Awake-In-3D: Calls for Gold-backed Dollar on the Rise Across USA
Awake-In-3D:
Calls for Gold-backed Dollar on the Rise Across USA
On August 23, 2023 By Awake-In-3D
Our GCR, as an alternative currency system, is gaining public awareness.
Amidst mounting concerns over inflation and the waning influence of the U.S. dollar in international trade, lawmakers on both the federal and state levels are championing gold and precious metals as a remedy.
With growing discussions about the potential loss of the dollar’s status as the global reserve currency, proponents of a gold-backed U.S. dollar are making a compelling case for returning to the economic stability of the past.
Awake-In-3D:
Calls for Gold-backed Dollar on the Rise Across USA
On August 23, 2023 By Awake-In-3D
Our GCR, as an alternative currency system, is gaining public awareness.
Amidst mounting concerns over inflation and the waning influence of the U.S. dollar in international trade, lawmakers on both the federal and state levels are championing gold and precious metals as a remedy.
With growing discussions about the potential loss of the dollar’s status as the global reserve currency, proponents of a gold-backed U.S. dollar are making a compelling case for returning to the economic stability of the past.
Key Takeaways from this Article
Amount of new debt added under the current administration: $5 trillion.
Growing concerns over escalating debt, inflation, and global efforts to displace the dollar.
Fitch’s downgrade of U.S. debt and declining purchasing power underscore need for monetary reform. A weakening U.S. dollar prompt discussions on returning to a gold-backed dollar.
Lawmakers advocate for gold and precious metals to stabilize the economy and protect U.S. interests. The Gold Standard Restoration Act (H.R. 2435) proposes redefining the dollar with fixed gold weight, exchanging paper currency for gold.
Texas Gold Depository promotes intrastate gold trade for economic stability. Increasing states recognize gold and silver as legal tender, facilitating trade and eliminating barriers.
Non-Western central banks buying gold in record quantities.
China and other nations challenge dollar’s dominance, prompting reconsideration of precious metals’ role.
The call for a return to the gold standard is gaining traction through diverse initiatives, ranging from congressional bills advocating for the dollar’s connection to gold to state-level efforts facilitating the use of precious metals in commerce. The implications are far-reaching, and even private-sector players are advocating for a return to the gold standard as protection against looming economic crises.
Lawmakers at both state and federal levels underscored the urgency of reestablishing gold as a foundation for the U.S. dollar. U.S. Rep. Alex Mooney’s (R-W.Va.) Gold Standard Restoration Act (H.R. 2435) is a notable example, proposing a redefinition of the dollar based on a fixed gold weight and mandating the exchange of paper currency for gold. Mooney argues that the U.S.’s staggering $32 trillion debt and unrestrained spending necessitate a return to a tangible standard.
While the path forward remains uncertain, the growing momentum behind the call for a gold-backed dollar is hard to ignore.
Mr. Mooney emphasized, “Returning to the gold standard would bolster domestic and international confidence in the U.S. dollar because its value would be tied to something of actual worth, not just the ‘full faith and credit’ of the U.S. government.” He added that this move would preserve the dollar’s global reserve status.
Texas Representative Mark Dorazio, a Republican, is advocating for intrastate trade in gold through the Texas Gold Depository. Dorazio contends that history’s endurance of gold’s value over millennia positions it as a reliable standard. He stated, “It is the go-to in economic crisis and instability—everyone knows you go to gold.” Dorazio’s proposal not only offers economic stability but also presents an opportunity for the state to generate revenue.
Ron Paul, a prominent advocate for the gold standard and sound money, concurs. Paul highlights the stability and inherent value of gold, which digital currencies lack. He asserts, “Gold and silver became money spontaneously thousands of years ago, and metals have worked well.” Paul’s perspective aligns with a growing number of states that are legally recognizing gold and silver as tender, facilitating trade by eliminating sales taxes and other obstacles.
As the U.S. faces escalating debt, inflation, and global efforts to replace the dollar, interest in precious metals is surging. Fitch’s recent downgrade of U.S. debt and the erosion of purchasing power worldwide underscore the urgency for monetary reform. With China and other countries actively challenging the dollar’s dominance, the return to a gold-backed dollar emerges as a potential solution.
Economists point out that for thousands of years, gold and precious metals have served as reliable mediums of exchange due to their durability, portability, scarcity, and intrinsic value. Until 1971, the U.S. dollar was officially backed by gold. However, policy shifts over the years led to the dollar’s detachment from gold. Now, lawmakers are acknowledging the critical need for a stable foundation in the face of economic and monetary turmoil.
Efforts to return to the gold standard are fueled by concerns over the dollar’s stability, the loss of trust in the government, and the potential displacement of the dollar in international trade. The urgency of legislation like the Gold Standard Restoration Act highlights the catastrophic effects of severing the dollar’s link to gold, including extreme spending and inflation.
Mr. Mooney underscores that restoring the gold standard is not merely an economic necessity but also a safeguard against geopolitical challenges. He emphasizes the vulnerability of the dollar to international competition due to its unstable value resulting from borrowing and money printing.
While the path forward remains uncertain, the growing momentum behind the call for a gold-backed dollar is hard to ignore. As experts and lawmakers reevaluate the role of precious metals in securing economic stability, the idea of returning to a gold standard gains traction as a safeguard against inflation, economic instability, and the potential loss of the dollar’s global reserve status.
Supporting Article: Epoch Times – Efforts to Protect US Intensify Amid Global Shift From Dollar
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Florida, Indiana Ban CBDCs: Gold As Money A State’s Right
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The Importance of the Gold Standard in Economic Freedom
The gold standard plays a crucial role in economic freedom and stability. It serves as a reliable medium of exchange, store of value, and protector of property rights. The abandonment of the gold standard allows for excessive deficit spending and wealth confiscation.
Texas Takes the Lead: A Golden Future for Sovereign Digital Currency
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Ai3D Website: Ai3D.blog
Ai3D on Telegram: GCR_RealTimeNews
Ai3D on Twitter: @Real_AwakeIn3D
https://ai3d.blog/calls-for-gold-backed-dollar-on-the-rise-across-usa/
Awake-In-3D: BRICS Summit – No Gold-backed Currency Will Be Announced
Awake-In-3D:
BRICS Summit – No Gold-backed Currency Will Be Announced
On August 22, 2023 By Awake-In-3D
BRICS is certainly exploring an asset/gold-backed common currency monetary system to divorce it’s allied members from US Dollar and fiat currency dependency.
However, all of the prognosticators claiming that BRICS will “announce” a new common currency this week will be severely disappointed.
The truth is, the BRICS Alliance is far from ready to execute such a bold plan. The most we can hope for is that several new member nations will be accepted into BRICS+ block. They will potentially announce an expanded intent to conduct cross-border trade in their local currencies as well.
Awake-In-3D:
BRICS Summit – No Gold-backed Currency Will Be Announced
On August 22, 2023 By Awake-In-3D
BRICS is certainly exploring an asset/gold-backed common currency monetary system to divorce it’s allied members from US Dollar and fiat currency dependency.
However, all of the prognosticators claiming that BRICS will “announce” a new common currency this week will be severely disappointed.
The truth is, the BRICS Alliance is far from ready to execute such a bold plan. The most we can hope for is that several new member nations will be accepted into BRICS+ block. They will potentially announce an expanded intent to conduct cross-border trade in their local currencies as well.
What will be significant is the inclusion of Saudi Arabia, Venezuela and Iran into the BRICS+ block. This would tip the scales in favor of BRICS regarding control of the majority of global natural resources.
The distribution of global natural resources has long played a pivotal role in shaping geopolitical dynamics and economic influence on the world stage. Historically, key Western nations have held significant sway over the availability and control of crucial resources. However, a potential shift in this balance is on the horizon, driven by the prospects of new entrants joining the BRICS alliance. This article explores how the inclusion of “potential BRICS nations” – Saudi Arabia, Venezuela, and Iran – into the BRICS alliance could lead to a notable redistribution of global natural resource power.
The BRICS Alliance: A Natural Resource Powerhouse
The BRICS alliance, comprising Brazil, Russia, India, China, and South Africa, has emerged as a formidable economic and geopolitical force. With their combined economic strength, population, and resource endowments, BRICS nations have already disrupted the established global order. Russia, for instance, holds the world’s largest proven natural gas reserves and significant reserves of gold and oil. China dominates in rare earth metals and coal reserves, while Brazil boasts substantial reserves of iron, gold, and hydroelectric power potential.
Potential BRICS+ Nations
As of today, Saudi Arabia, Venezuela, and Iran stand as potential BRICS alliance members holding vast natural resource endowments. Saudi Arabia is a leading exporter of oil and holds significant reserves of copper, silver, and sulfur. Venezuela, despite its economic challenges, possesses vast oil reserves and valuable resources like iron ore and natural gas. Iran, another resource-rich nation, ranks as a key player in global crude oil and natural gas production, while also holding reserves of copper, zinc, and sulfur.
Significant Global Resource Redistribution
The inclusion of Saudi Arabia, Venezuela, and Iran into the BRICS alliance could drastically alter the balance of global natural resource distribution. Currently, key Western nations such as the United States, Canada, and Australia hold substantial reserves of resources like coal, oil, natural gas, gold, and uranium. However, the potential BRICS nations collectively possess a staggering estimated value of $76 trillion in natural resources. This influx of resource-rich nations could reshape the global resource landscape.
Implications for Geopolitics and Economy
The shift of resource power from Western nations to the BRICS alliance would not only influence geopolitical dynamics but also impact global economic strategies. The increased resource clout of the BRICS alliance could strengthen their bargaining position in international trade negotiations, bolstering their economic independence and influence. Additionally, the alignment of resource-rich nations could potentially reduce their reliance on traditional Western markets and currencies, fostering new economic alliances and trade partnerships.
