Currencies All heading for Trouble

Its anyone’s opinion, but I am one who has been preparing for a precious metals run for several years. Depending on your view of this, you should consider having a percentage of your wealth in gold and silver. Prudent advice says 5% to 10% is the correct balance. I happen to be much more bullish than that and less trusting of fiat currencies.

For a recent lesson in currency devaluation look no further than Zimbabwe. In 1980, while still under White rule, a Zimbabwe $ was worth $1US. In 2009 $1 would buy you Z$2,621,984,228, 675,650,147,435,579,309,984,228.

Still underway is the devaluation of the Venezuelan currency, due to its communist rulers. The purchasing power of the Venezuelan currency in 1980 was 232 to the $US; it would require 12,515,733,113,673,804 units in 2020. Inflation was 54 million percent from 2016 to 2019. How do you get your head around those numbers?

You may assume that the mighty $US does not suffer from these third world deficiencies. However, in 1971 it took $35 to buy an ounce of gold, then Richard Nixon decoupled the $US from gold. An ounce of gold now will cost you $1,814 so the $US has lost 98% of its value.

When the $US crashes, it will take other currencies down with it, as they have to remain competitive. Meanwhile, gold should retain its purchasing power, as all fiat currencies decline.

Liberals amongst us will be complacent, but if the Democratic party gets into power, you are only a year or two from a communist government. The evidence that you are unable to comprehend now, will become a reality. Unfortunately, you will be too late, so welcome to the world of Stalin, and your subjugation as vassals of the state. You are fortunate in that the Gulag Archipelago is not likely to be your destiny.

Makes no difference in my life if you take action or not; this is just my tuppence worth of advice to you.

Here is one of many websites which will give you similar advice. https://www.bloomberg.com/news/articles/2020-07-20/record-gold-is-only-a-matter-of-time-as-bullish-factors-build?utm_medium=email&_hsmi=91651167&_hsenc=p2ANqtz–nVz1Sm75k1Hjwxt7c-L9H46Y5WyBHNz8P9_FV4qhGRJ8M5dnfpj5cPLQ1rRRKRD5wkECj_-9dD53PPoHL9N0lF4WJ_w&utm_content=91651167&utm_source=hs_email

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Other recent posts

Freedom Under Attack & Only We the People Can Save It

Freedom Under Attack & Only We the People Can Save It

Fight Them Until Hell Freezes Over And then Fight Them on the Ice JUSTUS R. HOPE JUN 16, 2024 RFK Jr. said this about the fight to preserve our Bill of Rights and Constitution while speaking at the Nixon Library. Our Founding Fathers knew that our God-given rights are...

read more
Communist Pope Thankfully Still Against Abortion

Communist Pope Thankfully Still Against Abortion

Pope Attended First G7 Meeting – Are AI Systems Sentient Beings? Posted Jun 17, 2024 By Martin Armstrong This week marked the first time in history that a Catholic pope attended a G7 summit. Italy’s Prime Minister Giorgia Meloni, host of the summit, first announced...

read more
Globalist Attack on Your Food Supply, RESIST Them

Globalist Attack on Your Food Supply, RESIST Them

Crisis Update - Dutch Farmers Need Us: If They Fall, We're Next The Hague is infiltrated; shadowy networks drive 'nitrogen' farago NOV 12, 2022 As supply chains fail, the EU is forcing the Netherlands to give up its self-sufficiency. Europe’s agricultural miracle, run...

read more
Climate Scam an Obvious Fraud But Check Movie

Climate Scam an Obvious Fraud But Check Movie

Producer of Climate: The Movie Tom Nelson: Climate Scare Will Crumble Sooner Than You Expect “There's not going to be a big revelation where people say we were wrong completely and sorry about that. They're just going to stop talking about it.” HANNES SARV JUN 07,...

read more
Putin Also Guilty of Joining Vax Depopulation Agenda

Putin Also Guilty of Joining Vax Depopulation Agenda

Covid Russia: It’s not the government that’s saving Russians, it is the people saving themselves BY RHODA WILSON ON JUNE 8, 2024 Many have claimed that Russia has fared better than most large countries during the covid era and the subsequent vaccine era.  After...

read more
Julianne Smith Replacing Nuland, Both Satanic Warmongers

Julianne Smith Replacing Nuland, Both Satanic Warmongers

NER: If you listen to this 5 minute video you will hear a constant stream of lies from the mouth of Julianne Smith. Russia did absolutely nothing in 2014. It was Victoria Nuland with the CIA who instituted the Maidan uprising to overthrow the duly elected President....

read more
Americas Wealth Destroying Military Industrial Complex

Americas Wealth Destroying Military Industrial Complex

The Military-Industrial Complex Is Killing Us All Freeing Ourselves from the Monster Destroying Our Planet and Our Futures By Theresa (Isa) Arriola and David Vine TomDispatch.com June 5, 2024 We need to talk about what bombs do in war. Bombs shred flesh. Bombs shatter...

read more
Jeffrey Sachs Exposing Deep State & Nuclear Threats

Jeffrey Sachs Exposing Deep State & Nuclear Threats

NER: This is an incredibly insightful talk from Jeffrey Sachs, a must watch. He's one of the most brilliant & experienced commentators around. Jeffrey Sachs with probably the smartest and most accurate assessment of the Ukraine war, and American foreign policy...

read more