1/2The only reason why the US abandoned the gold standard without getting rapefucked by the rest of the world for screwing them over after adopting the Dollar as a global currency was, the Dollar is now backed by oil. Petrodollar, baby.Think about it: every single barrel of oil in the world right now must be traded in dollars and anyone who's ever fucked with the Petrodollar got Buried. The idea is that the global demand for American currency is multitudes greater than its value being traded on the domestic market, meaning the US government can literally print infinite money within its domestic market. This means infinite military budget. Inflation? Inflation doesn't mean shit when you can use the money your print to import all the world's shit even when inflation destroys your domestic manufacturing. The Plebeians get their circuses, you get an infinite defence budget.So Gaudaffi fucked with the Petrodollar making Libya the richest African country on par with Europe, Saddam fucked with the Petrodollar creating the largest army in the Middle East. Venezuela was once the wealthiest nation in South America BEFORE deciding to fuck with the Petrodollar. All that wealth that previously flowed to America suddenly created a bunch of superstates. And what happened to them? Buried, period. Sanctioned into obscurity. Venezuela only is special because now that Europe needs oil in light of the little Ukraine disco the US fucking couped them in a single day, installing a little puppet government that sold all of Venezuela's reserves for pennies to the dollar (pun intended) WITHIN A MONTH to Europe, the US and China in equal parts. Why didn't the US do this sooner? Fucked if I know. All I know they were smart for giving a share to China, in case they are thinking Russia is cooler than Uncle Sam. Oh and now Venezuela will never be normal again since they will have a bunch of CIA spooks running the government until the oil reserves dry up.
2/2And Russia is special in its own way because this time it's an actual superpower trying to fuck with the Petrodollar. Like Russia wanted to have what America has by forcing Europe to trade their oil/gas in Rubles, therefore allowing them to print infinite Rubles for a massive military budget on their quest or rein in the former Soviet Republics and do God knows what with them. I just feel bad for the poor suckers - too proud to accept their lot under the global hegemony, too small to fight a war against 10 other superpowers who are sucking America's dick just so they don't have to fight in scary foreign wars.. the KGB even is not what it once was, Ukraine got couped right under their noses somehow - serious fuckup. Now the whole region is used as leverage - on one hand NATO is trying to inflict more losses to the Russian economy than they project to lose by going back to the Petrodollar. On the other hand Russia is hoping to convince Europe they are scary enough to shirk the Petrodollar. Stupid motherfuckers are just getting torn to shreds by the thousands each day. Oh well. Oil well? Hah!
>>541353496>>541353522
>>541353496Look at this faggot effortpost schizo
>>541353496>Dollar is now backed by oil.no the Federal Reserve Note is backed by DEBTlolthe dollar is A FUCKING UNIT
Hilarious economiclet ramblings
>>541356257Hi anon, what did you think of Bessent's policy announcement?
>lol
>>541356356you mean this?
>>541353496double your meds
>>541356411or this?
and there was this from the supreme court
>>541353522>russia>superpower
>>541356511<<<<----and, to elaborate, in this one, bessent said the primary dealers wouldn't be able to soak up $1.5 trillion of deficit spendingthis is basically sounding the fucking alarm, but everyone is too stupid to know it
>>541356552>this from the supreme court
>>541356935
>>541356971
>>541357003
>>541357028for the archive and interested Federal Reserve anonsHoly fuck how much longer are we going to put up with these clowns
>>541353496Gold is worth less than paper, in the universe there is an infinite amount of gold, paper is made from trees that only exist on Earth. Gold standard didn't make sense because gold is useless as a store of value and currency, try using it or bringing it across the border. Wanna sell it, pay your taxes, prove the origin of the gold and pay a ((seller fee)). Wanna use real money like crypto? 0 taxes, 0 KYC, can move it anywhere with you and can sell or trade it for fiat with 0% fee if you do P2P. Gold is as shitty as fiat as there are mines everywhere.