The global balance of natural resources is poised for a seismic shift as potential BRICS nations eye membership in the alliance. The inclusion of Saudi Arabia, Venezuela, and Iran as potential BRICS alliance members has the potential to significantly reshape the balance of global natural resource power.
Reference Data (from 2021 statistics): The Top-10 Nations with the highest value in natural resources
Top 10 Nations (not currently BRICS members) Natural Resources
United States:
Estimated Value of Natural Resources: $45 trillion
Resources: Timber, coal, copper, gold, oil, natural gas, lead, molybdenum, phosphates, rare earth elements, uranium, bauxite, iron, mercury, nickel, potash, silver, tungsten, zinc, petroleum, arable land
Saudi Arabia:
Estimated Value of Natural Resources: $34.4 trillion
Resources: Oil, copper, feldspar, phosphate, silver, sulfur, tungsten, zinc
Canada:
Estimated Value of Natural Resources: $33.2 trillion
Resources: Oil, industrial minerals (gypsum, limestone, rock salt, potash), energy minerals (coal, uranium), copper, lead, nickel, zinc, gold, platinum, silver, natural gas
Australia:
Estimated Value of Natural Resources: $19.9 trillion
Resources: Coal, timber, copper, iron ore, gold, uranium, oil, natural gas, alumina, nickel, rare earth elements, mineral sands, lead, zinc, diamonds
Iran:
Estimated Value of Natural Resources: $27.3 trillion
Resources: Crude oil, natural gas, coal, chromium, copper, iron ore, lead, manganese, zinc, sulfur, arable land
Iraq:
Estimated Value of Natural Resources: $15.9 trillion
Resources: Petroleum, natural gas, phosphates, sulfur
Venezuela:
Estimated Value of Natural Resources: $14.3 trillion
Resources: Iron, natural gas, oil, iron ore, gold, bauxite, hydropower, diamonds
Top-10 Nations (Currently BRICS Members) Natural Resources
Russia:
Estimated Value of Natural Resources: $75 trillion
Resources: Coal, oil, natural gas, gold, timber, rare earth metals, industrial diamonds
China:
Estimated Value of Natural Resources: $23 trillion
Resources: Coal, rare earth metals, timber, arable land, rice, oil, natural gas, metals (gold, aluminum), minerals
Brazil:
Estimated Value of Natural Resources: $21.8 trillion
Resources: Gold, iron, oil, uranium, bauxite, platinum, copper, tin, timber, hydroelectric power
Summary of BRICS Nation Resources Value (2021)
Russia: $75 trillion
China: $23 trillion
Brazil: $21.8 trillion
Total for BRICS Nations: $119.8 trillion
Summary of Potential New BRICS Member Natural Resources Value
Saudi Arabia: $34.4 trillion
Venezuela: $14.3 trillion
Iran: $27.3 trillion
Total for Potential BRICS+ Nations: $76 trillion
Non-BRICS Nations Resources:
United States: $45 trillion
Canada: $33.2 trillion
Australia: $19.9 trillion
Total for Developed Nations: $98.1 trillion
Top-10 Natural Resource Nation: What About IRAQ?
Iraq: $15.9 trillion
THE ORPHAN CHILD caught in the crosshairs between the West and BRICS…
Bottom Line
If Saudi Arabia, Venezuela and Iran are granted membership in the BRICS Alliance, 7 out of the Top-10 nations would represent a BRICS control of over $195 Trillion in global natural resources compared to the Western Top-10 nations only controlling $98 Trillion in natural resources.
A global game-changer indeed…
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https://ai3d.blog/brics-summit-no-gold-backed-currency-will-be-announced/
Awake-In-3D: From Bad to Worse – Commercial Real Estate Meltdown Unfolding
Awake-In-3D:
From Bad to Worse – Commercial Real Estate Meltdown Unfolding
On August 14, 2023 By Awake-In-3D
In Fiat Debt System Collapse Articles
I continue to follow and update the latest data from the Commercial Real Estate market since this will likely be the primary trigger of the US Dollar collapse and the beginning of the end for the global fiat currency system.
In a nation on the cusp of a recession (if not all out depression), a sense of hopelessness is spreading across the Commercial Real Estate (CRE) sector. The industry appears to be veering perilously towards an abyss of unprecedented proportions. A slew of disconcerting indicators paint a grim portrait, warning of a potential collapse that will send shockwaves through the United States financial system.
Awake-In-3D:
From Bad to Worse – Commercial Real Estate Meltdown Unfolding
On August 14, 2023 By Awake-In-3D
In Fiat Debt System Collapse Articles
I continue to follow and update the latest data from the Commercial Real Estate market since this will likely be the primary trigger of the US Dollar collapse and the beginning of the end for the global fiat currency system.
In a nation on the cusp of a recession (if not all out depression), a sense of hopelessness is spreading across the Commercial Real Estate (CRE) sector. The industry appears to be veering perilously towards an abyss of unprecedented proportions. A slew of disconcerting indicators paint a grim portrait, warning of a potential collapse that will send shockwaves through the United States financial system.
Summary of Current CRE Crisis
Growing vacancy rates, surging loan delinquencies, plummeting values.
Remote work and urban flight contribute.
Owners abandon properties due to underwater rents.
Imminent risk of economic repercussions.
CRE industry teeters on brink of disaster.
CRE Loan Delinquency Rates Surge:
July 2023: CMBS delinquency rate rises by 51 basis points to 4.41%.
Office delinquencies increase by 46 basis points to 4.96%.
Delinquency rate highest since December 2021.
Building Values Plunge:
Office occupancy rate less than 50% due to remote work.
Predicted CRE price decline up to 40%.
Potentially worse than Great Financial Crisis.
Loan Renegotiation and Rising Interest Rates will Initiate Disaster:
Over 50% of $2.9 trillion commercial mortgages need renegotiation in 24 months.
Anticipated CRE loan interest rate increase of 350 to 450 basis points.
Delinquency Rates Surge: A Ticking Time Bomb
The tumultuous journey of America’s CRE industry is highlighted by the alarming ascent of delinquency rates. The unraveling has been most vividly captured by the trajectory of commercial property loans packaged within the confines of Commercial Mortgage-Backed Securities (CMBS). In a gut-wrenching revelation, the delinquency rate surged by a disquieting 51 basis points, reaching an ominous 4.41% within a mere month.
However, the heart of the storm lies in the daunting rise of office delinquencies, a pivotal segment of the industry, which saw a staggering 46 basis point spike, propelling the rate to an alarming 4.96%. The once-stable pillars of the CRE sector are shaking, with the deterioration in the office segment accelerating at a pace that can only be described as alarming.
Values Plunge as Remote Work Prevails: A New Reality Dawns
With the relentless march of technology and the aftermath of the global pandemic, a new norm has taken root – the remote work revolution. This paradigm shift has sent seismic tremors through the office segment of the CRE industry. The dire predictions of Kiran Raichura, Capital Economics’ Deputy Chief Property Economist, cast a shadow over the future, as he anticipates a cataclysmic 35% plunge in office values by the latter half of 2025.
What’s even more unsettling is Raichura’s assertion that this abyss may linger, potentially remaining unrecovered even by 2040. Such a forecast is not just a warning bell but a resounding siren of distress, signaling a tectonic shift in the traditional office landscape.
Renegotiation Hurdles: A Looming Crisis of Repayment
As if these tremors weren’t enough, a looming storm is brewing on the horizon – the daunting renegotiation challenge. More than half of the staggering $2.9 trillion worth of commercial mortgages are slated for renegotiation within the next twenty-four months. An even darker cloud looms overhead in the form of anticipated new lending rates.
Experts prognosticate an unsettling surge of 350 to 450 basis points in these rates. This collision of renegotiation and elevated lending rates forms a perfect storm that could trigger a catastrophic wave of defaults, foreclosures, and ultimately, a deepening crisis within the CRE sector.
CRE Faces Deeper Decline: An Inescapable Abyss
Lisa Shalett, the Chief Investment Officer of Morgan Stanley Wealth Management, lends a chilling crescendo to the chorus of cautionary voices. Her ominous forecast of a 40% plunge in CRE prices casts an eerie shadow over the industry. This potential plummet is poised to surpass the tumultuous aftermath of the Great Financial Crisis. The gravity of her prediction is impossible to ignore. The CRE sector, once a bastion of stability and growth, stands at a precipice, poised to tumble into a chasm of uncertainty and upheaval.
The Contagion Spreads: An Unfolding Domino Effect
The creeping contagion that has infiltrated the CRE sector is no longer an isolated phenomenon. What began as a localized downturn has metastasized into an industry-wide crisis. This unraveling has the hallmarks of a domino effect – a single precipitating event, followed by a cascading series of repercussions that spread like wildfire. The once-vibrant landscape of CRE is now plagued by soaring vacancy rates, surging delinquencies, and plummeting values. Each element exacerbates the other, fostering an environment of uncertainty that threatens not only the CRE sector but the broader economy at large.
A Ticking Time Bomb with Global Implications
As America’s CRE industry navigates treacherous waters, the alarms are ringing louder and clearer than ever before. The tremors felt within this sector have the potential to unleash a tidal wave of financial consequences that would reverberate far beyond the confines of the industry.
With each passing day, vacancy rates soar higher, delinquency rates march upwards, and values plunge deeper into the abyss. The question no longer lingers in the realm of “if” but resonates as a resounding “when.” When will the CRE industry hit rock bottom?
