Gary D. Barnett Archive With 102 Posts
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Gold And Silver Archive With 78 Posts
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“Gold is the money of kings; silver is the money of gentlemen;
barter is the money of peasants; debt is the money of slaves.”
Norm Franz
I must do this, so here is my disclaimer: Nothing I say or reference is in any way meant to be investment or financial advice, and is to be used for informational purposes only. All statements should NOT be considered legal, tax, investment, or financial advice, as risk of loss is always possible.
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Is silver the forgotten money, or is this complicated market so corrupt and manipulated that most all have abandoned any connection, mentally and physically, to real money in favor of credit, debt, and fiat currency? It seems obvious that both of these statements are correct. This is not a good sign for the future of economic soundness, as without real money, gold and silver, what is left is only fake money, and fake money is a constant depreciating asset. This is easy enough to understand, when the currency of choice in this country is the ‘dollar,’ which in reality, has lost over 98% of its purchasing power since 1913, the time of the creation of the Federal Reserve.
There is much argument about this, but when one looks to the mainstream or so-called ‘fact-checkers’, it is obvious that they either live on another planet, are complete economic ignoramuses, or pathological liars. Considering just one idiotic argument, that being the use of the completely fraudulent government’s Consumer Price Index, (CPI) which attempts to claim that the price inflation rate is around 2% annually, one should be able to laugh out loud at such a preposterous claim. One trip to any grocery store or restaurant, any monitoring of real estate prices, or costs of any good, service, or utility use, is enough to blow such a ridiculous number right out of the water.
And now, there is a maniacal totalitarian tariff monster sitting in the White House, making sure, by tyrannical measures of course, that prices to all consumers will dramatically escalate on everything coming into this country, and everything produced in this country as well. In other words, prices never go down, and are now going up at incredible rates of increase due to the unlimited printing of fiat currency, real monetary inflation and debt creation, and arbitrary act-of-war tariffs, which cause runaway price inflation.
As far as I am concerned, the only real money is gold and silver, whether it is used directly, or used to back a money equivalent 100%, which would have to be fully redeemable on demand, and at face value either way at any time whatsoever. This can only work in a proper manner if that backing is one to one, and never fractional. Some of you will balk at these statements, and claim that crypto currencies, specifically bitcoin, is also real money, but that in my opinion is impossible. Bitcoin, first and foremost, is not private by any stretch of the imagination, and has not been for many years. It also is a digital currency, and yes, I know it is on blockchain, but it is digital, and it is not stable or secure. Also, no CBDC or government ‘stable’ coinage will ever be stable or legitimate. Shutting down the internet for example, would immediately eliminate all transactions. But today, I want to concentrate on silver.
“Fiat currency always returns to its intrinsic value … ZERO!”
Voltaire
Full Article: https://EarthNewspaper.com/Silver-The-Most-Abused-Money-And-Intentionally-Devalued-Commodity-by-Gary-D-Barnett
Gary D. Barnett
https://GaryDBarnett.com
https://GaryDBarnett.Substack.com
Gary D. Barnett Archive With 102 Posts
https://earthnewspaper.com/category/gary-d-barnett
Gold And Silver Archive With 78 Posts
https://earthnewspaper.com/category/gold-and-silver
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