This is a long post, my friends, because our nation faces complex problems and our enemies (both foreign and domestic) are doing everything they can can to splinter and divide us. Please bear with me.
Pax Americana
The United States has enjoyed unchallenged financial/economic power since the end of WWII and has enjoyed global hegemony since Ronald Regan triggered the collapse of the Soviet Union.
The unilateral power and authority of the United States has resulted in what many refer to as the 'Pax Americana'. This has been an 80 year period of relative peace (i.e. no massively destructive wars between global economic powers) and the resultant, unprecedented growth in global prosperity.
Many people around the world resent American prosperity... sadly, many Americans have been convinced that America is evil, racist, colonial, greedy... etc & so forth. We have become a house-divided. Perhaps Diversity = Division.
The End of America - The End of Prosperity
There is a lot of chatter lately about the decline of the United States and the advent of a 'multi-polar world'. A world where the United States is no longer dominant... a world with two (or more) powerful adversarial blocks fighting over resources.
This is the future world advocated by Klaus Schwab and the World Economic Forum (WEF). One of their stated, public goals is 'the end of America as a superpower'. neoterra.us/blog/sustaining-liberty-the-great-reset
In concert with the intentional destruction of America is the intentional destruction of prosperity and the middle class. Last year, Emmanuel Macron (A WEF stooge and still the President of France) told his nation "we are living the end of what could have seemed an era of abundance … the end of the abundance of products of technologies that seemed always available … the end of the abundance of land and materials including water,” neoterra.us/blog/the-great-reset-europe-is-so-screwed-part-2
I am not surprised that France is burning,.. I am surprised this anti-French stooge is still President.
BRICS
China and India have been rapidly rising economically over the past two decades. Quite honestly, I am happy to see growing prosperity and a growing middle-class in these large, populous countries.
Unfortunately, a new, 'multi-polar' block is forming to challenge the Pax Americana. This block is called BRICS, which stands for Brazil, Russia, India, China and South Africa.
China is the dominant economy (and military power) within BRICS. China wants Renminbi (RMB) to replace the US Dollar (USD) as the global Reserve Currency.
However, China's authority within BRICS is like Germany or France's authority within the EU. It is a weak union... not based on actual unity of purpose, culture or ideals but only based on a perceived belief they can individually benefit from the decline of Pax Americana.
BRICS is fragile. The EU is fragile.
The Gold Standard
Members of BRICS are buying gold to create the illusion that their currencies adhere to a 'Gold Standard'. This is BULLSHIT. It is only a maneuver to further erode confidence in the Biden destroyed dollar. It is psychological warfare.. and Biden/Yellen are the main useful idiots.
Gold cannot save the USD or establish the RMB... there just isn't enough gold on planet Terra... please read on.
The Global Economy
By 2022, the global GDP was roughly $100 TRILLION. The United States has had the world's largest economy since 1871 (long before the start of Pax Americana). In spite of this, the Europeans looked down on us for more than 70 years (until the end of WWII when Truman established American dominance). China is now catching up.
Pax Americana
The United States has enjoyed unchallenged financial/economic power since the end of WWII and has enjoyed global hegemony since Ronald Regan triggered the collapse of the Soviet Union.
The unilateral power and authority of the United States has resulted in what many refer to as the 'Pax Americana'. This has been an 80 year period of relative peace (i.e. no massively destructive wars between global economic powers) and the resultant, unprecedented growth in global prosperity.
Many people around the world resent American prosperity... sadly, many Americans have been convinced that America is evil, racist, colonial, greedy... etc & so forth. We have become a house-divided. Perhaps Diversity = Division.
The End of America - The End of Prosperity
There is a lot of chatter lately about the decline of the United States and the advent of a 'multi-polar world'. A world where the United States is no longer dominant... a world with two (or more) powerful adversarial blocks fighting over resources.