When will the consequences of this spiraling crisis send shockwaves through an economy still grappling with the aftershocks of government-imposed closures and lock-downs? The once-stable pillars of the CRE sector now stand precariously, serving as a stark reminder of the fragility that lies beneath the surface of the Fiat Debt Currency System.
Related Ai3D Articles
Commercial Real Estate: A Likely Trigger for Fiat Financial System, then US Dollar Collapse
CRE (Commercial Real Estate) debt is a ticking time bomb for the U.S. banking/financial industry. It’s forming a perfect storm with serious implications for the Fiat Dollar. Here’s what’s happening:
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Ai3D on Telegram: GCR_RealTimeNews
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https://ai3d.blog/from-bad-to-worse-commercial-real-estate-meltdown-unfolding/
Awake-In-3D: Argentina’s Fiat Currency Crashes and the Looming Specter over Japan
Awake-In-3D:
Argentina’s Fiat Currency Crashes and the Looming Specter over Japan
On August 14, 2023 By Awake-In-3D
In Fiat Debt System Collapse Articles
Argentina’s recent fiat currency crash has set off alarms, drawing parallels to a potentially larger-scale catastrophe lurking in Japan’s financial landscape. The reverberations from Argentina’s turmoil could lead to a global contagion effect, shaking the foundations of the fiat currency system that underpins economies worldwide.
As Japan teeters on the brink of a potential crisis of much greater magnitude, the international community must act swiftly and decisively to safeguard against a domino effect that could reverberate across the world.
Awake-In-3D:
Argentina’s Fiat Currency Crashes and the Looming Specter over Japan
On August 14, 2023 By Awake-In-3D
In Fiat Debt System Collapse Articles
Argentina’s recent fiat currency crash has set off alarms, drawing parallels to a potentially larger-scale catastrophe lurking in Japan’s financial landscape. The reverberations from Argentina’s turmoil could lead to a global contagion effect, shaking the foundations of the fiat currency system that underpins economies worldwide.
As Japan teeters on the brink of a potential crisis of much greater magnitude, the international community must act swiftly and decisively to safeguard against a domino effect that could reverberate across the world.
Argentina devalued its currency by nearly 18%.
· The benchmark interest rate was raised by 21 percentage points to 118%.
· The official FX rate was fixed at 350 pesos per dollar until the October elections.
· The parallel informal peso dropped around 10% to a record low of 670 per dollar.
· Argentina’s gross reserves stand at $23.8 billion, while net reserves, discounting liabilities, are over $8 billion in the red.
Argentina’s Economic Quagmire
Argentina, Latin America’s third-largest economy, has long struggled with economic instability. Years of mismanagement, political turmoil, and high inflation rates have culminated in a spiraling crisis. The shockwaves from the country’s recent primary elections, where far-right libertarian candidate Javier Milei garnered unexpected support, have jolted an already fragile economy.
The decision by the Argentina central bank to devalue its currency by nearly 18% and simultaneously raise interest rates to a staggering 118% reflects the desperate measures being taken to stabilize the situation. This move, triggered by Milei’s rise and concerns over economic viability, has deepened market uncertainties, causing the peso to plummet and the potential for further devaluation to loom.
Libertarian Candidate Milei: Anti-Central Bank. Pro Bitcoin
Javier Milei’s unexpected surge as a prominent figure in Argentina’s political landscape, marked by his far-right libertarian stance, has introduced a unique and potentially influential dynamic to the ongoing currency crisis. His radical economic proposals, including the abolition of the central bank and the dollarization of the economy, have fueled uncertainties among investors and market participants. Milei’s ability to secure around 30% of the vote in the primary elections demonstrates a growing sentiment for significant change in the face of Argentina’s economic turmoil. His emergence adds an extra layer of unpredictability to an already complex situation, as the nation grapples with devaluation, soaring inflation, and challenges in managing its central bank reserves.
Argentina and Japan’s Tenuous Fiat Currency Position
While Argentina’s situation is concerning, a more ominous storm appears to be gathering in Japan, the world’s third-largest economy and a stalwart of global finance. Analysts are drawing chilling parallels between Argentina’s plight and Japan’s precarious fiscal position. Both countries are grappling with ballooning debt, sluggish growth, and aging populations.
Japan’s public debt-to-GDP ratio stands at a staggering 265%, making it one of the highest in the world. The country’s central bank, the Bank of Japan (BOJ), has embarked on an unprecedented campaign of ultra-loose monetary policy, including negative interest rates and massive quantitative easing, to stimulate the economy. However, these measures have raised concerns about the sustainability of Japan’s financial system.
The Imminent Risk of Contagion
The comparison between Argentina’s currency crash and Japan’s predicament unveils a sobering reality: a potential contagion effect that could shake the foundations of the global fiat currency system. Japan’s economy is vastly larger and more interconnected than Argentina’s, which means that any impending crisis could have far-reaching consequences.
If Japan’s fiscal health deteriorates further, it will trigger a loss of investor confidence, leading to capital flight and a swift depreciation of the yen. This, in turn, might set off a chain reaction across global markets, where the interconnectedness of modern finance could amplify shocks. As investors seek safer havens, the vulnerabilities of other fiat currencies could be exposed, potentially leading to a domino effect that destroys the stability of the international fiat currency monetary system.
Supporting Articles:
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Ai3D Website: Ai3D.blog
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Ai3D on Twitter: @Real_AwakeIn3D
https://ai3d.blog/argentinas-fiat-currency-crashes-and-the-looming-specter-over-japan/
Awake-In-3D: July Financial Figures Released – The US Government is Spending its Way Into a Total Monetary System Reset (GCR)
Awake-In-3D:
July Financial Figures Released – The US Government is Spending its Way Into a Total Monetary System Reset (GCR)
On August 13, 2023 By Awake-In-3D
In Fiat Debt System Collapse Articles
Our GCR continues to draw ever closer. As the days tick by, the United States government’s financial landscape has been a cause for concern, as its spending patterns have led to an escalating debt crisis.
The recently published USA Federal budget numbers for July alone reveal a staggering deficit of $221 billion, highlighting the government’s unsustainable spending habits.
Moreover, the cumulative interest on US debt has reached a substantial $726 billion, underscoring the instability of the government’s financial trajectory.
This will lead to a total reset of the monetary system, paving the way for a new asset-backed currency and complete overhaul of devastating fiat system monetary policy.
Awake-In-3D:
July Financial Figures Released – The US Government is Spending its Way Into a Total Monetary System Reset (GCR)
On August 13, 2023 By Awake-In-3D
In Fiat Debt System Collapse Articles
Our GCR continues to draw ever closer. As the days tick by, the United States government’s financial landscape has been a cause for concern, as its spending patterns have led to an escalating debt crisis.
The recently published USA Federal budget numbers for July alone reveal a staggering deficit of $221 billion, highlighting the government’s unsustainable spending habits.
Moreover, the cumulative interest on US debt has reached a substantial $726 billion, underscoring the instability of the government’s financial trajectory.
This will lead to a total reset of the monetary system, paving the way for a new asset-backed currency and complete overhaul of devastating fiat system monetary policy.
Understanding the Budget Deficit
To grasp the concept of a budget deficit, it’s essential to understand the basics of government budgeting. Similar to how individuals manage their finances, governments create budgets to track income (receipts) and expenses (spending). When expenses exceed income, a budget deficit occurs.
July’s Spending Data Released
Last month, the US government spent a substantial $497 billion. This amount represents the total expenditure across various sectors, including defense, healthcare, infrastructure, education, and social programs.
It’s important to note that the figures provided are for a single month and not representative of the entire year.
Deficit in July
The deficit for July alone amounted to $221 billion. This means that the government’s spending exceeded its income by $221 billion during that month. The deficit arises when the government relies on borrowing or using previously accumulated reserves to cover expenditures that surpass its revenue.
Revenue (Receipts)
In July, the US government received $276 billion in revenue. This includes income from taxes, tariffs, and other sources of government income. However, despite this significant revenue, it still fell short of covering the total expenses for the month.
Interest on Debt
The US government has accumulated a substantial amount of debt over time. Interest on debt refers to the cost the government incurs in paying interest to those who hold US Treasury bonds and other forms of debt. The year-to-date (YTD) figure for interest on US debt currently stands at $726 billion. This indicates the amount the government has paid in interest on its outstanding debt throughout the year.
The Growing Spending Problem
The budget numbers for July highlight a growing concern regarding the US government’s spending habits. With expenses consistently surpassing revenue, the budget deficit continues to increase.
This trend supports a body of mounting evidence regarding the complete, unsustainable situation of the government’s financial position, leading to a fiat financial system crash and the introduction of Our GCR.
Awake-In-3D: NESARA – A Tale Of Intrigue, Scams, And Hidden Agendas
Awake-In-3D:
NESARA – A Tale Of Intrigue, Scams, And Hidden Agendas
On August 12, 2023 By Awake-In-3D
In the labyrinthine world of the GCR and all things purportedly related to the GCR, few have captured the imagination quite like the tale of NESARA – the National Economic Security and Recovery Act. Promising financial liberation, debt relief, and prosperity for all, NESARA’s origins are shrouded in mystery, its narrative intertwined with shady characters, fraudulent schemes, and the intricacies of the human desire for a better world.
In the more than 13 years I have been involved in Our GCR, I have seen many narratives born and evolve. I have also witnessed many related scams prosecuted and sentenced over this time.
Awake-In-3D:
NESARA – A Tale Of Intrigue, Scams, And Hidden Agendas
On August 12, 2023 By Awake-In-3D
In the labyrinthine world of the GCR and all things purportedly related to the GCR, few have captured the imagination quite like the tale of NESARA – the National Economic Security and Recovery Act. Promising financial liberation, debt relief, and prosperity for all, NESARA’s origins are shrouded in mystery, its narrative intertwined with shady characters, fraudulent schemes, and the intricacies of the human desire for a better world.
