#280 - The Death Of The US Dollar As World Reserve - Hidden Secrets, Episode 3 - Mike Maloney
Updated: Apr 14, 2020
Referral Link https://www.karatbars.com/?s=dsmlegacy
Mike Maloney - Hidden Secrets of Money
Part 3 – From Dollar Crisis to Golden Opportunity
· The US Dollar is about 60% of the value of ALL the currency on the planet.
· More than half of those Dollars reside outside the United States. Why?...
· 1st - Central Banks use Dollars as the Reserve Currency, 2nd – Oil is priced in Dollars.
TIMELINE: GOLDEN NAILS (Evidence) IN THE COFFIN FOR THE DOLLAR STANDARD
1971 – Nixon Removes Gold Backing – Bretton Woods
2002 - Iraq Sells Oil in Euros
2008 – Crisis = QE1 = FED Holds $1.25 Trillion of Bank Debt, Mortgage Backed Securities, and Treasury Notes (Printing More Base Currency = Inflation Concern = Rush to Gold & Silver)
Iran Ends Oil Sales in Dollars, taking commodities in trade and then basically selling Oil for Gold
2010 – QE 2 = FED buys $600 Billion of Treasury Securities
Libya to Sell Oil in Gold Dinar, China and Russia Bypass Dollar with a Bilateral Trade Agreement, Chinese President says Dollar Reserve “Product of the Past”, Utah Recognizes Silver and Gold as Money, China and Iran Bypass the Dollar, Venezuela Repatriates its Gold, China and Japan Trade Directly, India & Japan Bypass Dollar, Russia & Iran Trade Directly, Iran Sells India Oil for Rupees & Commodities, China & Brazil Trade Directly, Swiss Citizens Demand Gold Repatriation, African Countries Ban Dollar
2012 - QE 3 = FED announces $40 Billion currency creation per month, then $85 Billion, (more than $1 Trillion per year) – earning the popular nickname = “Print to Infinity”
Remember: It took 200 years to go from No Dollars to $825 Billion and now they’re going to create $1 Trillion every year!
Iran Trades Energy for Gold, Singapore Removes tax on MONEY, Germany Repatriates its gold from NY FED, Citizens of Netherlands Demand Gold Repatriation, Ecuador and Austria Repatriate Gold, China acknowledges “Fundamental Market Shortage of Gold”, as FED is Increasing the Rate of Printing US Dollars!
WHETHER YOU REALIZE IT OR NOT, YOU ARE MAKING A BET… YOU ARE INVOLVED IN A WEALTH TRANSFER.
If you’re holding paper assets and currencies you’ve bet one direction, If you bet Gold and other Physical Assets, you’ve bet the opposite direction.
?? WHAT WILL HAPPEN GLOBALLY WHEN THE DOLLAR STANDARD FAILS ??
I. Multiple Reserve Currencies (like we had during the 1920’s) – Problem: No Anchor
II. Special Drawing Rights – printed by IMF (just like FED) – Problem: Backed by Nothing
III. Gold – Stable Money - Problem: Gold Standard Variations lead to Government Scams
IV. Chaos - Denial, Delay, Loss of Faith in fiat currencies – Problem: Emergency Measures
EVERY 30-40 YEARS THE WORLD HAS A NEW MOMETARY SYSTEM
New Currency Systems are created by the very same people who created those that fell apart – Central Banks and Governments.
Each system cheats the population more and enriches the Big Banks and Governments more, transferring wealth at greater and greater speeds.
WHAT IF WE DO GO BACK TO SOME TYPE OF GOLD STANDARD?
Gold Always (2,700 year history) accounts for an Expanding Fiat Currency Supply. There will come a time when gold won’t be counted in dollars – it will be counted in its unit value.
Gold’s price will not increase because more gold just appears. Gold’s value will increase because the value of other inflated assets will go down.
In times of crisis huge fortunes are made as we create new technologies, science and medicines.
Times of crisis offer tremendous opportunity as long as you can remain calm, get educated, and become resourceful. In a crisis, don’t go into crisis mode. Instead, meet the challenges.
THERE WERE MORE MILLIONAIRES CREATED DUIRNG THE GREAT DEPRESSEION THAN ANY OTHER PERIOD IN HISTORY!
There has never been a situation where everything has come together like this. It’s the first time in the world’s history that all currencies are fiat currencies backed by nothing. If what is predicted happens, this is going to be the greatest wealth transfer in history… and the biggest opportunity… and will never again happen in our lifetimes.
1. There is a global loss of confidence in the US dollar that is accelerating rapidly.
2. A change to a new monetary system is inevitable and will most likely be chaotic.
3. Gold Standards do not work over long periods of time, but gold itself does.
4. The public contributes to the massive amounts of currency creation by using credit cards and signing loans.
5. Gold has already accounted for the expansion of us dollars twice in the last century and will likely do so again.