Gold Triumphs As Fiat Dies

For citizens of the world, is the death of fiat currency becoming… the new normal?

(Click on image to enlarge)

the most important chart for currency investors… the long-term dollar versus gold chart

The relentless decline of US liberty correlates perfectly with America’s refusal to reverse the policy that replaced real gold money with unlimited supply government fiat.

Both US political parties embrace this vile fiat monetary system… a system that exists to empower the elite. 

For the elite, it comes with the “fringe benefit” of encouraging citizens to worship the government and central banks instead of working diligently to get more gold.

At “World Fiat Headquarters” (America), the democrats are currently in power, although the republicans could do well in the mid-term elections. The bottom line:

Ride, fiat cowboys, ride.

Several years ago, I began detailing the rough roadmap for a transition from deflation to inflation. I suggested that America’s refusal to abandon fiat money had brought it to a point in time somewhat like 1966.  

What lies ahead though is likely to be a hideous hybrid of 1966 and 1929.

While most mainstream analysts missed the transition, back in 2017 Deutsche Bank’s Jim Reid appeared to understand the magnitude of the coming horror. He also realizes that the end of fiat is a multi-decade process, not a short 1979-style firecracker event.  

 It is likely only a matter of time (and perhaps not much) before citizens of the world will be able to use gold tokens to purchase products from major retailers.  

The failure of fiat is obvious. Over the next decade, the failure is destined to become exponentially more obvious.

Gold, crypto, or both? Well, since the inception of bitcoin, my view has been that crypto is awesome, and gold… even more so. The big question is, can these two private monies function in harmony?  

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