Trump and a New Gold-Backed Dollar
The petrodollar has lasted over 40 years, but the glue is losing its stick. We are on the cusp of another paradigm shift in the international financial system, a change at least as fundamental as what happened in 1971 when Nixon severed the dollar’s last link to gold.
White House with Gold Tulips
The relationship between Saudi Arabia and the US hit historic lows in 2016. It will get worse. Trump is the first president since the petrodollar system was enacted to be openly hostile toward the Saudis.
The death of the petrodollar system is a black swan event for 2017, and it raises the question: What will fill the void when the petrodollar dies?
Something has to replace it, and there are only two options: the IMF’s Special Drawing Rights (a basket of fiat currencies), or gold.
There’s only one way Trump could fight the global elites and their SDR plan: return the dollar to some sort of gold backing.
Trump has said favourable things about gold in the past, and so have some of his advisors, but it wouldn’t be easy. He’d face a struggle with the globalists, and winning would be far from certain.
No matter what, the death of the petrodollar, just like the end of the dollar’s link to gold, will be good for the dollar price of gold and gold mining stocks.
When Nixon took the dollar off gold in 1971, gold skyrocketed over 2,300%. It shot from $35 per ounce to a high of $850 in 1980. Gold mining stocks did even better.
Gold is still bouncing around its lows. Gold mining stocks are still cheap. Expect returns to be at least as great as they were during the paradigm shift in the international monetary system.
Gold backed dollar or currencies tomorrow. A banking instrument recognized by the Governments of the world could be created secured by gold in 16 psyche.
The possession of the Gold in 16 Psyche is recognized as a possession on the governments when issued banking note. The same possession as if you had the gold in a Bank in the Grand Caymans.
16 Psyche has enough metal to secure worlds reasonable debt. It can’t be robbed or lost. It is more secure than a bank. The Gold can be used only to back currencies in amount allowed by public committee.The only other use is to grow and maintain infrastructure. Governments must apply to committee for amounts for projects by public debate. The last recognized instrument is gold notes to fund the technology to create a space presence to reach, research, put up bases, and expand man’s presence in space, especially to go to and mine 16 psyche for only those metals to cover the notes that are put forward by a citizens committee
Each nation on earth gets a potential portion of the asteroid to be decided publicly by a world citizens committee in public vote informed by economists. This is their only duty. All debate public, all lobbying on the record. Any private lobbying is illegal. Money puts gold standard on any real currencies,
Business would prosper because infrastructure would no longer be a tax burden Or the whole tax burden. And business would be able to use the infrastructure that 16 psyche can grow,
Governments who do not mistreat their citizenry would have gold backed currency and could be done tomorrow if done right would grow with the future.
Further when at 16 psyche the metals could be used to grow a space fleet, mirrors to shunt sunlight away from a warming earth till the earth can heal itself. Send the heat to moons of Jupiter or Saturn or mars.
If done in a completely equitable and public fashion the debts of the worlds reasonable recognized governments could be paid tomorrow. Yes including Russia. Cannot be used for military means, must come out of other pocket of governments. Buy back your straw man and be American Citizen again and not an instrument of the United States corporation.
If I had gold in any bank in the world it is still my possession as security against any loans I might choose or as payment for goods or services. All that is necessary is that the world recognize the instruments and intent is to go there and obtain those metals necessary to be brought to earth and put into government bullion banks when real physical possession occurs.
Can you let others own and mine this resource, there would be no end to their power and the fleet of space vessels generated there would be their alone. Now is your chance and this is the time.
Trump , Robert Mercer , Wilbur Ross , Koch Brothers Decided From Day One Of Trumps Presidency To Go For Gold Pegged Standard
I have heard there is a new USTN that is gold backed but I can not bring up any photo of it? Can you confirm if this is correct?
Thank you for your question.
The last time the US issued a sovereign PM backed note was a silver note – issued during the Kennedy administration. It was promptly halted two weeks after Kennedy’s assassination. There hasn’t been a public PM bond from the US since 1963.
I believe that our American dollar back once again by gold ;since Nickson is the ultimate solution to pay our 22 trillion debts ceiling ;and make America great again, by providing and creating new millionaires ;and come back on top despite the dominance of the Saudi/petroleum dollars plus the Yen and Hong Kong etc……
Hey so does this mean the gold price will sky rocket?
Sorry Marie, the American dollar is NOT back on the so-called Gold Standard and there is no clear advantage to any such standard being imposed, certainly not now!
Our currency seems to work quite well at present and I have never (ever!) had any problems with making purchases using US dollars – have you? If you really want to, you can always convert your paper (or electronic) dollars into gold by simply Buying Gold. I am not aware of any law that prevents this.
The US dollar is backed by the goods and services provided by the massive US economy and by common agreement between buyers and sellers over hundreds of years of our history. The dollar has value because millions of people accept US dollars in exchange for goods of well known value, and this happens billions of times a day, every day.
The dollar is nothing more than a piece of paper if it is not backed by some form of commodity with an international value. Goods and Services are not internationally traded commodities market. However, Gold has now and has always has value.
Theft from the west delivered to the east where the rothschilds hide behind china…nuff said..
History show the west DEFINITELY started and mastered the art of thievery…they even stole people!! SMH