This is the future world advocated by Klaus Schwab and the World Economic Forum (WEF). One of their stated, public goals is 'the end of America as a superpower'. neoterra.us/blog/sustaining-liberty-the-great-reset
In concert with the intentional destruction of America is the intentional destruction of prosperity and the middle class. Last year, Emmanuel Macron (A WEF stooge and still the President of France) told his nation "we are living the end of what could have seemed an era of abundance … the end of the abundance of products of technologies that seemed always available … the end of the abundance of land and materials including water,” neoterra.us/blog/the-great-reset-europe-is-so-screwed-part-2
I am not surprised that France is burning,.. I am surprised this anti-French stooge is still President.
BRICS
China and India have been rapidly rising economically over the past two decades. Quite honestly, I am happy to see growing prosperity and a growing middle-class in these large, populous countries.
Unfortunately, a new, 'multi-polar' block is forming to challenge the Pax Americana. This block is called BRICS, which stands for Brazil, Russia, India, China and South Africa.
China is the dominant economy (and military power) within BRICS. China wants Renminbi (RMB) to replace the US Dollar (USD) as the global Reserve Currency.
- Sidebar - Renminbi (RMB) is the official name of Chinese currency similar to US Dollar. The more familiar term of 'Yuan' is like the term 'Buck'... and refers to one unit of currency.
- Sidebar - The concept of Reserve Currency is important to world stability. It is THE Currency that is universally accepted for international trade. It is the currency accepted for long term contracts on international commodities (food, oil, energy, metals) because it is believed to be stable.
- Sidebar - Massive printing of Monopoly Dollars and Bidenflation have allowed the Chinese to claim that contracts denominated in RMB are more secure/stable than contracts denominated in USD. The dollar is losing credibility.
However, China's authority within BRICS is like Germany or France's authority within the EU. It is a weak union... not based on actual unity of purpose, culture or ideals but only based on a perceived belief they can individually benefit from the decline of Pax Americana.
BRICS is fragile. The EU is fragile.
The Gold Standard
Members of BRICS are buying gold to create the illusion that their currencies adhere to a 'Gold Standard'. This is BULLSHIT. It is only a maneuver to further erode confidence in the Biden destroyed dollar. It is psychological warfare.. and Biden/Yellen are the main useful idiots.
Gold cannot save the USD or establish the RMB... there just isn't enough gold on planet Terra... please read on.
The Global Economy
By 2022, the global GDP was roughly $100 TRILLION. The United States has had the world's largest economy since 1871 (long before the start of Pax Americana). In spite of this, the Europeans looked down on us for more than 70 years (until the end of WWII when Truman established American dominance). China is now catching up.
All The Gold In The World - NOT Enough
Advocating a Gold Standard for currency is ridiculous. It is a myth pushed by China and online investment scammers. Gold has traditional, emotional value, rather than economic value.
Please let me be clear... the fiat Monopoly money printed by the Biden Treasury is even worse. BUT there is not enough gold to support the immense global economy. I'll go into that in a moment.
Let me be even more clear... if you want to invest in physical gold as a hedge against inflation... go right ahead. Physical gold will certainly retain value and might even do better than the stock market in these troubled times.
BUT... gold is NOT useful as an international standard of currency.
It's estimated that there is roughly 197,000 tons of gold on planet Earth with a total value of about $12 Trillion. This is a tiny fraction of the global $100 Trillion economy.
The United States holds the most (roughly 8,000 tons) which has a total value of less than $500 Billion.
$500 Billion is pretty small compared to the value of Apple ($2.3 Trillion) or Microsoft (More than $2 Trillion).
AND $500 Billion is just a drop in the bucket compared to our ever increasing national debt. In fact, with soaring interest rates, the interest alone will be more than $1 Trillion. In other words, there isn't enough gold to even pay the interest on our debt for one year!
Conclusion
Fiat Currency sucks and is always subject to escalating debt and inflation. BUT gold is not the answer. Perhaps currency should be backed by something tangible like a basket of goods such as food and energy.
Just a random thought.
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