In the more than 13 years I have been involved in Our GCR, I have seen many narratives born and evolve. I have also witnessed many related scams prosecuted and sentenced over this time.
In my view, Our GCR is a purely financial event that must happen as a result of the current, global fiat debt system coming to its logical conclusion. All Fiat Currency systems have completely failed throughout history. This one is no different except, this time around, it is a Global Fiat Currency System, rather than being limited to one particular civilization or nation.
I also believe that Our GCR will give rise to follow-on movements and reforms related to personal freedoms and recognized sovereignty. But Our GCR remains a purely financial and economic event.
Key Events in the NESARA Timeline
Late 1980s – Early 1990s: Harvey Francis Barnard, an engineering consultant and teacher, conceives the NESARA proposal, aiming to address economic instability caused by debt and compound interest.
1994: Clyde Hood initiates the Omega Trust Scam eventually defrauding thousands of people of at least $12.5 million.
Late 1990s: Shaini Candace Goodwin, known as “Dove of Oneness,” emerges online, connecting NESARA to the Omega Trust Scam.
2000: Federal investigators expose the Omega Trust Scam, indicting Hood and 18 co-conspirators for wire fraud, mail fraud, and conspiracy.
Early 2000s: Goodwin’s online presence grows as she fuels the NESARA legend, drawing followers with references to Ascended Masters, the Saint Germaine Trust, and global Prosperity Programs.
2010s: NESARA evolves into GESARA, encompassing a global vision of economic reform and prosperity.
Present: The legacy of NESARA endures as a cautionary tale of how some GCR narratives give rise to fraudulent schemes that exploit human vulnerability and the desire for financial freedom.
NESARA Emerges – The Brainchild of Harvey Barnard
Amid the late 1980s and early 1990s, a seemingly innocuous man named Harvey Francis Barnard, armed with a PhD in systems theory, set the stage for NESARA. A unique amalgamation of engineering consultant and teacher, Barnard dared to challenge the status quo. He believed that debt and compound interest were suffocating the American economy, prompting him to pen the NESARA proposal. A revolutionary idea was born, aiming to restore economic balance by wiping out debt and ushering in fiscal reforms. Barnard embarked on a journey to Congress.
Barnard produced a thousand copies of his proposal, titled “Draining the Swamp: Monetary and Fiscal Policy Reform” (1996), and dispatched them to members of Congress, with the optimistic anticipation of swift acceptance based on its merits. His proposal was grounded in the belief that debt stood as the primary economic impediment to growth, with compound interest being the foremost “moral evil” and cause of debt. Expecting rapid passage, he found instead a total lack of U.S. Congressional interest, a reality check that humbled his expectations.
Failing to garner the desired political backing, he chose to unveil his proposal to the public domain and shared it on the internet in 2000. Subsequently, in 2001, Barnard founded the NESARA Institute and released a second edition of his book in 2005, renaming it “Draining the Swamp: The NESARA Story – Monetary and Fiscal Policy Reform.”
The Rise of “Dove of Oneness” and NESARA’s Transformation
Enter the enigmatic “Dove of Oneness,” also known as Shaini Candace Goodwin, a former student of Ramtha’s School of Enlightenment. Dove’s cyber presence ignited after Barnard’s release of NESARA. Claiming the law had been secretly passed and connecting it to the Omega Trust scam, Dove’s theories took flight. Her online following grew, with references to “White Knights” and benevolent aliens creating an aura of intrigue around NESARA. Her descriptions expanded Barnard’s proposal, intertwining it with grand visions of debt cancellation, world peace, and a new political landscape.
Goodwin claimed that the NESARA bill languished in Congress before finally being passed by a secret session in March 2000 and signed by President Bill Clinton.
Supposedly, an earlier “gag order” issued by the U.S. Supreme Court, had prohibited any official or private source from discussing it, under penalty of death.
Unmasking the Omega Trust Scam
Amid Dove’s rise, the Omega Trust scam emerged as a sinister parallel.
Crafted by Clyde Hood, a retired electrician, Omega played on people’s desires for financial prosperity. Hood’s tall tales of offshore trading and high-yield investments captivated thousands, making them invest in Omega “units.”
A network of phone lines and prerecorded messages maintained the illusion of progress. As victims’ hopes rose, Hood’s empire crumbled under the weight of his lies, culminating in his indictment for mail fraud, wire fraud, and money laundering.
The Omega Trust Scam robbed thousands of people of at least $12.5 million. However, federal attorneys and investigators who prosecuted Hood and his co-conspirators believed that the actual amount could have been greater, estimating it to be at least $20 million, and possibly as much as $50 million. The exact figure might vary depending on the source and the extent of the scam’s impact.
Federal investigators intervened in August 2000, indicting Hood and 18 co-conspirators on multiple counts of wire fraud, mail fraud, and conspiracy.
The Saint Germaine Trust and Ascended Masters
As the NESARA legend gained momentum, it wove a web connecting it to the Saint Germaine Trust and the realm of Ascended Masters. Goodwin’s narrative introduced channeled cosmic beings like “Hatonn” and “Sananda,” hinting at higher forces orchestrating NESARA’s destiny.
These beings were supposedly assisting in the announcement and implementation of NESARA, painting a picture of divine intervention in earthly affairs.
With “Sananda” linked to Ascended Master Jesus and “Pallas Athena” as Vice-Commander of the Ashtar Command’s galactic space fleet, the NESARA narrative took root within the realms of mysticism and spirituality.
GESARA – A Global Proliferation Emerges
Fueled by a global, viral fascination with all things related to the year 2012 (specifically the 12/21/12 date), the NESARA narrative evolved, giving rise to a global counterpart known as GESARA – the Global Economic Security and Reformation Act. This adaptation extended NESARA’s growth beyond national borders.
Followers claimed that East Asian groups like the “White Dragon Society” were championing GESARA’s enforcement worldwide. Allegedly funded by the successors of the last Chinese Emperor, Pu Yi, the White Dragon Society was said to play a pivotal role in this global reform. Bloggers worldwide fervently advocated for GESARA, predicting grand announcements and massive debt cancellations.
NESARA’s Aftermath and Legacy
As the 2000s marched on, the NESARA fervor began to wane. Goodwin’s predictions lost their shine as the promised announcements never materialized. Yet, the impact of NESARA’s allure persisted.
The phenomenon exposed the power of online communities in spreading conspiracy theories and captivating believers. The Omega Trust scam’s connection left a trail of victims in its wake, a cautionary tale of how people’s yearning for financial freedom could be exploited by fraudsters.
Today, the legacy of NESARA endures, casting a spotlight on the intricate dance between truth and fiction, between genuine economic reform and fraudulent schemes. It serves as a reminder that amidst the complexities of global finance and the human desire for a brighter future, there will always be those who seek to exploit vulnerability and channel it toward their own personal gain.
What Can We Learn from NESARA’s History?
The history of NESARA intertwines the aspirations of an honest engineer trying to make a difference, the imaginative musings of a channeler, and the greed-driven actions of fraudsters. From the humble origins of Harvey Barnard’s proposal to the convoluted narratives woven by One Dove and her cybercult, NESARA’s journey is a testament to the potency of ideas, both noble and deceitful. As we navigate the twists and turns of this saga, we uncover a tapestry of human longing, belief, and the intricate interplay of truth and deception.
The Motivations and Enigma that is NESARA
Behind the NESARA narrative lies a tangled web of motivations. Harvey Barnard’s intent was to offer a solution to what he saw as economic instability, but his proposal fell on deaf ears within the political sphere.
Dove’s motivations remain a blend of spiritualism, a desire for economic reform, and perhaps a yearning for influence. Hood’s motives within the Omega Trust scam were clear – to exploit the vulnerable and amass wealth through deception.
The allure of secrecy, benevolent forces, and promises of financial salvation proved a potent mix that fueled these narratives.
The rise of the internet era amplified the reach of these narratives and schemes. Online forums, chat rooms, and websites facilitated the rapid dissemination of information – true or false. Dove’s cybercult, for instance, created an echo chamber where believers fed off each other’s hopes and fears.
Shared narratives fostered a sense of community, while contradictory evidence was often dismissed as part of the grand conspiracy. This dynamic highlights the power of virtual spaces in shaping beliefs and perpetuating myth.
Lessons from the NESARA Saga
The NESARA saga offers a valuable array of lessons. It underscores the human susceptibility to appealing narratives, especially in times of economic uncertainty. It cautions against blindly following charismatic figures, urging us to scrutinize claims and verify sources.
Furthermore, it serves as a reminder of the need for critical thinking and discernment, even in the face of seemingly captivating narratives. Especially where Our GCR is concerned.
References to NESARA, GESARA, and their associated narratives continue to circulate, adapted to fit the ever-evolving GCR landscape of global events.
The legacy of NESARA reminds us of the ongoing interplay between truth, belief, and the allure of hidden knowledge.
What NESARA Reveals About Human Nature
As we peel back the layers of NESARA’s history, we uncover a story that transcends mere economic proposals. It’s a story of human aspiration, vulnerability, manipulation, and the power of collective belief. NESARA’s journey from a visionary proposal to a global conspiracy theory demonstrates the complexity of human nature and the enigmatic allure of narratives that promise a better world.
In this age of information, where fact and fiction often intertwine, the NESARA narrative serves as a reminder to approach captivating tales with a discerning eye. As we navigate a world where truth and deceit intermingle, I propose to let the saga of NESARA stand as a testament to the enduring human quest for understanding, change, and the relentless pursuit of a brighter future.
