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Today's Currencies Are All Fiat
That is just a paper IOU, with no collateral.
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Status Of An IOU
It might be ok to lend Donald Trump $10,000, but your out of work
cousin is a mistake.
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Russian Ruble
A country can be worthless. When Russia collapsed the Ruble fell
100,000%. You went to bed with a million dollars in the bank and woke
up with ten dollars.
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Commodity Currency
That says you currency is backed by a hard commodity. That can be
lumber, oil, cattle, flour, or whatever.
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The Barter System Can't Work
It's just too complicated finding the source of two people having
the exact items each other wants.
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You Need A Commodity Based Currency
That means it government controlled, and stored in a vault. Picture
storing lumber, oil, chickens, cows, etc at Fort Knox, and you quickly
see why it has to be gold.
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How Do You Determine The Value
That's just all the currency and debt divided by the gold supply.
It roughly works out to $40,000 an ounce.
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When Does This Happen
Just like Russia, the US and the world, will have an economic
collapse.
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Who Owns The Gold?
The world's gold supply is supposedly 1/3 Central Banks, 1/3
individuals, and 1/3 dealers. In reality the Zionists have bought or
leased most of the central bank's gold, own 99% of the gold
mines, and have bought most of the other stocks.
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The Timing
After the Iran-Persian Gulf war. Israel false flags a nuke on a US
city, Bush nukes Iran, the Zionists gain control of the mideast's oil
supplies, and the international bankers tank the world's economies.
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