Our Gold Guy
No Result
View All Result
Friday, February 3, 2023
  • Home
  • Finance
  • Business
  • Economy
  • Politics
  • Contact Us
Our Gold Guy
  • Home
  • Finance
  • Business
  • Economy
  • Politics
  • Contact Us
No Result
View All Result
Our Gold Guy
No Result
View All Result
Home Economy

Central to the Globalists’ Plan: Fiat Money Needed to Hide Great Reset Costs

The failure to put the financial system on a solid footing after the financial crisis in 2008, the pandemic and sanctions due to the Ukraine war, have ensured that the cards are finally being reshuffled.

by Our Gold Guy
June 26, 2022
in Economy
Fiat Currency

At a conference held this weekend in Vienna, which was attended by economic experts, the shortcomings of the Western monetary system and the Great Reset was discussed at length. This is a neo-Marxist ideology, as Thorsten Polleit made clear in his lecture. The first two speakers, Keith Weiner and Thorsten Polleit, dealt with the monetary system and the role of central banks, which Polleit describes as “an ingredient in the Marxist witch’s brew”. He sees a severe recession coming.

The first presentation was given by economist Keith Weiner, a leading authority on gold, money and credit and President of the Gold Standard Institute USA. He is a fervent advocate of rational monetary policy and addressed the ever-worsening inflation of energy and food. Central banks are under increasing pressure to take action, i.e. raise interest rates. The Fed has already started to do this, and the ECB has at least announced an initial rate hike. Because if interest rates are not raised, the political mood could soon change, according to Weiner.

Citizens are not happy about energy prices and when people can no longer put food on the table, the situation could finally escalate.

The second speaker, Thorsten Polleit, has been an honorary professor of economics at the University of Bayreuth since 2014 and has been chief economist at Degussa since April 2012. He focuses on money and capital market theory and the Austrian School of Economics and is the author of numerous articles and books.

IRA BERSHATSKY LOVES AMERICA – Most precious metals companies are run by wokesters. Ira’s is not. He is unabashedly AMERICA FIRST and can help you move wealth or retirement to physical precious metals with a gold or silver IRA, or just get metals discreetly shipped to your door. Contact him now.

Central banks: An ingredient from the Marxist witches’ brew

According to Polleit, behind climate change and the lockdowns during the Corona crisis was an attempt to finally smash capitalism or what is left of it. The central banks have become more and more powerful almost unnoticed in recent years and determine which government is to be removed or not. The central banks are also able to control whether and which companies receive loans. This corresponds directly to the centralization of credit according to Karl Marx. Therefore, for the economist Polleit, central banks are the main driver of the current economic mess.

He emphasized that the representatives of the Viennese school, such as Ludwig von Mises or Friedrich von Hayek, already foresaw this. For example, Hayek wrote of the central bank monopoly on money: “There is less reason than ever to hope that states will become more trustworthy as long as the people have no choice but to use the money that the state makes available to them.”

Fiat money [money printing, ed.] is inflationary, Polleit maintained. So it loses its purchasing power because it can be increased simply by printing money. It favors the few at the expense of the many. This unequal distribution is called the Cantillon effect.

The redistribution is particularly nefarious, because the state benefits from inflationary money as it is able to pay its debts more easily. On the other hand, fiat money causes the market interest rate to fall artificially. This in turn leads to society living beyond its means and becoming over-indebted.

Fiat money thus inevitably leads to a debt economy in which debt increases faster than income. The result: global debt has grown to a total of $350 trillion by 2021, according to Polleit. The money supply has been increased by 43 percent in recent years by the US central bank, the Fed, and by 20 percent by the European Central Bank, the ECB. The euro has therefore lost around 40 percent of its purchasing power over the past five years.

A system of economic dependence: Fiat Money

Supply bottlenecks, lockdowns and the war in Ukraine have caused a shortage . The “negative price shock” now meets a money supply hangover. Because this expansion of the money supply by the central banks has been leading to extreme inflation. According to the economist Polleit, the fiat money system is a unit made up of different actors. And these actors have an interest in the economic dependence of companies and the population. The majority is made dependent on what Polleit calls “collective corruption”. This is an existential interest for banks and the financial sector. Because they are known to print new money out of thin air.

In order to prevent the system from collapsing, trade bans are imposed or interest rates are manipulated. People are now noticing the rising prices of consumer goods. Terms such as “green inflation” are intended to hide who the actual scapegoats are. Because supply chain problems, greedy entrepreneurs or “Putin’s war” are not responsible for this, but solely the central banks.

When inflation rises, confidence falls

High inflation lowers confidence, Polleit explained. Central banks are therefore raising interest rates to maintain confidence in hiding the swindle. When hyperinflation occurs, as happened in Argentina, Brazil and Ukraine, for example, fiat money is destroyed. High inflation, on the other hand, can be used for years (5-15 percent per year), which Polleit has shown using the example of Turkey since 2008. The higher money supply led to sharply increased prices for goods. Inflation has fluctuated between 10 and 24 percent over the years and is now over 70 percent.