The NESARA phenomenon echoes across time, echoing the timeless human longing for prosperity, justice, and a life unburdened by financial stress. It highlights the potent cocktail of hope, fear, and charisma that can spark movements, even if they straddle the fine line between truth and imagination. I see NESARA as a mirror reflecting our deepest desires and anxieties.
The NESARA narrative beckons us to tread cautiously through the labyrinth of GCR narratives, to question, verify, and seek the clarity that distinguishes truth from hype (or worse). With each layer we uncover, we inch closer to understanding not only the NESARA phenomenon but also the complex tapestry of GCR-Land beliefs that shape the popular narratives.
In the end, the NESARA story is not just about conspiracy or intrigue; it’s a story about us – our dreams, our vulnerabilities, and our relentless pursuit of a reality that aligns with our hopes. It’s a reminder that in the midst of convoluted tales and hidden agendas, our collective journey continues, one that is ever-evolving, ever-searching, and ever-reflecting the complex nature of our shared human experience.
Ai3D Note: This article is a factual account based on available information and research. It aims to shed light on the intricate history and influence of the NESARA phenomenon, while encouraging readers to engage critically with their own research and discernment involving such subject matter and narratives that capture the human imagination.
SOURCE REFERRENCE LINKS:
Supporting Article on NESARA, Dove of Oneness and the OMEGA Trust
Archive of One Dove’s (aka Shaini Goodwin) original NESARA website
PDF File of the proposed NESARA Bill that was never taken up by US Congress for debate or discussion:
NESARA Congressional BillDownload
Ai3D Website: Ai3D.blog
Ai3D on Telegram: GCR_RealTimeNews
Ai3D on Twitter: @Real_AwakeIn3D
https://ai3d.blog/nesara-a-tale-of-intrigue-scams-and-hidden-agendas/
Awake-In-3D: Real-World Warning Signs Today of the Fiat Currency Debt System Collapse – Leading to Our RV/GCR
Awake-In-3D:
Real-World Warning Signs Today of the Fiat Currency Debt System Collapse – Leading to Our RV/GCR
On August 9, 2023 By Awake-In-3D
In RV/GCR Articles, Fiat Debt System Collapse Articles
Amid the alarming trends signaling the impending collapse of the global fiat currency debt system, we look forward to a transformative solution that will revolutionize the financial landscape.
My discussions and articles here have defined my viewpoints around “Our GCR” as a beacon of hope in these uncertain times.
This Asset-Backed Global Currency Reset isn’t just a theoretical concept; it’s beginning to unfold before our eyes. As we witness the cracks in the current system deepening, it becomes evident that the collapse of the fiat debt currency system is a necessary step for the RV/GCR to emerge as a fully-fledged alternative monetary and currency system on a global scale.
Awake-In-3D:
Real-World Warning Signs Today of the Fiat Currency Debt System Collapse – Leading to Our RV/GCR
On August 9, 2023 By Awake-In-3D
In RV/GCR Articles, Fiat Debt System Collapse Articles
Amid the alarming trends signaling the impending collapse of the global fiat currency debt system, we look forward to a transformative solution that will revolutionize the financial landscape.
My discussions and articles here have defined my viewpoints around “Our GCR” as a beacon of hope in these uncertain times.
This Asset-Backed Global Currency Reset isn’t just a theoretical concept; it’s beginning to unfold before our eyes. As we witness the cracks in the current system deepening, it becomes evident that the collapse of the fiat debt currency system is a necessary step for the RV/GCR to emerge as a fully-fledged alternative monetary and currency system on a global scale.
The pulse of change beats stronger as we look deeper into the possibilities presented by Our GCR.
It’s a vision that not only acknowledges the shortcomings of the status quo but also stands ready to usher in an era of financial resilience and fairness. In my perspective, the RV/GCR isn’t a distant hypothetical – it’s an imminent reality that beckons us to embrace it as the solution that can guide us beyond the impending collapse and into a new era of global economic stability.
There are many signs (too many to list here today) that reveal the imminent collapse of the global fiat currency debt system as undeniable trends signal an economic disaster on the horizon.
From plummeting tax revenues and vanishing trucking demand to escalating job cuts and soaring housing costs, the cracks in the financial framework are impossible to ignore.
Amid this crisis, emerges “Our GCR” – an Asset-Backed Global Currency Reset poised to eradicate former fiat debts and revamp global currencies under a fair and balanced ethos, recognizing all as sovereign individuals.
Real-World Warning Signs Happening Now
The world’s financial landscape is showing alarming signs of distress, indicating that the global fiat currency debt system is teetering on the edge of collapse. This impending disaster is not a mere conspiracy theory; rather, it’s a culmination of real-world trends that are undeniably painting a grim picture.
Below are just a few of these trends shedding light on the impending collapse of the fiat system, leading to an alternative solution in the form of an Asset-Backed Global Currency Reset (Our GCR).
1. Dwindling Tax Revenues and Economic Slowdown:
One of the initial harbingers of the impending collapse is the sharp decline in tax revenues for both federal and state governments. Economic activity slowdown leads to reduced tax collections, weakening the financial foundation. As evidenced by the precipitous decline in state and local income tax revenues, the severity of this trend is rivaled only by the aftermath of the Global Financial Crisis (GFC). These plummeting revenues signify an ailing economy, a clear indicator that the fiat system’s stability is compromised.
2. Plunging Trucking Demand and Freight Volume:
A telltale sign of economic turmoil lies in the trucking industry. When economic activity dwindles, demand for trucking services plummets. The second quarter of 2023 has seen a stark decline in truck freight volume and spending, rivaling the levels observed during the early days of the pandemic. This drop indicates reduced trade and commerce, suggesting that the foundations of the current financial paradigm are faltering.
3. Employment Woes and Shrinking Job Opportunities:
Traditionally considered a beacon of economic health, employment figures have taken a hit. Contrary to expectations, the latest employment report reveals a loss of 585,000 full-time jobs in a single month. This alarming trend underscores the fragility of the current economic environment and the inability to sustain consistent growth.
4. Escalating Job Cuts and Corporate Restructuring:
Amid the economic turmoil, companies across sectors are announcing an alarming number of job cuts. Even companies such as CVS Health are not immune to the economic storm. These developments highlight the ripple effect of economic decline, leading to financial instability at the individual level.
5. Soaring Housing Costs and the Burden on Homebuyers:
Rising interest rates are contributing to a nearly 20 percent surge in monthly costs for new homebuyers compared to the previous year. This surge is straining the housing market, rendering it increasingly unaffordable for average citizens. The ballooning costs are pushing the economy towards a critical inflection point.
6. Commercial Real Estate Mortgage Delinquency Surge:
The surge in delinquency rates for commercial real estate mortgages is indicative of a looming catastrophe in the commercial real estate sector. This unprecedented spike points to an impending crisis, casting a shadow over one of the pillars of the modern economy.
7. Growing Financial Vulnerability and Lack of Emergency Funds:
The increasing percentage of the population unable to cover a $400 emergency expense underlines the financial fragility faced by ordinary citizens. This lack of financial security is a symptom of deeper systemic issues within the fiat currency debt system.
These interconnected trends undeniably point to the fragility of the current global financial framework. The unsustainable nature of the fiat currency debt system is becoming increasingly apparent. To address this imminent crisis, an alternative system must be devised and implemented before the point of no return is reached.
The Alternative: Our GCR – A Sound Monetary Solution:
The looming collapse of the fiat currency debt system calls for a radical alternative that ensures stability, fairness, and prosperity for all. Enter Our GCR – an Asset-Backed Global Currency Reset that wipes out former fiat currency debts and revalues global currencies based on a set of just and balanced financial principles.
Our GCR addresses the core issues plaguing the current system by backing currencies with tangible assets, ensuring their stability and intrinsic value. This eliminates the dependence on debt and restores trust in the monetary system. Moreover, by revaluing global currencies under a fair and balanced framework, Our GCR recognizes all individuals as sovereign entities, ensuring that financial prosperity is not concentrated in the hands of a few.
The writing on the wall is clear: the global fiat currency debt system is careening towards collapse. The signs are present, and the need for an alternative is urgent. Our GCR presents a viable solution that promises stability, fairness, and a fresh start for the world’s financial landscape. It’s time for a paradigm shift that places the well-being of humanity at the forefront and paves the way for a new era of economic prosperity.
Source Links providing factual evidence for the above collapse warning signs:
US state and local governments just experienced the worst decline in income tax revenues ever recorded. This was the second steepest year-over-year percentage decline in history, with only the GFC having a worse outcome. Note that Federal tax receipts are also dropped again,… Show more
https://www.zerohedge.com/markets/freight-volume-and-spending-declined-markedly-second-quarter
https://www.breitbart.com/economy/2023/08/01/prescription-pink-slips-cvs-health-to-cut-5000-jobs/
https://www.foxbusiness.com/lifestyle/homebuyers-monthly-costs-rise-20
Unlike the defaults during the Financial Crisis, this default cycle is structural, in addition to being financial.
https://www.zerohedge.com/markets/freight-volume-and-spending-declined-markedly-second-quarter
https://www.breitbart.com/economy/2023/08/01/prescription-pink-slips-cvs-health-to-cut-5000-jobs/
https://www.foxbusiness.com/lifestyle/homebuyers-monthly-costs-rise-20
Contributing Article: http://theeconomiccollapseblog.com/7-trends-which-indicate-that-economic-disaster-is-approaching-very-rapidly/
Ai3D Website: Ai3D.blog
Ai3D on Telegram: GCR_RealTimeNews
Ai3D on Twitter: @Real_AwakeIn3D
Awake-In-3D: The Ultimate Cheat Sheet for Understanding a BRICS Gold-Backed Currency
Awake-In-3D:
The Ultimate Cheat Sheet for Understanding a BRICS Gold-Backed Currency
On August 8, 2023 By Awake-In-3D
As anticipation builds for the upcoming BRICS Summit in South Africa this month, the global economic landscape stands on the brink of a potential transformation. Understanding what’s truly happening around the potential for a BRICS gold-backed trading currency is a highly complex and geo-politically charged subject. So I have created the Ultimate Cheat Sheet that gives you everything you need in a convenient list of key information.
