Their Secret Plan To Revalue Gold?
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That would be a mistake.
Because you'd be no richer, except maybe with a temporary chance to retire some debt. Gold won't be worth more - it's just an acknowledgement that the dollar is worth FAR LESS than we've been led to believe.
It takes some shifting of mental paradigms. We're in a world where cars are $70k and new homes, $500k. And real-estate tax bills, $40k a year.
Outrageous.
...not really. It's that the dollar has been so debased, that car-wash attendants now make $20 an hour. I remember when they made TWO dollars an hour.
Everything has gone up between 10x and 20x what it was fifty years ago.
Except your stated-benefit pension plan or IRA.
So my little pile of gold discs, are now worth three times what they were in January, if gold were at $9k. That doesn't mean I'm flush. It means my rent soon will be going up even MOAR, as I get notices of a two-percent COLA in my retirement benefits.
I need those gold slugs moar than ever, now.
Because you'd be no richer, except maybe with a temporary chance to retire some debt. Gold won't be worth more - it's just an acknowledgement that the dollar is worth FAR LESS than we've been led to believe.
It takes some shifting of mental paradigms. We're in a world where cars are $70k and new homes, $500k. And real-estate tax bills, $40k a year.
Outrageous.
...not really. It's that the dollar has been so debased, that car-wash attendants now make $20 an hour. I remember when they made TWO dollars an hour.
Everything has gone up between 10x and 20x what it was fifty years ago.
Except your stated-benefit pension plan or IRA.
So my little pile of gold discs, are now worth three times what they were in January, if gold were at $9k. That doesn't mean I'm flush. It means my rent soon will be going up even MOAR, as I get notices of a two-percent COLA in my retirement benefits.
I need those gold slugs moar than ever, now.
The Federal Reserve published a research note:
More:
More:
Official Reserve Revaluations: The International Experience
The Federal Reserve Board of Governors in Washington DC.
www.federalreserve.gov
What do you think the $34 and $41 prices were back in the day? They very well can fix the price of Gold, especially on their own balance sheets. What they can not do is fix the Value of Gold.
If the dollar is backed by gold, then a set price isn't a price-fixing; it's a measurement of what the dollar is worth / is backed by.
Listening, right now, to Mike Ferris (Coffee & A Mike) with author Matt Bracken.
Bracken has said, for a time, he thinks Trump is under duress - that Epstein was a Mossad operation and now Trump is under their control. He relays how Epstein was also involved in semi-legit beauty pageants, and Trump owned the trademarks for Miss Universe. And that Trump, 30 years ago, called the cops in Florida, for rowdy kids - thinking they were neighbor kids. They were, kinda - his neighbor a couple mansions over, was Epstein. So, Trump, the Miss Universe owner, and Epstein, the hanger-on and recruiter, surely had paths cross.
There's logic to that - Bracken also shows how Alan Dershowitz, who has been obviously impotent for a LONG time, was also in the Epstein flight logs. There's levels of involvement and contact.
So they got Trump. Epstein was the cat's paw of Mossad, AND MAYBE, also, the Wierd Elitists' Fantasy club, there in Davos.
Trump may well feel he has no choice. Being outed would not be the worst of it - he could get hit and THEN have the family destroyed by Mossad/WEF planted fake evidence, to discredit and criminalize the survivors. AND to proceed with the Grate Reset - ramp it up, again, boys, Orange-Man GONE!
So, to tie it in: Yes, I think Trump is pushing this. No, I don't think he's doing it of his own volition.
It is price fixing... clearly the value of gold was changing during that time. But they had to change the price fix because the dollar was getting weaker.
No, they changed the price, at the times they did - post-Civil War, and after Roosevelt's theft - they did that in a deliberate program to inflate the currency.
Remember, they couldn't, in those days, just print or CTRL+P moar dollars. Dollars were backed. But Roosevelt's Socialist underlings had their plans. They needed MOAR.
So they increased the money supply by 65 percent or so, revaluing the confiscated gold from $20 to $35.
Neat trick. But it wasn't suppressing the price. It was STATING the worth of dollars - making them fall, so as to have moar, suddenly.
In currency debasement, the recipient of newly-created units, the FIRST recipient, enjoys the greatest benefit - prices in the economy have not yet adjusted to the new reality. Later recipients (through commerce) don't benefit, as inflation price-increases reflect the money-supply growth.
Today, the Banksters who are Fed members enjoy the benefits of CTRL+P. Back then, it was the New Dealers in the new Alphabet Agencies that got the most benefit.
They always need MOAR, correct. And they did it for that reason back then just as they are now. They need to sell more bonds.
That's literally the definition of price fixing. They set the price of the dollar to $25 dollars worth one ounce of gold. And then proceeded to change the set price to $35. It is Still on their books at like $41.31 / oz. Which is why its soooooo tempting to revalue that now. They went to more of a floating rate / rigged Comex paper game that was more sophisticated.
That's literally the definition of price fixing. They set the price of the dollar to $25 dollars worth one ounce of gold. And then proceeded to change the set price to $35. It is Still on their books at like $41.31 / oz. Which is why its soooooo tempting to revalue that now. They went to more of a floating rate / rigged Comex paper game that was more sophisticated.
Maybe I can simplify. If they can change/set the price of something, its by definition price fixing.
And maybe it's the opposite.
