“In our time, the curse is financial literacy, simply as the shortcoming to learn plain print was the curse of earlier centuries.” – Ezra Pound.
A gold coin is split by the greenback and Chinese language yuan symbols.
BIFURCATION – [bīfərˈkāSHən] – noun
Def. – The division of one thing into two branches or components.
Within the subsequent 4 minutes, what you learn could enable you grasp an idea that might save your loved ones from monetary damage within the subsequent ten years.
Given a major occasion this week (Might 12-19, 2024), I’ll educate you the which means of financial bifurcation and why understanding it’s important for safeguarding your cash.
I’ll start by asking you a query.
The common American thinks cash is what you get for working (a wage), what you retain in your financial institution (a checking or financial savings account), or what you spend on the products and companies that you simply purchase (bills).
Nonetheless, this stuff assist illustrate what cash does, not what cash is.
By definition, “cash is a medium of trade.”
For instance, if I let you know that I’ll mow your yard in trade for you cleansing my home, acts of service are “exchanged” in our settlement.
If I don’t want to mow your yard however need you to “clear my home,” we should agree on “a medium of trade” equal to the price of me cleansing your own home.
That agreed-upon “medium of trade” is named “cash.”
All through historical past, gold and silver have been the world’s cash for causes which have led nations to name gold and silver “God’s cash.”
When our Founding Fathers wrote america Structure, solely gold and silver cash might be deemed authorized cash.
Watch this temporary video to see how the U.S. left gold and silver as cash, and turned to paper {dollars} backed by “the great religion and credit score of the U.S. authorities.”
Creator Dominic Frisby with Wade and Rachelle Burleson
“To the touch gold is to the touch eternity” – Dominic Frisby
Dominic Frisby has written an essay on gold that’s price your buying. The essay is .99 cents on Amazon and is free for Prime members. It would enable you perceive that gold, all through historical past, has been referred to as God’s cash.
Frisby makes the argument that gold alone is the forex of the free.
Frisby writes that each “reserve forex” all through historical past (just like the U.S. greenback right now) has all the time been backed by gold and silver, however each nation that debases its forex (turns to fiat cash) loses its standing as a world energy.
Over time, U.S. politicians and the Supreme Court docket altered the U.S. Structure, permitting the federal government to create “paper {dollars}” and cash made from base metals as a substitute of gold or silver.
In occasions previous, you would trade U.S. {dollars} for God’s cash (gold or silver).
Not anymore.
Fort Knox holds america authorities’s gold and has not been audited for the reason that Eisenhower administration within the Fifties.
Some individuals query whether or not the U.S. has any gold at Fort Knox.
America Treasury and Federal Reserve create “{dollars}” by fiat (decree), together with the terrible apply of “monetizing authorities debt, which is paying for U.S. authorities debt with newly created U.S. {dollars}.
The U.S. authorities acts like a drunk spender who buys items and companies on bank cards, then opens extra bank card accounts to repay earlier bank cards, and on and on and on.
Even worse, the Biden Administration has eliminated Russia from the SWIFT BANKING SYSTEM and has seized $300 BILLION U.S. {dollars} from Russia held in SWIFT BANKS and threatened to offer these {dollars} to Ukraine.
These U.S. actions in opposition to Russia are referred to as “the weaponization of the American greenback.”
Gold retains governments accountable for spending, stopping them from spending greater than what they hold in gold reserves, and creates confidence within the worth of the world’s reserve forex.
With out gold backing the reserve forex, the world enters hyperinflation.
The extra {dollars} there are in circulation worldwide, the extra {dollars} it takes to purchase items and companies.
China is now the nation with essentially the most important gold holdings on this planet. China’s motto is to secretly and quietly take over because the world’s superpower. Proper now, ‘we should not shine too brightly,” they are saying to their individuals, however the Chinese language authorities is rapidly accumulating gold at astonishing charges.
China is now the nation with essentially the most important gold holdings on this planet.
This Wednesday, Might 14, 2024, via subsequent Saturday, Might 18, 2024, Brazil, Russia, India, China, South Africa (BRICS), and different nations begging to affix BRICS will meet to debate and probably launch one other forex—backed by gold—that may permit BRICS NATIONS to commerce commodities (oil, grains, and many others.) with out utilizing the American greenback or the SWIFT Banking system.
China has been hoarding gold since 2007. China has inspired all its residents to acquire gold. China now produces 50% of the world’s gold. Exporting gold to a different nation is unlawful for any firm or citizen. China most likely has over ten occasions as a lot gold in reserves because it stories.
China’s final purpose is to turn into the world’s reserve forex. To this finish, China will start by difficult the U.S. greenback in world commerce in commodities, particularly oil.
That is the BIFURCATION of cash.
The East will start buying and selling with the brand new Chinese language forex backed by gold, and the West will proceed buying and selling with U.S. American {dollars} not backed by gold.
The brand new buying and selling forex of the EAST, backed by gold, might finally turn into the world’s reserve forex. Usually, there’s just one forex that holds that place.
Nice Britain’s Pound Sterling was the world’s reserve forex earlier than the American greenback, however the British Authorities tried to idiot the world into believing the Sterling Pound was nonetheless backed by treasured metals when, in actuality, it was solely backed by “empty guarantees of a bankrupt Nice Britain” due two World Wars.
To know what occurs in america when one other forex rises to take World Reserve Standing (like a brand new gold-backed forex from China), you need to examine the Nineteen Thirties and 40s and Nice Britain.
Right here’s what might occur in america:
- Hyperinflation explodes.
- Particular person bankruptcies skyrocket.
- The federal government shuts down social packages.
- Financial institution failures turn into rampant.
- Meals shortages (attributable to commerce deficits) explode.
- Civil unrest overtakes the nation.
- A nation turns into susceptible to navy assaults.
If the U.S. loses forex reserve standing, the U.S. will expertise financial and political hell.
If a nation’s forex holds world reserve standing, that nation’s authorities can borrow cheaply. If not, that nation will go bankrupt rapidly if it spends greater than it takes in.
America has considerably benefited from having the world’s reserve forex as its native forex, permitting the federal government to spend, on common, 22% greater than it takes in (debt).
Reserve currencies come and go. Because the days Christ walked this earth, over a dozen world reserve currencies now not exist right now.
The greenback will quickly lose its standing as a reserve forex. The one query is when. Take note of what occurs subsequent week, month, and 12 months among the many BRICS nations.
Understanding bifurcation will enable you acknowledge that corrupt governments continually select between telling lies and combating wars, with the consequence all the time being the identical. One will all the time result in the opposite.
