Anarchistbanjo's World

This post comes after I have thought over what I wrote in my first post. As I mentioned I am not an expert in these things and am only trying my best to make sense of things. Take my conclusions with a grain of salt. . .

In my last post I mentioned that Russia pegging the ruble to gold acts to anchor commodities to the ruble and any other gold backed or commodity backed currencies. This acts to destroy “paper” gold and “paper” commodities that are created out of nothing with the fractional reserve banking system.

So what we are heading toward is a world in which the US dollar and Euro, backed by nothing, compete with currencies like the ruble that are backed by gold and other physical resources. This acts to force the “paper” gold and “paper commodities” out of the system.

But my understanding of the fractional reserve banking system is that it always goes in cycles anyway. It will create “paper money” out of nothing until the entire system is stretched to the point it can no longer sustain itself. When that happens it no longer has any connection with the physical commodity market and no longer has any connection with physical reality and it becomes unworkable. Any Ponzi scheme can only work for so long until it collapses under the weight of physical reality. This point has obviously been reached by the US dollar and a global reserve currency. Then it needs to find a way to “reset” itself. That is what this “Great Reset” is all about!

What happens is that a correction needs to be made in the fractional reserve system and lots and lots of “paper money” and “paper commodities” need to somehow disappear! Traditionally this has been done through wars, depression, recession, famine and natural disasters. The globalist banking system uses these crises as ways to wipe their books so they can start fresh. All the surplus “paper money” and “paper commodities” disappear through bankruptcy, stock market crashes, or runaway inflation.

If I am correct in my understanding of things, Russia pegging the ruble to gold will greatly accelerate this process as it forces the monetary and commodity markets to realign in a realistic manner. That means it will continue to grow stronger over time as a true representation of physical reality.

Any financial systems and currencies based upon the fractional reserve model will be forced to make corrections through bankruptcy, stock market crashes and runaway inflation until a true balance is found. That means lots and lots of money in the United States and Europe needs to somehow disappear! It needs to disappear because it only exists as “paper” and is not real.

As Russia, China, and other nations around the world form currencies backed with gold and natural resources the dollar and Euro will be devalued to the point no one will want them and they will begin to inflate even more to become even more worthless.

In conclusion it seems to me that the best thing I can do is use my existing dollars to buy tangible goods that I can barter, trade or consume and do that as quickly as possible before the dollar becomes worthless. But I also need to keep cash on hand so that I can purchase other things that I might need over the next two years knowing that I will need to pay inflated prices! It is worth noting that any money in the bank is not secure because banks will cover their own shortages by law before they hand over your own money back to you! In other words they can go “bust” and you won’t get your money!

I’ve got my meager retirement income from Social Security and I’ve got a year food supply set aside for emergencies. I’m trying to put some money into tangible things that I will need or consume and trying to set aside some cash while leaving some money in the bank. I don’t know what else to do. I figure the next two years are going to be rough, but I’m hoping to get through . . .

If anyone has any other constructive ideas please share them . . .