The landscape of BRICS Alliance discussions, rumors, and implications presents a complex tapestry that could reshape international finance. The Cheat Sheet below breaks down the intricate details surrounding the prospects of a BRICS gold-backed trade currency and the resurgence of a gold currency standard.
Awake-In-3D:
The Ultimate Cheat Sheet for Understanding a BRICS Gold-Backed Currency
On August 8, 2023 By Awake-In-3D
As anticipation builds for the upcoming BRICS Summit in South Africa this month, the global economic landscape stands on the brink of a potential transformation. Understanding what’s truly happening around the potential for a BRICS gold-backed trading currency is a highly complex and geo-politically charged subject. So I have created the Ultimate Cheat Sheet that gives you everything you need in a convenient list of key information.
The landscape of BRICS Alliance discussions, rumors, and implications presents a complex tapestry that could reshape international finance. The Cheat Sheet below breaks down the intricate details surrounding the prospects of a BRICS gold-backed trade currency and the resurgence of a gold currency standard.
All the information you need is listed under a few key categories.
Hope this helps you prepare for what may be the first, tangible blueprint and fist stage of Our Global Currency Reset (GCR)!
The Big Picture: Navigating Towards a New Financial Paradigm
From Russia’s pivotal role in spearheading an expanded BRICS trade settlement currency to discussions about reviving the gold standard, the stage is set for a paradigm shift in global finance. This ultimate cheat sheet unveils a series of interconnected points that shed light on the intricate journey towards potentially breaking free from the dominance of the US dollar and western fiat currencies. As economists, investors, and policymakers grapple with the intricate web of gold and credit relationships, the groundwork for a new financial landscape is being laid.
Russia has confirmed the agenda for an expanded BRICS trade settlement currency at the Johannesburg summit.
The return of gold standards is being discussed as a possibility if a new gold-backed trade settlement currency emerges.
The currency board model is considered as a potential template for implementing gold standards.
Gold reserves must cover the bank note issue, and both Russia and China are assessed to have ample cover to implement gold standards.
The opportunity for other allied nations to implement currency boards with the renminbi is mentioned.
There is a deficit of above ground gold stocks in the western alliance and nations due to vast quantities of bullion migrating from the west to the east.
There are indications that a new gold-linked trade settlement currency will be proposed at the BRICS summit in Johannesburg.
The specific details of the proposal, including its form and implementation, are yet to be revealed.
Russia is leading the project, and it is speculated that Sergei Glazyev’s work may be incorporated.
The global confidence in throwing off the dominance of the US dollar and western fiat currencies is growing.
Economists and investors in the western alliance will need to understand the relationship between gold and credit in a gold standard system.
Social legislation and regulations may need to be rescinded, and responsibility for individual actions handed back to them.
Russia, China, and other countries have a stronger position to operate currency boards tied directly or indirectly to gold.
A currency board is a system that fixed the exchange rate to an anchor currency and guarantees convertibility.
A currency board requires sufficient foreign exchange reserves to cover the entire narrow money supply and provides confidence to holders of the currency.
The role of the monetary authority is limited to controlling currency issuance and should be separate from government funding and banking supervision.
The classic gold standard and currency board systems share the separation of currency issuing from banking responsibilities.
In the classic gold standard, gold backing for the currency does not need to be 100%. Sir Isaac Newton proposed a minimum 40% formula.
The 1844 Bank Charter Act required the Bank of England to back every additional bank note in circulation with gold.
Critics argue that currency boards and gold standards are too inflexible, but this characteristic is intentional.
Governments without welfare commitments can more easily avoid budget deficits under these systems.
Weaknesses in emerging economies’ currencies are often attributed to mismanagement, lack of international credibility, and misguided monetary policies.
African nations faced challenges in undoing progress made under colonial rule and exploring self-determination, often experiencing corruption and mismanagement.
China now offers investment in African infrastructure through local partnerships, providing an alternative to foreign aid and potential economic growth.
Breaking Down the Gold-Backed Trade Currency: Unveiling the What, How, and Why
The cornerstone of this potential transformation lies in the establishment of a gold-backed trade settlement currency within the BRICS framework. As Russia’s agenda gains momentum, supported by key players like Saudi Arabia and Iran, the implications for energy and commodity exporters become increasingly pronounced. Unraveling the intricacies of this process, we delve into the motivations, sequential steps, and the potential consequences that could ripple through global markets.
BRICS+ aims to establish a new industrial revolution for emerging nations, with credible gold standards as the foundation.
A gold-backed trade settlement currency provides an alternative payment medium to the dollar, particularly appealing to energy and commodity exporters.
Russia, supported by countries like Saudi Arabia and Iran, is motivated to devise and back a gold-backed trade settlement currency.
The next step involves major currencies within the BRICS block transitioning to gold standards, starting with Russia and then China.
The introduction of a gold-backed trade currency is expected to undermine the purchasing power of the dollar, leading to higher oil and gas prices.
Rising oil prices will benefit Russia’s finances, and a gold standard would provide protection for the rouble, leading to stable interest rates.
Sergei Glazyev and President Putin have expressed the objective of implementing a gold standard for the rouble.
As the dollar weakens, both the rouble and renminbi are likely to seek protection through gold to mitigate potential consequences.
Breaking Down Russia’s Gold Position: A Pillar of Strength
Russia emerges as a central figure with an impressive gold position, a potential linchpin for driving this transformation. With substantial gold reserves and the capacity to exert foreign financial policies, Russia’s journey towards a gold standard gathers significance. By exploring Russia’s gold reserves, both official and unofficial, this section underlines the strategic depth of its position and how it could influence the trajectory of global finance.
Russia officially holds 2,302 tonnes of monetary gold reserves, but there are additional unknown quantities held in the State Fund of Russia and the State Fund for Precious Metals.
Unofficial estimates suggest that these additional funds may contain around 10,000 tonnes of gold, potentially bringing Russia’s total state holdings to over 12,000 tonnes.
This amount of gold gives Russia the ability to pursue foreign financial policies and reduce dependence on external lenders, enhancing its reputation, credit rating, and investment attractiveness.
Sergei Glazyev, who shares similar views to President Putin, has emphasized the importance of large gold reserves for Russia.
Glazyev is also involved in discussions about replacing the US dollar for trade and commodity pricing in the Eurasian Economic Union, where gold is seen as a potential backing for trade settlements.
Russia has a significant gold mine output of 325 tonnes, which is planned to be increased and was second only to China’s output of 375 tonnes.
If Russia can monetize just 10,000 tonnes of its gold, it would provide four times cover for the monetary base (M0) and an additional 11% cover annually from mine output.
Moving the rouble onto a gold standard would be beneficial for Russia, as it could be easily maintained by refocusing policy to exercise greater control over the monetary base.
In the year to May, the monetary base was destructively inflated by 24%, highlighting the need for better control.
Breaking Down China’s Gold Position: The Dragon’s Hidden Arsenal
China’s carefully orchestrated accumulation of gold over decades sets the stage for a powerful influence on the unfolding narrative. Under the strategic stewardship of the People’s Bank of China, the nation’s gold reserves take on multifaceted roles. This section unravels China’s gold regulations, its production dominance, and the nuanced strategy behind its gold accumulation, all of which contribute to its substantial financial leverage.
China implemented regulations in June 1983 to strengthen control over gold and silver, guarantee the state’s requirements, and combat smuggling, speculation, and profiteering.
The People’s Bank of China (PBoC) is responsible for the control of gold and silver in China. It can allocate gold purchases to other state entities like the People’s Liberation Army and the Communist Party Youth Wing, retaining a small balance for reserve asset purposes.
China has become the largest gold producer in the world, mining 6,869 tonnes since 2002, and processing this gold through state-owned refineries.
The regulations establish the state’s monopoly over gold and silver, allowing for free importation but tightly controlling exports.
The PBoC established the Shanghai Gold Exchange in 2002, under its control, to permit the public to acquire gold while maintaining state control over the commodities.
China had been accumulating gold for nineteen years before allowing private ownership in 2002. It is estimated that the PBoC quietly accumulated as much as 25,000 tonnes during this period.
The cost of China’s gold accumulation equates to roughly 10% of her exports over the period.
The exact amount of China’s gold accumulation is speculative, but it is clear that a significant undeclared stockpile was deliberately accumulated by 2002 and allocated to various state entities.
Deliveries of gold to the public since 2002, through the Shanghai Gold Exchange, have totaled over 22,000 tonnes, gross of returned scrap.
Assuming China’s monetary authorities have 25,000 tonnes of gold available for monetization, it would cover the M0 money supply about 1.5 times at current gold prices.
The Combined Influence of Russia and China on a BRICS Gold Standard: A New Global Landscape
The intertwining journeys of Russia and China converge to establish a potent potential for a BRICS gold standard. The sheer weight of their combined efforts raises questions about the fate of the US dollar, the viability of existing fiat currency systems, and the prospects of a tectonic shift in international finance. Delving into the broader implications, this section examines the dynamics that could catalyze or hinder the realization of a new gold-backed financial order.
China and Russia are moving towards protecting their currencies and their joint project for global industrialization of emerging economies by potentially adopting gold standards.
