Tuesday, January 30, 2024

THE POWER OF GOLD AND ECONOMIC REALITY: IS THERE ANY DIFFERENCE BETWEEN THE TWO?

 Gold for a comedian comes when a journalist who called Pizzagate a “debunked conspiracy theory” is convicted of child pornography charges.

Ancient alchemists believed gold is what keeps our heart ticking; today, for many, its gold-plated pacemakers. 

 

Monoatomic gold found in plants and biotechnologist's experiments have further contributed to this belief that no gold, your ticker stops.

 

Gold bugs believe: no gold, no economy.

 

Having a heart of gold doesn't just mean that you are generous or an easy touch; it may mean you have the prospects of a long life. 

 

Givers are unlike takers; they don't fret over who is going to take from them.

 

  • Therefore I tell you, do not be anxious about your life, what you will eat or what you will drink, nor about your body, what you will put on. Is not life more than food, and the body more than clothing? (Matthew 6:25)

A comedian might say laughter is the best medicine, but an economist will claim that gold is best for preserving wealth.

 

Economists see no value in thinking about non-material things nor not attributing a cost to everything that exists.  

 

Assessing life as priceless, just doesn't cut it, when talking to an "eco" — economist not an ecologist, which is a different species, and more likely to be green and wet behind the ears, rather than hardened by reality.


Listening to "gold bugs" pumping the highs and lows of their beloved metal and the rights and wrongs of the monetary system, like heavy metal, their drum beat is too much to bear.

 

Even listening to numerous expert financial wizards (deluded mostly) is depressing. The world is going to end. The US dollar is going to crash, if not this week, next, and if not this coming month, next month, and if not this year, by the end of the next. 

 

BRICS is going to sink the US dollar according to a majority of pundits. How's this going to happen?  Nobody is going to use the dollar anymore to buy goods outside the USA.

 

The USA still has the largest:

  • Economy
  • Banks
  • Stock exchange
  • Multinationals
  • Military expenditure

The combined population of BRICS countries is some ten times the population of the USA, and potentially a much larger consumer base than the US.

 

The BRICS countries consist of around 46% of the world’s population.

 

India

1,428,627,663

China

1,425,671,352

Brazil

216,422,446

Russia

144,444,359

Ethiopia

126,527,060

Egypt

112,716,598

Iran

89,172,767

South Africa

60,414,495

Saudi Arabia

36,947,025

EAU

9,516,871

Total

3,650,460,636

  

BRICS has the population base. However, let's have a look at how many US dollars their currencies buy.  

 

Knowing how many US dollars would be needed to buy one of every BRICS member's currency ought to give us an indication how soon the dollar is going to crash. 

 

On the 20th of January, 2024, the combined BRICS currencies could buy 98 cents US.

  • Brazilian Real buys US$0.20c
  • Russian Ruble buys US$0.01c
  • Indian Rupee buys US$0.01c
  • Chinese Yuan buys US$0.14c
  • South African Rand buys US$0.05c
  • Egyptian Pound buys US$0.03c
  • Ethiopian Birr buys US$0.01c
  • Iranian Rial buys US$0.00002c
  • Saudi Arabia Riyal buys US$0.26c
  • United Arab Emirati Dirham buys US$0.27c

Argentina pulled out of BRICS and adopted the US dollar as its official currency after the election of Javier Milei as president.  Argentina would have added the value of $0.001 cent, and the total BRICS currency value would still be close to 2 cents short of $US1.00.

 

Investopedia states:

 

The U.S. dollar is the most widely used currency in the world because of its stability and is likely to remain the global currency of choice until perhaps a global digital money system is patently accepted. 

 

Pegged

There are five higher valued currencies pegged to the US dollar:

  • One Cayman Island’s dollar buys $1.21. Cayman's is a tax haven.
  • One Jordanian Dinar buys $1.41 for no other reason than it is pegged
  • One Omani Rial buys $2.59 and has stability and oil.
  • One Bahrain Dinar buys $2.65 and also has stability and oil.
  • One Kuwaiti Dinar buys $3.23; oil rich and has stability.

If the above currencies were not pegged, except for Jordan and the Cayman Islands, their currencies probably would be similar to the UAE Dirham ($US0.27c).

 

Floating

When it comes to floating currencies, the US dollar, however, is worth less than the Euro, the Swiss Franc and the British Pound. 

  • One $US1.00 only buys 0.91.  
  • One US1.00 only buys CHF0.86.  
  • One US1.00 only buys £0.76. 

Approximate population figures:

  • United States — 360 million
  • European Union — 450 million
  • Switzerland — 8.9 million
  • United Kingdom — 68 million

What is evident, population figures are not where the value in currency is found. 

 

Productivity is where the value is found. More to the point, that value belongs to whoever owns and controls that productivity. 

 

The EU has more productivity than the USA. Much of this comes out of Germany, which is currently being purposely deindustrialized as major manufacturing moves to the southern USA. 

 

Switzerland is where the Bank of International Settlements resides, along with much of the world's gold.

 

The United Kingdom is all about the City of London, which controls  the US Fed and the world's financial system.

 

Production is the basis for an economy. Those who control this, whether they own it or not, are the ones who have the wealth. Once we understand this, the complexities of the world’s economic system are easier to negotiate.

 

NATO exists to keep the USA controlling Europe, Germany down and Russia out of Europe.

 

Russia has done better economically than what NATO expected, but it has had to raise interest rates, currently 16% to prevent people from putting cash under their mattresses and creating an economic crisis from a run on banks.

 

Newsweek questioned Putin's ability to overcome the sanctions that were intended to destroy Russia. Now that Putin appears to have outsmarted NATO, Newsweek admits that they lost the sanctions war.

 

Population

British Primatologist Jane Goodal made a statement at 2020's World Economic Forum (WEF) indicating that if Earth's population was that of the 1500s (under 500 million), many of the (perceived) problems would be resolved (for the elite). 

 

Associated Press detests the use of this statement when the obvious is clear.

 

The Georgia Guidestones no longer state Earth’s population should be 500 million—they have been destroyed.

                  

Destroy

The Heritage Foundation President Kevin Roberts received an invitation to WEF (2024), whereupon he issued an imprecatory statement denouncing Klaus Schwab and attendees as hypocritical Marxists, private-jet environmentalists, and genocide-adjacent humanitarians. When in attendance, he stated that everything that has been proposed by the WEF needs to be rejected.

 

Dutch farmers have been offered generous buyouts if they quit, so farms can be destroyed to house migrants. Meanwhile, the Dutch Queen defends “digital ID”.

 

German farmers are being squeezed towards bankruptcy.

 

Klaus

Schwab couldn’t handle Argentina President Javier Milei’attack against globalists with his new spirit.

 

Hope

Canadian Federal Court declares Klaus' young globalist Trudeau acted unjustifiably invoking the Emergencies Act against 2021 trucker's protest.

 

The more we care, the more we share.


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