It’s All Starting To Make Sense: The MOST SOUND Currency In The World RIGHT NOW Is?
SilverDoctors.com
March 21, 2018
Hint: They’re evil people who meddle in everything and cause myriad ruckus around the world, but talking finances, they’re king of the hill, and it will matter…
So it’s all starting to make sense now.
We keep hearing the terms “global reset”, ‘monetary reset”, and “financial reset”, but resetting what to what, and how would that look?
First, why would there be a reset?
Resets happen quite regularly for reasons such as hyperinflation, default on debt, break-down of the system, and loss of confidence, etc.
The last reset was in 1971 when Nixon closed the gold window.
Prior to that, it was the Bretton Woods Agreement that came out of WWII.
And now, we’re close to the point of the next reset.
The way that a nation conducts a reset, traditionally, which has always been the case and will be the case again, is that gold is revalued to a price that gets it equal to the outstanding debt or outstanding money supply of the nation.
Let’s use the example of money supply and look at where things stand right now.
In our example, let’s take ‘M0’, which is a type of money supply.
M0 is the most liquid type of money there is.
M0 is a measure of the money supply which counts all the cash floating around in the system as well as the liquid assets held in checking and savings accounts. Think of M0 as something that can be converted into cash on a whim.
So in our example, we will be resetting the price of gold to M0.
One question that comes up is, how much of the currency should be backed by gold?
We often hear analysts, such as Jim Rickards, throw out numbers of 20% gold backing or 40% gold backing.
I’m not goin’ down that road, however.
You see, Article 1 Section 8 of the US Constitution says that congress is to coin money and fix the standard of weights and measures.
Then, Article 1 Section 10 takes it one step further and requires that only gold and silver be our money.
This means the dollar (and units of the dollar, and multiples of the dollar) is supposed to be a specific weight and purity of gold & silver.
So I’m going to go with a 100% gold backing because that’s the only money we’re constitutionally allowed to have.
The Rest…HERE
