Are We Going To Be Smart Enough To Do As Russia Has Done, or Are Western Nations Going To Continue Down The Path of Destroying Our Currencies?
By Australian National Review
Interest rates are set to rise and then peak by the end of the year.
The big banks will all lift their interest rates, saying it is to try and avoid a catastrophic failure in the monetary system or a full collapse.
Is lifting the interest rates going to fix the problem, or is there a far, far better solution?
Inflation is a result of fake scarcities and shortages combined with mass printing of cash and devaluation of the currency,
So at this point any intervention is too late and the only way to have a real economy again is to do what Russia did and move back onto a gold standard.
If we follow Russia’s lead and do as they have done, then inflation will be a thing of the past and the economic strains that we currently face will lessen or cease to be a major issue.
How will this come about?
Well the dollar and anything backed by it will increase in value along with people’s holdings as the gold price soars the entire global market will feel some of its burdens lifting in return this will boost confidence and with said new confidence bigger and more frequent investment will take place strengthening the entire world’s buying and bargaining strengths in return the price of the asset that has created these new returns will increase in face value taking the dollar it backs along with it.
Why will it soar? Because as governments buy it up and our supply increases so as will the cash supply inline with the asset it is backed by.
The more gold each country has in its mint, the more they can either print without devaluation of their dollar or increasing the market hold will also increse the price of an individual countries’ dollar against the rest of the world.
Can we avoid digital currency and keep our cash?
And if we do, will we be smart enough to do as Russia’s Putin has done?
Time will tell, and by this time next year we will know.