China Will Launch A New Gold System (July 24th)
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So in a nutshell they're creating a gold backed system rather than fiat.
Should be a good thing to correct the global economies living off trust and a promise against a tangible asset, rather than the QE ponzi scheme we have currently.
Time to end the paper games — they’re wrecking the real economy. The wealthy keep inflating each other’s valuations on paper while the people doing the actual work get left behind. Real wealth comes from real work.
In 1933 gold was $20.65 an oz and now it’s about $4,000. Gold didn’t increase in value, the USD lost value. That’s a 99.5% devaluation in the USD in less than 100 years. And they’re printing more than ever…
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Should be a good thing to correct the global economies living off trust and a promise against a tangible asset, rather than the QE ponzi scheme we have currently.
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