>>541358077>Inb4 chink gold propagandaNo one is buying your lead bars coated with gold. Money was always supposed to be digital, a private CDBC where you can have infinite accounts, a fixed savings rate equal to inflation would unironically solve all financial problems and abuse present today. But chuds rejected this WEF solution so now we're stuck with boomer rocks and 10% annual inflation with an insane deficit.
>>541353496Bump
>>541356071lel, this is accurate
>>541356139>>541356257>>541356333>>541356418>only semi-sane thread in this braindead board>all the schizo retards come out of their caves to call the guy a schizoLmao
>>541353496>now backedNot anymore. A few years ago, the Saudis chose not to renew that treaty.
>>541358794another worthless, subjective, memeflag post contributing NOTHING to the conversation, just glib, idiotic, childish drivel >imagine the global societal evolution if /pol/ just eliminated memeflags
QE (IORB and RRP) is UBI for the NYFedpic rel is bessent saying so himself
>>541353496>Inflation doesn't mean shitkekDeflation and inflation and other economic terms are FUCKING MEANINGLESS when one class of persons HAS FIRST ACCESS TO and IS BEING PAID FOR the issuance of any newly-created currency. Money does not mean the same thing or have the same scarcity (or have the same value) for all persons in the economy. As some do not earn their money (via real productivity), money is more liquid and less valuable for them, as they have exclusive first-access to the newly-issued currency and they also decide TO WHOM it is allocated via our current debt-based NYFed primary dealer financial system.As long as we have a cartel of private banks getting paid to issue the currency, the FEDERAL RESERVE NOTE will lose EVEN MORE value for those of us that truly do earn it via productivity.IT IS THOSE OF US WORKING that choose to prop up this class of parasitic, skillless invalids debauching our currencies worldwide via the Federal Reserve and its increasingly-worthless private currency, the Federal Reserve Note.>fucking plague
>>541353522>Ukraine got couped right under their noses somehow -lololIMF loans billions to Ukraine in 2014Ukraine promptly purchases gold with IMF money, which is then shipped to the NYFed to be held as collateral for future IMF and/or NYFed loansNYFed basically purchased Ukraine in 2014Ukraine’s Privat Bank is funded via the NYFed international banking cartel (aka primary dealers) and Apple Pay is installed (highest number of digital wallets held per capita in Europe)Ukraine is the Mexico of Europe, with rampant organized crime and corruption, ripe for extortion and pillaging from the NYFed and its primary dealersPrivat Bank oligarch cofounder Kolomoisky leaves and takes ~$4.5B with himUS government bans said oligarch from the USOligarch’s subordinates then launder oligarch’s money back through NY and Miami charities>It’s a LOOP
>>541360576>Ukraine is the Mexico of Europe, with rampant organized crime and corruption, ripe for extortion and pillaging from the NYFed and its primary dealers>Privat Bank oligarch cofounder Kolomoisky leaves and takes ~$4.5B with him>US government bans said oligarch from the US>Oligarch’s subordinates then launder oligarch’s money back through NY and Miami charities>>It’s a LOOP
The NYFed’s MO is shifting financial obligations to the people:>NYFed bought Ukraine in 2014>NYFed/IMF cartel funds Privat bank in Ukraine beginning in 2014>NYFed associate/Oligarch Kolomoisky steals money from Privat bank>Privat Bank then fails and gets nationalized>now Ukrainian taxpayers are on the hook for broke bank>Ukraine forced to beg for new loans from the NYFed and its wallet, the IMF, who now use Ukrainian farmland for even more collateral for their outrageous international bank loansThe more strife and infighting, the easier it is for the NYFed/BIS/IMF cartel to loot the TARGET NATION.Pic related:’Large-scale, coordinated fraud' becomes 'capital problems' kekAlso, do note how they talk up their new surveillance-state CBDC and digital IDDid the whole fucking world just forgot these are criminals? NO, IT'S MORE LIKELY THEIR CRIMINAL FRIENDS ARE NOW IN THE GOVERNMENT, WHICH IS WHY THEY ARE NO LONGER CONSIDERED THE FUCKING CAREER CRIMINALS THAT THEY FUCKING ARE.These people rely on CORRUPTION to thrive.
