the money itself. Money is gold and nothing else.
The barbarians are in revolt.
