What’s Going To Happen To The Dollar?

I was not surprised when the Wall Street Journal reported, “Senate Moves to Confirm Trump Fed Nominee Waller, but Shelton’s Candidacy Hits Likely Dead End.” Waller is an insider, currently working for the St. Louis Fed, while Shelton is an advocate of returning to the gold standard. Ms. Shelton was described by some senators as “radical.”

The deep state does not want anything close to the gold standard which would help reign in their reckless deficit spending. Quite the contrary, they are pushing for a cashless society, digital currency, total control over what is money, and knowing how and where you spend every dime.

Subscriber Mike G. asks a great question:

“What happens when fiat currencies fail? Those of us who have precious metals will still need a value vehicle with which to buy and sell. Even digital currencies, backed by nothing, will fail. Digital debt is still debt. Do we go to a barter system in order to buy and sell? We need to think through our options.”

Mike’s concerns are genuine. How far away from digital currency are we? Some European countries are already there.

Inflation is the relationship of one currency paired against another. Globalists want a universal, digital currency to eliminate the competition. Governments could create fake money and citizens would have no alternative currency available to protect their wealth. Where does gold fit into the picture?

When it’s time to “think through our options”, friend and currency expert Chuck Butler is on top of the list. I asked him to weigh in on the situation.

DENNIS: Chuck, thanks again for your time and wisdom. Mike really asked several questions, and I’d like to deal with them individually.

While I was hoping Shelton would get nominated to the Fed, I felt it was a fantasy. God forbid an advocate of the gold standard and limiting government spending would get a voice.

I’ll start with a two-part question. What’s the probability of the government pushing through digital currency? If they pull it off, what does that do to gold?

 

CHUCK: Dennis, thank you, and first let me say Happy New Year, and hope that 2021 is better than 2020! I know it won’t take much for that to happen, but still…

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