Understanding how this all works, is mind hypothesis at its best; just not making any logical financial sense. So why did President Nixon, back in 1971 destroyed the biggest asset that the American buck had? He understood the power of the fiat currency, how it could be manipulated, for the one's that control the shots.
How do you get out of any financial problem, you encounter daily, you pay the price, whether it is interest on loans, bills or any other obligation. You need to make the numbers jive, the simple process with the fiat currency. All you need is ink and paper. If you're calling the shots, why central banks need the fiat currency.
Hyperinflation is like carbon monoxide or some form of cancer, which destroys the system at an alarming rate. What it does and controls, is what you bought last month your going to pay more when you purchase that item again. Sadly it is only the beginning, take notice of what you buy and what you paid for that same item; not so long ago. Numbers never premeditate any fabrication.
The egotistic decision makers are not helping us, the governments who we elected. Let's go back to 2004, drastic changes on the value of the American dollar, it started dropping against many fiat currencies. Losing it's value and power along the way on how business use to be conducted with this fiat currency.
Some of the faults that have logic are the wars the Americans have fought in, yes providing security for the rest of the world. America was a targeted nation, but we all wanted to be part of America and enjoy the freedom it provides all of us.
The cost factor of supporting a war for perhaps merit reason's is a gamble and increases hyperinflation daily. What has been happening, jobs disappear, wages never budget for hyperinflation, are we being manipulated by a concept that stopped working a long time ago. What would happen if we looked after our people and nation, after all why we voted for him?
Could China be on the right track, with a standard that will support the value of their fiat currency and perhaps become the new denomination of world exchange with all international transactions? It will truly have a substance value according to the standards; back up by the asset of gold. Why do you think China is accumulating all of this gold? Who knows how many metric tons of gold China has as a standard since they have been importing Gold.
The question is how will the America Dollar compete with a gold standard backing up the Renminbi, China's currency? How will this affect Central Banks conducting their daily business? Has America have an ace in the hole, if they do, they are not showing too much. Could the US Buck finally come to and end, or has it already happened?
The solution is, exactly what China has a standard backing up their currency, the asset of gold! Can not be reproduced, manipulated, or recreated in any other form that exists. So what would you invest in, paper or the asset of gold, who would you trust? The solution will be defined when China declares its holdings with this asset, gold!
All the Best,
Joseph F. Botelho One Gram at a Time
Educating your mind financially is a life time sentence, here is a solution http://t.co/M2u3SfV1UC via @jfbmarketing #financial #education
— Joseph Botelho (@jfbmarketing) June 10, 2014