Loading ...The only thing that bothers me, is my observation of so many things going into reverse, one by one over time after 9/11 and 2008. The 1913 US Dollar has already in a sense collapsed lost tons of value since 1913 when a person can support a family on $2.50 per day, $5/day you were very well off at one time.
So, a reversal or failure of the Federal Reserve system, and being the USA allegedly owns 8,133.5 tons of Gold, far more than any other country, the Fed could at the last minute before or during collapse, add Gold backing to the US Dollar.
In other words, restore its original value, make the Dollar very valuable and wanted “for investment or hoarding under the mattress” again. No interest return needed. Like when my grandfather had cash hidden all over the house, under carpets etc. It did not lose value.
One time my grandmother threw out a newspaper that he had cash hidden in it. He was pissed. LOL. Another time big family holiday weekend get together. Card playing all night, in the kitchen dining room and basement. My brother and I were snooping around. Chuck found a hand full of cash.
So he goes up to my mother while shes playing cards, and quietly tells her he found some money. She was not paying attention to him. But finally she did, and my grandfather heard it. Started fuming. Where’s the money? He said I’m not gunna tell ya. LOL. He did eventually give it up. Like a dog with a bone.
They all played with silver coinage and silver backed US Dollars. A new 1950 Chevy was $1000. That is what we may see again. With a restored US Dollar. Not a Chinese Yuan. They only have 1,054 tons compared to our $8,133.5 tons.
Mr.C
INFOGRAPHIC: Unearthing the world’s gold supply – MINING.COM