China has been secretly accumulating gold bullion since 1983, and if the People’s Bank of China (PBoC) had accumulated 20,000-25,000 tonnes by 2002, the total could exceed 30,000 tonnes today.
Russia accelerated its plans to acquire monetary gold following Western sanctions.
Both China and Russia appear to be in a position to comfortably cover their narrow money supply measures, particularly bank notes issued by the monetary authority.
Asian central banks are also reporting the accumulation of higher gold reserves, indicating a wider adoption of gold standards.
The adoption of gold standards by China and Russia would lead to an accelerated destruction of the US dollar’s purchasing power, which is already on a path of decreasing value due to its debt trap.
However, China’s economic objectives, particularly the protection of her export markets, may make gold standards unlikely as it would undermine major fiat currencies.
Janet Yellen’s recent meetings in Beijing and Henry Kissinger’s subsequent visit were likely attempts to address the potential threat of a new gold-backed trade settlement currency on the dollar’s standing.
China’s focus is increasingly on protecting her investments in Asia, Africa, and Latin America, as rising dollar interest rates can be damaging to emerging nations, which may encourage them to seek protection by joining BRICS.
Summing It All Up as We Await the Forthcoming BRICS Summit: A Glimpse into the Future
As the world’s attention turns to the impending BRICS Summit in South Africa, this guide offers a panoramic view of the multifaceted forces at play. From the fading dominance of the dollar to the potential collapse of the fiat currency system, the intricacies of global finance are dissected, providing a lens through which to understand the converging currents of change. With Russia and China at the helm of a potential transformation, this ultimate cheat sheet illuminates the journey towards a new economic era, poised on the edge of redefining the world’s financial order.
The Russian and Chinese axis sees clear advantages in supporting a new trade settlement and commodity purchasing gold-backed currency, and the introduction of such a currency could happen rapidly, taking the world by surprise.
The fiat currency regime based on the dollar is believed to have run its course, leaving multiple debt traps and an outlook of stagflation or worse within the western alliance.
The world’s fiat currency regime is facing existential crises, including government debt traps, a turning credit cycle, and the inability of major central banks to rescue failing commercial banks.
The collapse of the bullion trading system, which revolves around swaps, leases, and rehypothecations of bullion, could add to the problems and be triggered by the end of the fiat currency system.
China and Russia have prepared for this moment, with sufficient bullion available to cover their narrow money supply and protect their currencies from a fiat currency crisis.
Other nations may find it more difficult to move towards gold backing of their currencies due to a shortage of monetary gold caused by double counting of reserves through leasing and swaps.
Many BRICS attendees at the Johannesburg meeting may need to rely on China’s yuan through a currency board relationship if they want to pursue gold backing for their currencies.
The rest of the world faces the prospect of being trapped in a widespread fiat currency collapse with no visible escape.
Contributing Source Article: https://www.goldmoney.com/research/gold-is-replacing-the-dollar
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https://ai3d.blog/the-ultimate-cheat-sheet-for-understanding-a-brics-gold-backed-currency/
Awake-In-3D: NESARA and WorldCoin Promise Universal Basic Income – What You Need to Know
Awake-In-3D:
NESARA and WorldCoin Promise Universal Basic Income – What You Need to Know
On August 6, 2023 By Awake-In-3D
In CBDCs and Digital Finance, RV/GCR Articles
One of the widely stated core tenants of NESARA (or GESARA) has been Universal Basic Income (UBI). Regardless of your thoughts or opinions on NESARA/GESARA, which quickly morphed into an economic “toolbox” fixing every problem known to humanity, we are now presented with the Worldcoin Project promising to deliver UBI to everyone on the planet.
I suppose if one believes that XRP/XLM/Stellar is the QFS network, it would not be a far stretch to believe that billionaire Sam Altman’s WorldCoin Project is a part of NESARA. Altman is a celebrity Silicon Valley entrepreneur and notably known today as the Co-Founder and CEO of the OpenAi Project (ChatGPT, etc.).
I will leave ultimate discernment up to you, but here’s my take on what doesn’t smell right about Sam’s most recent project called WorldCoin.
Awake-In-3D:
NESARA and WorldCoin Promise Universal Basic Income – What You Need to Know
On August 6, 2023 By Awake-In-3D
In CBDCs and Digital Finance, RV/GCR Articles
One of the widely stated core tenants of NESARA (or GESARA) has been Universal Basic Income (UBI). Regardless of your thoughts or opinions on NESARA/GESARA, which quickly morphed into an economic “toolbox” fixing every problem known to humanity, we are now presented with the Worldcoin Project promising to deliver UBI to everyone on the planet.
I suppose if one believes that XRP/XLM/Stellar is the QFS network, it would not be a far stretch to believe that billionaire Sam Altman’s WorldCoin Project is a part of NESARA. Altman is a celebrity Silicon Valley entrepreneur and notably known today as the Co-Founder and CEO of the OpenAi Project (ChatGPT, etc.).
I will leave ultimate discernment up to you, but here’s my take on what doesn’t smell right about Sam’s most recent project called WorldCoin.
The Dangers of Worldcoin – A likely Bad Guy Global Tracking System
Worldcoin, a project claiming to provide a solution for proof of personhood for every human on the planet, presents several concerning dangers.
The “All-Seeing Orb” and Biometric Data Collection
Worldcoin utilizes a device called the Orb, which employs infrared cameras, sensors, and AI-powered neural networks to scan people’s irises and verify their humanity. These Orbs are being installed in cities worldwide, with individuals offered $30 to participate and provide their irises to the All-Seeing Orb. So far, over two million people in 30 countries across five continents have participated.
The Promise of Cataloging for Future Opportunities
The proponents of Worldcoin argue that cataloging every real human on the planet is crucial to ensure that no one is left behind in the forthcoming era of advanced general intelligence (AGI) when AI surpasses human intelligence. They claim that by registering everyone, prosperity and opportunities can be equally distributed.
Problems with AGI and Habsburg AI
However, there are significant issues with AGI. When AI is trained on synthetic data rather than “pure human data,” it can become what researchers refer to as “Habsburg AI.” This term describes a system heavily trained on the outputs of other generative AIs, resulting in an inbred mutant with exaggerated and grotesque features. This raises concerns about the reliability and trustworthiness of AGI systems developed through such methods.
Woldcoin Goes Beyond Global Identification – It Promises Universal Basic Income as Bait
Worldcoin’s promoters make grand promises of massive wealth and universal basic income (UBI) for all. They claim that distributing wealth equally among every human on the planet is a noble goal. However, it is essential to question the true intentions behind these promises.
The Temptation of UBI and Material Abundance
The offer of UBI and the vision of a materially abundant world through Worldcoin may appear enticing at first glance. But it is crucial to consider the motivations behind such proposals. History has shown that once individuals acquire power, they often seek to consolidate and expand it rather than genuinely sharing it.
How Would Worldcoin Provide Global UBI?
Worldcoin proposes to provide universal basic income (UBI) through its cryptocurrency called Worldcoin (WLD). While the exact mechanism and funding details are not explicitly outlined in the provided information, the general idea is that the wealth generated through the Worldcoin network will be distributed equitably among all humans as UBI.
It is likely that the funds for UBI distribution would come from various sources within the Worldcoin ecosystem. One possibility is that Worldcoin’s creators intend to allocate a portion of the newly created cryptocurrency tokens to fund the UBI program. This would involve generating a fixed supply of Worldcoin tokens and distributing them regularly to eligible individuals as a form of UBI.
Another potential source of funding could be transaction fees or revenue generated through the Worldcoin network. If the network facilitates various financial activities, such as transactions, investments, or decentralized applications, a portion of the fees or revenue generated from these activities could be allocated to support the UBI program.
However, without further specific details about the financial model and implementation plan of Worldcoin, it is challenging to provide precise information on how the funds for UBI distribution will be obtained. It would require a more comprehensive understanding of the project’s underlying mechanisms and economic structure.
Conclusion
Worldcoin raises concerns regarding the collection and usage of biometric data, the pitfalls of AGI, the true motivations behind promises of wealth and UBI, and the potential erosion of privacy. It is crucial to approach initiatives like Worldcoin with caution, considering the risks and implications they pose to individuals and society as a whole.
Contributing article: https://off-guardian.org/2023/08/05/worldcoin-ai-requires-proof-that-you-are-human/
RELATED Ai3D POST:
Worldcoin’s Global Blockchain ID – A Gateway to Government Control and Financial Manipulation?
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https://ai3d.blog/nesara-and-worldcoin-promise-universal-basic-income-what-you-need-to-know/
Awake-In-3D: The Truth – Massive Quantity of Vatican Gold Taken to USA Requiring 650 Plane Loads!
Awake-In-3D:
The Truth – Massive Quantity of Vatican Gold Taken to USA Requiring 650 Plane Loads!
On August 4, 2023 By Awake-In-3D
The claims of massive gold removal from the Vatican and its transportation to the United States have been circulating on various conspiracy theory and RV/GCR (Revaluation/Golden Currency Reset) rumor mill sites for quite some time. As evidenced by the chronological report and web links provided, these reports date back to September 2020 and have resurfaced on multiple occasions since then. It is important to note that the sources reporting these events are often known for spreading speculative and unverified information, making it crucial to exercise critical thinking and scrutinize such claims carefully.
Awake-In-3D:
The Truth – Massive Quantity of Vatican Gold Taken to USA Requiring 650 Plane Loads!