Our Gold Guy America First

We are facing a serious crisis

The world is currently on the way to a particularly serious crisis. The “Western redistribution democracies, as Polleit calls them, are particularly badly affected. He considers a future hyperinflation similar to that in Weimar in 1922 quite possible. As a result, the unemployment rate rose from 2,8 percent in just a few months to 19 percent and then to over 28 percent.

Today’s markets are not free due to regulations, laws and also the high taxes, according to Polleit. People are controlled centrally via central bank money. This is a kind of collectivism. That is exactly the Great Reset and the great transformation that Klaus Schwab has in mind. According to Polleit, these are neo-Marxist ideologies and the fiat money is necessary for this agenda to hide the costs of this total social restructuring. To do this, the free market must be restricted more and more, ultimately ending in a command economy. A “Chinafication” is taking place, he said.

The worst recession of the post-war period is imminent

For the time being, Polleit fears that the situation will deteriorate and, due to the anti-capitalist mood in politics, anticipates the worst recession of the post-war period. Because interest rates will not be increased massively, purchasing power has nevertheless fallen by 40 percent, which means that savings are also shrinking. For Polleit, therefore, the end of the Fiat system has begun and the euro zone will be the big loser.

State money monopoly must be overcome

Politics will not be able to solve the problem, but only a free market for money. Inflation is the result of misguided policies. A change of mindset is needed, said Polleit. The “collective corruption” must be overcome because fiat money is a “horror without end” and will not abolish itself. The state money monopoly must be actively stopped.

Reflecting on ideas that have been neglected so far could help find a solution in the future, Polleit said. Thankfully, the term “fiat money” has now become a mainstream notion, and such a positive development can no longer be stopped. If a new and well-functioning system were to be established in a country, this could lead to a chain reaction, he opined.

Image by 2211438 from Pixabay. Article cross-posted from Free West Media.

The Personal Solution

With all the economic uncertainty already in place combined with machinations of the globalist elites who want everyone beholden to them, we have chosen to take on two separate precious metals sponsors. We recommend Our Gold Guy as a family-owned small business that specializes in physical bullion. For those seeking a bigger company with more options, we recommend JD GoldCo. Both are America First companies. Unlike many precious metals companies out there, our sponsors do not work with affiliates of the Chinese Communist Party, nor do they donate portions of their profits to the Democrats.

It’s been a long time since protecting wealth and retirement funds have been as challenging as it is today. Precious metals is a popular way to do so, especially when the economy is in a precarious state. If you are concerned about the future, contact either or both of our precious metals recommendations today.

The Biden Regime and Globalists Don’t Want You Owning Precious Metals

Look around. Things aren’t the way they should be. Between Pandemic Panic Theater, Ukraine, food shortages, and a push for Central Bank Digital Currencies, everything you’ve spent your life building and protecting is in jeopardy.

Precious metals are historically the most reliable and safest hedge against economic turmoil. With the Biden regime and globalists enhancing the chaos, it’s important for patriotic Americans to take control of their financial future.

Ira Bershatsky offers consultations to those who want to invest in precious metals. During these consultations, he will match your current financial situation with the best physical precious metal purchases whether you want to rollover your IRA or have coins discreetly shipped to your home. You will not talk to a telemarketer or sales rep. You will talk to a true expert in precious metals with decades of experience helping people protect and advance their wealth.

Fill out the form here and we will schedule a precious metals consultation with Our Gold Guy, Ira.

Schedule a Precious Metals Consultation Today:

Tags: Central BanksEconomyFiat CurrencyFree West MediaThe Great ResetTop Story


Learn more about RevenueStripe...

Bypass Big Tech Censors



Our Gold Guy



MyPatriotSupply


20 State AGs Issue Warning to Walgreens, CVS on Mailing Abortion Pills

20 State AGs Issue Warning to Walgreens, CVS on Mailing Abortion Pills

February 2, 2023
The Unacceptable Cost of Open-Border Mission Creep

The Unacceptable Cost of Open-Border Mission Creep

February 2, 2023
Woke PayPal Will Fire 2,000 Employees

Woke PayPal Will Fire 2,000 Employees

February 2, 2023

Recent News

20 State AGs Issue Warning to Walgreens, CVS on Mailing Abortion Pills

20 State AGs Issue Warning to Walgreens, CVS on Mailing Abortion Pills

February 2, 2023

Search

No Result
View All Result

Site Navigation

  • Home
  • Contact Us
  • Finance
  • Business
  • Economy
  • Politics

About Our Gold Guy

This site is dedicated to helping Americans learn more about the economy, business, and politics. Our nation is in turmoil on all three fronts. We want to make a difference.

© 2021 NOQ Report

No Result
View All Result
  • Contact Us
  • Finance
  • Business
  • Economy
  • Politics
  • Contact Us

© 2021 NOQ Report

Session expired

Please log in again. The login page will open in a new tab. After logging in you can close it and return to this page.

>