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3 sats \ 2 replies \ @justin_shocknet 7h \ parent \ on: Is gold becoming the reserve currency? econ
I wouldn't assume it needs to be "bought"
He's long beaten the drum of currency manipulation, had beef with the Vatican, is a avowed Jacksonian, constant kayfabe with the fed, "Gold ends the Fed" drops... I can't possibly enumerate every signal sent about the agenda to reset the global monetary order.
What were he and Elon hinting at regarding an audit of Fort Knox? Whatever psyop that's setting up hasn't even begun in earnest yet.
Popcorn ready.
"Experts" tracking all the movement of physical say its primarily going two places, the US and China.
China, allegedly, changed its gold ETF rules to facilitate more imports:
Bear in mind the intention is to DESTROY that system, not prop it up. SWIFT is a product of globalist bankers, not US sovereignty.
Closing Fed swap lines and forcing currencies to free float against things like Bitcoin and Gold is the best possible outcome long-term.
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Simply means supply and demand sets exchange rates, not central banks...
The fiat doesn't have to be "backed" necessarily, the fiat exchange rate can float be volatile against those things based on economic factors while they simply act as an independent measuring stick for value.
Say you have Euros and want Dollars to do a deal internationally, your exchange rate would ultimately be the same as the conversion from Euros to Bitcoin/Gold back to Dollars. That's how you soft fork the financial system we have today into the Bitcoin Standard of tomorrow.
A country having a trade deficit would need to sell gold/Bitcoin to buy foreign currency with which to buy stuff, so by hoarding gold or Bitcoin China and the US are building foreign currency reserves for a future where there are no globalist swap lines.
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