That the DOLLAR's value was being manipulated. Downward. That was what the revaluations I listed were about.
Gold was, in the end, constant. What shifted, arbitrarily, was the value of the dollar - which is a concept, not a real thing - the value of this concept-dollar to a tangible unit of an elemental precious-metal.
I don't have the record, but I'm sure that gold's price in Zurich or London was unaffected by the Reconstruction devaluation or the New Raw Deal arbitrary declaration. In those years there was relatively little international finance, so value of American instruments may or may not have had immediate repercussions. Surely the bank's exchange rate on dollars was quickly changed.
What got "manipulated" was the value of the dollar. Back then, though, it was pegged. Now it's a floating fiat.
Price is not Value... Just keep that in mind. It's Very common in Real estate, no one gets the difference between Cost and Value.
In fact, that is why Price Fixing always fails. Whether its setting a Currency to Gold Price, or Currency to Currency Peg, or even a Commie trying to say that a Loaf of Bread should always be $3. The underlying values are always changing and eventually those fixes will fail.
In fact, that is why Price Fixing always fails. Whether its setting a Currency to Gold Price, or Currency to Currency Peg, or even a Commie trying to say that a Loaf of Bread should always be $3. The underlying values are always changing and eventually those fixes will fail.
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They didn't need to sell bonds. In fact, in peacetime, I don't think there was a bond-selling program prior to the Raw Deal.
Bonds are the detergent in the money-laundry that is the Fed. But without deficit spending, there is no need for bonds. Prior to the Fed, there was no laundry. Prior to Roosevelt, we did not wallow in deficit spending.
Back then, gold - not "Full Faith-Credit-Yada Yada" - gold, was the backing of the dollar. There could not be more dollars in circulation than there was backing for.
Now, of course, the Fed can manage the money supply as it sees fit - CTRL+P. Nuffin to it. Just be sure to jigger the government stats so as to be able to pretend that inflation (which now is permanent) is not showing up in prices (which cannot help but be).
Since the whole Gimmedat and MIC pressure organizations depend on deficit spending, paid for by inflating away the dollar...do you see how hopeless it is to talk about a return to the gold standard?
Price is what a buyer will pay.
ASKING price is nothing. It's an aspiration of the seller.
PAID price is the buyer's PERCEPTION of value. Which may or may not be accurate - and that works both ways, as anyone who's tried to sell a good used car at home, can attest.
SilverStacker
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They had better do something....and soon.
Kamala and her cronies looted her re-election fund. Whats that tell you about the Democrats ?. My God, save us please.
Kamala and her cronies looted her re-election fund. Whats that tell you about the Democrats ?. My God, save us please.
Cigarlover
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Revaluing the US gold reserves to 3300 gets us to about 893 billion. 150,000 gold gets us to about 39 trillion.
That's value not price. The price is the number someone put something out for sale. So if a a store wants to ask $100 for a ASE they can but won't find many buyers because they overvalued it right now.
Another good example is between Cost and Value. I would ask you how much would it cost to "improve" your home and Gold Foil All of say your window trim...? Most sellers start with well I paid $100k dollars to gold plate my windows so it should be worth way more.
Whereas the market probably says that is ugly and hideous and may even hurt the actual value of the house. The cost is irrelevant to the market value.
Whereas the market probably says that is ugly and hideous and may even hurt the actual value of the house. The cost is irrelevant to the market value.
If they revalue gold to pay of the debt, would they not have to sell it? Cigar Lover states above that at $150k per once the U.S. stash would be worth $39 bil. But it would have to be converted to dollars to pay the debt. Who would buy @ $150k per ounce? The fed.
It's not about PAYING OFF the debt.
It's about CALCULATING it. Assets on one side of the ledger; liabilities on the other.
Wave a magic wand and increase, 10x, the value of your assets, and then, your debts don't look so bad.
If you do it, it's fraud. If you do it to borrow money from the bank, it's theft-by-deception.
If the Leftist Gimmedatz government does it, it's a good thing, I guess.
It's not about PAYING OFF the debt.
It's about CALCULATING it. Assets on one side of the ledger; liabilities on the other.
Wave a magic wand and increase, 10x, the value of your assets, and then, your debts don't look so bad.
If you do it, it's fraud. If you do it to borrow money from the bank, it's theft-by-deception.
If the Leftist Gimmedatz government does it, it's a good thing, I guess.
If they revalue x45 to get to $150k, would that not devalue the dollar x45?
Say on September 1st. Trump announces," Today I am revaluing our gold holdings to $150k per ounce, how would that effect the street price?
Say on September 1st. Trump announces," Today I am revaluing our gold holdings to $150k per ounce, how would that effect the street price?
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Essentially, yes.
Realignment will take time. Remember, the deliberate inflation of the currency - I mean the rapid inflation they called Quantitative Easing, coupled to Zero-Interest...started in 2009, with the GFC, but it took fifteen years to really start driving prices up. That, too, is historically in line with Wiemar's money-printing experiment.
So we would see imported goods start increasing in prices; and of course the Left will blame the (phantom tariffs (of COURSE tariffs cause price increases in cars made in Detroit); but it will happen.
There's no free lunch in this. The debt will be paid. If the US were to default (Constitution notwithstanding) then our debtors, China in the fore, would take their pound of flesh. Literally.