On August 4, 2023 By Awake-In-3D
The claims of massive gold removal from the Vatican and its transportation to the United States have been circulating on various conspiracy theory and RV/GCR (Revaluation/Golden Currency Reset) rumor mill sites for quite some time. As evidenced by the chronological report and web links provided, these reports date back to September 2020 and have resurfaced on multiple occasions since then. It is important to note that the sources reporting these events are often known for spreading speculative and unverified information, making it crucial to exercise critical thinking and scrutinize such claims carefully.
The reported events include allegations of an international military force repatriating an unprecedented 650 plane loads of gold and cash from the Vatican to the US Treasury. Additionally, there have been claims of the closure of thousands of Vatican bank accounts associated with illegal activities and the arrest of high-profile individuals, including the Pope. Furthermore, the mentioned amounts of gold, ranging from $34 quintillion to “more gold than you can imagine,” raise eyebrows and warrant skepticism.
While these reports may capture the attention of certain audiences, it is vital to rely on credible and authoritative sources to verify such extraordinary claims. Major media outlets have not reported on these events, and reputable experts in the field have dismissed the claims as unrealistic and unsupported by evidence.
In the chronological list below, I outline the origin and proliferation of these claims, examining the key dates and web links that trace their circulation back to 2020.
By critically analyzing the information and its sources, we can better understand the nature of these reports and discern the likelihood of their veracity. As we delve into the details, it becomes evident that the current reports of gold being removed from the Vatican and transported to the United States are highly likely to be false claims perpetuated by dubious sources.
Chronological Report on 650 Plane Loads of Vatican Gold Seizure between 2020 and 2021
1. Date: September 24, 2020
Article: “Vatican Pedophile Network Closed as Gold Repatriated to US Treasury”
Author: Judy Byington
Summary: An international military force reportedly repatriated 650 plane loads of gold and cash from the Vatican to the US Treasury. Charlie Ward, Ph.D., claimed his team secured the gold and valuables and also stated that 13 demon-bloodline families, Mafia heads, the Pope, and 350 personnel in the Vatican were arrested. This action led to the closure of over 6,000 Vatican bank accounts used for illegal activities.
2. Date: October 22, 2020
Location: Vatican City to Jerusalem (tunnel)
Associated Authors : Marilyn Williams, Charlie Ward, Mark Taylor (author of a prophetic word)
Web Link: https://marilynjwilliams.com/more-gold-than-you-can-imagine-found-in-the-tunnel/
Summary: A tunnel between Vatican City and Jerusalem was discovered containing gold. The amount of gold found is “more gold than you can imagine” stacked 13 levels high for the first 150 miles (241 kilometers) of the tunnel and “650 planes used to transport the gold”.
3. Date: July 15, 2021
Article: “Was $34 Quintillion In Gold Seized From The Vatican?”
Author: Ryan King
Link: https://checkyourfact.com/2021/07/15/fact-check-34-quintillion-gold-seized-vatican/
Summary: A Facebook post claimed that $34 quintillion in gold was seized from the Vatican and would be distributed globally. However, Fr. Roger Landry, an attaché to the Permanent Observer Mission of the Holy See to the United Nations, debunked the claim as false, stating that such an amount of gold is unrealistic and non-existent.
4. Date: February 1, 2021
BlogTalk Radio Broadcast: Jim Willie – “Many Plane Loads of Gold Have Been Removed From the Vatican”
Author: Jim Willie
Summary: Jim Willie reported on BlogTalk Radio that many plane loads of gold had been removed from the Vatican. However, no specific details about the amount of gold or the circumstances of its removal were provided in the information available.
Please note that the information presented in these reports should be evaluated critically, as some of the claims may lack reliable sources or be speculative in nature. Always verify information from multiple credible sources before accepting it as factual.
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https://ai3d.blog/the-truth-massive-quantity-of-vatican-gold-taken-to-usa-requiring-650-plane-loads/
Awake-In-3D: A Tale of Two Financial Doom Loops – Japan Leads and the USA Follows
Awake-In-3D:
A Tale of Two Financial Doom Loops – Japan Leads and the USA Follows
On August 3, 2023 By Awake-In-3D
In RV/GCR Articles, Fiat Debt System Collapse Articles
In an era of mounting financial challenges and escalating risks to global economies, the need for a stable and sustainable monetary system becomes increasingly evident. When we closely examine the economic landscapes of both the USA and Japan, the pressing need for a transformative approach becomes apparent.
Awake-In-3D:
A Tale of Two Financial Doom Loops – Japan Leads and the USA Follows
On August 3, 2023 By Awake-In-3D
In RV/GCR Articles, Fiat Debt System Collapse Articles
In an era of mounting financial challenges and escalating risks to global economies, the need for a stable and sustainable monetary system becomes increasingly evident. When we closely examine the economic landscapes of both the USA and Japan, the pressing need for a transformative approach becomes apparent.
Spiraling debt levels, surging inflation, and the vulnerability of fiat currencies call for a viable alternative – Our Gold-backed RV/GCR.
The intrinsic value and trust of gold, its protection against inflation, the fiscal discipline it instills, and its potential for crisis resilience and global cooperation, are the compelling reasons behind embracing a gold-backed currency.
Such a monetary system holds the key to charting a path towards economic stability, prosperity, and resilience in the face of uncertainties, safeguarding the well-being of our economies and citizens alike.
The USA is Following in Japan’s Financial Footsteps – Off the Fiat Debt Cliff
The world is witnessing two economic powerhouses, Japan and the United States, grappling with unprecedented financial challenges. As Japan’s latest attempts to escape financial collapse come into focus, it becomes clear that the USA is not immune to the dangers of its own burgeoning debt system.
By examining Japan’s journey and its striking similarities to the USA’s current situation, we can argue that both nations are facing an unavoidable crash in the global fiat currency debt system.
1. Soaring Debt Levels
Japan has long been grappling with an astronomical national debt, amounting to approximately 265% of its GDP. Years of deficit spending, combined with an aging population and slow economic growth, have contributed to this precarious situation.
The United States is not far behind Japan, with its debt-to-GDP ratio surpassing 130%. Spiraling fiscal deficits, driven by increased government spending and reduced tax revenues, have placed the nation on a dangerous trajectory.
Comparative Insight: Both countries share an alarming reliance on debt financing, leading to unsustainable debt levels. The inability to effectively tackle these mounting obligations poses a significant threat to their respective economies.
2. Central Bank Intervention
In response to its prolonged economic stagnation, Japan’s central bank, the Bank of Japan (BOJ), implemented aggressive monetary policies, including Quantitative and Qualitative Monetary Easing (QQE) and Negative Interest Rate Policy (NIRP). These measures aimed to stimulate inflation and boost economic growth.
The USA’s Federal Reserve has similarly adopted unconventional monetary policies, such as Quantitative Easing (QE), to address economic challenges in the aftermath of the 2008 financial crisis. The Fed’s intervention has led to a ballooning balance sheet and artificially low interest rates.
Comparative Insight: While central bank intervention provided temporary relief, it has also created new risks and vulnerabilities. In both cases, the measures failed to generate robust and sustainable economic growth, raising concerns about the effectiveness of such strategies in the long term.
3. Persistent Deflation and Inflation Concerns
Despite aggressive monetary measures, Japan has struggled to break free from deflationary pressures that have plagued its economy for decades. Persistent deflation undermines consumer spending and business investment, further exacerbating economic challenges.
The USA faces an opposite concern, battling rising inflation rates that erode purchasing power and reduce the real value of debt. Soaring inflation is triggered by excessive government spending, supply chain disruptions, and other economic factors.
Comparative Insight: Japan’s inability to escape deflation and the USA’s struggles with surging inflation demonstrate the built-in financial doom loop of fiat currency systems. Both scenarios illustrate the unintended consequences of policy interventions and the challenges in achieving sustainable price stability.
4. Economic Growth and Structural Reforms
Japan has struggled to achieve sustained economic growth, partially due to its aging population and lack of structural reforms. These challenges have hindered productivity and innovation, hampering the country’s overall economic performance.
The USA’s economic growth, while relatively stronger than Japan’s, is also marred by structural issues. Disparities in income distribution, lack of investment in critical sectors, and a dependence on consumer spending raise concerns about the nation’s long-term economic viability.
Comparative Insight: Both Japan and the USA need to address underlying structural issues to foster sustainable economic growth. Failure to implement comprehensive reforms could lead to prolonged stagnation and hinder efforts to escape the debt trap.
Japan’s ongoing struggles with a debt-ridden economy serve as a stark warning to the United States and the global community. As the USA finds itself on a parallel path of soaring debt levels, central bank intervention, and economic challenges, the risk of a looming financial collapse cannot be ignored. The similarities between Japan’s past and the USA’s current financial situation highlight the pressing need for decisive actions and comprehensive reforms to avert an impending crash of the global fiat currency debt system.
The Gold-Backed Solution: Charting a Path for Economic Stability in the USA and Japan
As we closely examine the financial challenges faced by both the USA and Japan, the urgent need for a stable and reliable monetary system becomes apparent. In light of the looming risks associated with fiat currencies, I wholeheartedly advocate for a gold-backed financial system as the only viable alternative to avert an impending financial catastrophe in both nations.
A gold-backed financial system presents a compelling solution to the risks of fiat currencies, inflation, and unsustainable debt levels. By restoring trust, protecting against inflation, promoting fiscal discipline, and fostering global cooperation, a gold-backed currency can chart a path towards stability, prosperity, and financial security for both nations.
Related Articles:
https://ai3d.blog/japans-catastrophic-debt-and-the-inevitable-collapse-of-the-yen-fiat-currency/
https://ai3d.blog/bank-of-japans-recent-tweak-has-gone-horribly-wrong/
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https://ai3d.blog/a-tale-of-two-financial-doom-loops-japan-leads-and-the-usa-follows/