Join this channel to get access to perks: https://www.youtube.com/channel/UCFjOi1ZpZVErr8EYxg8t1dQ/join #breaking #news - International Man: At $1.1 trillion, annualized interest on the US federal debt is now the second-largest budget item—and is on track to become the largest. Meanwhile, long-term interest rates are climbing, even as the Fed lowers short-term rates. Can the US government keep kicking the can down the road? Or will Trump have to reset the system? Along with massive deregulation, I expect he’ll do something with the monetary system. The cuts that DOGE is making are spectacular and wonderful. If they can eliminate the deficit, then the government won’t have to print money. But not printing increasing amounts of dollars could easily set off a credit collapse, the deflation alternative. On the other hand, Trump seems to have lots of spending schemes up his sleeve, which will need massive amounts of money. Like taking over Gaza, buying Greenland, and buying back the Panama Canal, among others. We’re talking many hundreds of billions. The unwinding of old distortions, only to replace them with new distortions and different government interventions. The big monetary question is, when the system resets, what will gold have to do with it? My guess is that gold is going to play a major role in the reset. International Man: What past monetary resets have occurred in US history, and how do they compare to today’s situation? What does it mean for the US dollar? Doug Casey: The biggest reset in history occurred in 1933 when Roosevelt confiscated gold from US citizens at $20.50 per ounce before revaluing it to $35. That was a massive criminal theft, and it was done by executive order, not even an act of Congress. The next reset was in 1964, when Johnson took all the silver out of US dimes, quarters, and half dollars, and fraudulently replacing it with pot metal that looked like silver to the casual observer. The next big reset was in 1971 when Nixon ceased redeeming gold to foreign governments, much as Roosevelt had denied redeemability to American citizens. Smaller monetary frauds were committed over the years, such as in 1982, when copper was taken out of the penny. It was replaced with zinc with a copper coating to make it look the same. But even using zinc, which trades for about $1.50 a pound, it costs about 3.7 cents to mint a penny. Copper trades for about $4.50, which means old copper pennies are now worth about 10 cents in metal. Since it costs about 13 cents to mint a nickel, we can expect that they’ll soon be made of steel, like the Canadian nickel, or eliminated, as pennies soon will be. Learn More: https://www.zerohedge.com/political/doug-casey-coming-monetary-reset-and-trumps-impact-gold-dollar Your Support of Independent Media Is Appreciated. https://www.buymeacoffee.com/DAHBOO7 https://www.paypal.com/paypalme/dahboo7 TRUMP Coin- 5p81G6jhNg8pvp5s2kFYuf6oZMc8c69emoPhoktGuzkR USDT(Tron Network)- TDJkAcbDDqyszzYHM2dS9bVcqmdfhUh8zq XRP- rKBRWUTreGNU9d3pL2gYUo23jn4UdKiAoS Tag- 11026445 Litecoin- LN61bzVBkgFkwnrSB7uapczyeZ9uSxra1N Socials- DLive- https://dlive.tv/DAHBOO7 Rumble- https://rumble.com/c/DAHBOO7 Instagram- https://www.instagram.com/dahboo7 Surviving End Times - https://www.youtube.com/Dahboo777 https://twitter.com/dahboo7 https://www.bitchute.com/profile/ZIGZbqlqH9wB/ UWN Facebook- https://www.facebook.com/DAHBOO7/
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