The Day I Realised Our Monetary System Is Broken.
In this report, I cover the early market action from London on Thursday, April 4th, 2019. I look briefly at the precious metals, the stock market, the dollar, the bond market and the price of WTI and Brent crude oil.
Today I reminisce about the day I realised that our monetary system was phony. It was my Eureka moment so to speak. It was from this day onward that I became convinced even more that having precious metals was the right thing to do in terms of insuring or protecting one's savings from fiat money inflation.
I also show the viewer how money used to be weighed or measured back in the old days when we had honest weights and measures in our monetary system.
My conclusion is that the system is still broken and that nothing has been done to fix it.
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There is no law to define what is money inJapan. Yen is just token as USD.
Yes, you are right. All fiat currencies are forked off the fiat dollar.
So a much speculated "reset" would be redefine each currency in gold and thus exchange rates will be fixed? Doing a huge devalue to inflate the debt away while at it?
I have some gold, but can never have enough when inflation starts moving. Going to get some more. Having some will help me get my 7 hrs of restful sleep each night.
There are people who are benefiting from current scenario and they make secret agreements to keep it alive