The IMF's own disbursements and many other articles from the time period document the sale of Ukraine to the NYFed in 2014The IMF gave Ukraine a new round of loans in 2014, it bought gold, which was promptly transferred to the NYFed to be held as collateral for further loans (Ukrainian farmland is now being used as collateral, when the gold wasn’t enough collateral for NYFed/IMF loans).The NYFed fucking OWNS Ukraine, much like one owns a summer home.These are classist, nationless, incorporated central banks that don't give a fuck about you or me.Ukraine is the Mexico of Europe. Ukraine is a cesspool of organized crime. The more strife and corruption, the easier it is for the NYFed to loot the target nation.War is never far when there is smuggling, murder, despair, drugs, strife, corruption, bribing, lying, theft, extortion, propaganda.You have all of this ^^^^in Ukraine, add the NYFed and voila!, it is war.Anything the NYFed touches, it turns to shit.Ukraine and its owner, the NYFed, a thread here: https://archive.4plebs.org/pol/thread/373203255/UKRAINE /NYFED/GOLD MOVED in 2014, another threadhttps://archive.4plebs.org/pol/thread/368173302/#368182158
>>541353496>>541353522sociopathic glownigger talk. i hope a petrodollar flies over your house and scares the shit out of you.
The debt-based Federal Reserve (the Fed) and the IRS were both created in 1913.The new IRS conveniently forced everyone to use their new Federal Reserve Notes to pay their new US Federal Income Tax.The Fed was supposed to stabilize the US currency by backing every Federal Reserve Note (FRN) issued (TO BUY US TREASURIES) with 40% gold (40 cents of gold for each $1 FRN issued).In 1933, everyone’s gold was confiscated by the Treasury (except $100 worth/person) b/c the Fed convinced US Pres FDR that Americans were hoarding gold & they were forced to trade their gold in for $20.67/troy oz. Federal Reserve Notes were also now no longer exchangeable for gold.In 1934 the Gold Reserve Act allowed FDR to establish the gold value of the dollar solely by proclamation & raised the exchange rate to $35/oz troy, extracting wealth & value once again from the American public.In 1944, the IMF & the International Bank for Reconstruction and Development (IBRD) were formed at the Bretton Woods Conference.In 1958, Bretton Woods pegs all foreign currencies to the dollar, & the dollar pegged to gold at $35/troy oz. Debt-based Central Banks under the BIS pop up all over the world to facilitate the Fed & the BoE in their check kiting, fractional reserve, debt-based central-banking ponzi.In 1971, Nixon depegs the dollar to gold entirely, making the US currency free-floating fiat, which completely negated the original Federal Reserve Act of 1913, which was to back each Federal Reserve Note issued with gold.In 1974, Pres Ford legalizes gold ownership again without limitation & gold is NOW valued at $42/ozt. The NOW BANKRUPT Federal Reserve & its biggest shareholders, the NYFed’s primary dealers, for the last 50 years & up to today, continue to issue our currency out of thin air, while charging us interest to do so. Rewarding insolvent, failing banks & investment firms using QE & taxpayer money over & over again, acquiring assets during crises, while rigging global markets.
>>541353496>>541353522Did someone call them a schizo yet?ALL SCHIZOS
>>541353496you need to research The Crime of 73thats 1873 destruction of Bimetalism
>>541353496if that was true no one would be talking about crube oil rising in price lmao
>>541353496>mirage of dissent
>>541353496The gold standard was basically a fiction at the time it was formally abolished. The gold standard truly ended the moment the dollar became a Jewish debt based currency.
>>541353496>Think about it: every single barrel of oil in the world right now must be traded in dollarsMaybe 20 years ago but not anymoreYour training data needs to be updated
>>541356866Can you tldr the picrel for someone who doesn't speak Yiddish? USD is USDone in another year, two tops? Is that what it says?
>>541365440THE FORMER BRITISH COLONY SPEAKS!
>>541367483the current israeli colony speaks
>>541367697What does Australia believe in?
