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Announcements about the US Dollar and the Types of Proposed Changes to World Trade and Investment by the Divine Missions to Urantia / Re: Coming Monetary Collapse and the Gold Standard and much more
« on: August 25, 2020, 20:50:37 pm »
I am adding a video from Peter Schiff who has written several books since the mid 2000's about American financial bubbles which break and people go bankrupt. The 2008 financial collapse resulted in the longest recovery ever which was a recession in 2008 and not recovered until about 2012 or some would say 2017. It doesn't matter so much but Peter Schiff is predicting that we have another Dow bubble and we are going right back into boiling oil again and this time the dollar itself may cease to be a dependable reserve currency. He predicts, according to this video referenced here, that by the end of 2020 we are going to face the same credit risks we did in 2008 and this time it is even worse.
Here is the link to listen to him, and I use this because he defines terminology and the effects of too much debt on the dollar currency.
https://youtu.be/7hJC-OZI6PA
I remind everyone that the Magisterial Sons are advocating changing the American Federal Reserve System when they arrive to force the American government back on the gold standard.
I recently released a transmission from Monjoronson who said that the dollar needs to be pegged to gold at a value of $1.06 per dollar. That is enough to control the use of debt financing but not enough to pay down the American debt which I believe has now reached the level of 26 or 27 trillion dollars as of August 22, 2020.
That debt is fully impossible to pay down by current taxation or even by the agreements of Brentonwoods. That is the major financial agreement the world still works on and you should read it on line to understand how the world works with money exchanges.
This video persists to insist we return to the gold standard and that is what Monjoronson and Serara say must be done too. They are prepared to give the American government sufficient gold supplies to refloat the dollar as the primary exchange reserve currency which is deserves to do but right now it is worth about 43 cents compared when the agreements at Brentonwoods were signed.
I post the video because it is educational to explain what is work now that undermines world trade and so on. I leave it at that for now and hope it is useful to your understanding.
RON
Here is the link to listen to him, and I use this because he defines terminology and the effects of too much debt on the dollar currency.
https://youtu.be/7hJC-OZI6PA
I remind everyone that the Magisterial Sons are advocating changing the American Federal Reserve System when they arrive to force the American government back on the gold standard.
I recently released a transmission from Monjoronson who said that the dollar needs to be pegged to gold at a value of $1.06 per dollar. That is enough to control the use of debt financing but not enough to pay down the American debt which I believe has now reached the level of 26 or 27 trillion dollars as of August 22, 2020.
That debt is fully impossible to pay down by current taxation or even by the agreements of Brentonwoods. That is the major financial agreement the world still works on and you should read it on line to understand how the world works with money exchanges.
This video persists to insist we return to the gold standard and that is what Monjoronson and Serara say must be done too. They are prepared to give the American government sufficient gold supplies to refloat the dollar as the primary exchange reserve currency which is deserves to do but right now it is worth about 43 cents compared when the agreements at Brentonwoods were signed.
I post the video because it is educational to explain what is work now that undermines world trade and so on. I leave it at that for now and hope it is useful to your understanding.
RON