Global Feed Post Login
Replying to Avatar Micael

HISTORY IN THE MAKING

THE DEATH OF THE DOLLAR

This is a historical day. Gold surpassed $3,500 federal reserve notes (FRNs) per ounce.

FRNs accumulated 99% loss in it’s value since the United States abandoned the “redemption” of gold at $35 FRNs an ounce on August 15, 1971.

This is a sign that the end of the dollar is here. The death of the dollar has officially began.

We will see a $35,000 ounce of gold and even a $350,000 ounce one day during our lifetimes.

This is a chart of the price of gold in terms of FRNs inverted. Or what’s the same a chart of the gold value of the FRNs a.k.a “dollars”.

The “floor” is breaking… and there’s is not bottom.

AND WE ARE NOT EVEN TALKING ABOUT BITCOIN.

900 Satoshis per FRN????

BITCOIN IS SUPER CHEAP.

GET AS MUCH AS YOU CAN!

Avatar
Jon 4mo ago

1792 Coin act said one ounce of gold = $19.39. Even worse than 99%!

Reply to this note

Please Login to reply.

Discussion

Avatar
Micael 4mo ago

Absolutely. But the paper currency known as Federal Reserve note started in 1913. And it turned completely fiat at $35 an ounce. So I taking that as the start of life of the currency and 1971 as the end of the “convertibilit”. So 55 years to lose 99% against gold since it became just a worthless paper..

Avatar
Micael 4mo ago

That happened after the Great Depression in 1934

Thread collapsed
Thread collapsed