'they' can de-bank crypto, and
'they' can de-bank coin dealers
standard.socratesplatform.com
Debanking Coin Dealers
TUESDAY, AUGUST 29, 2023 BY: MARTIN ARMSTRONG
QUESTION for the private blog:
If coin dealers get de-banked, does it make any sense for the general public to own any gold or silver coins or bullion? Will precious metals coins or bullion retain value without coin dealers, and if so, how? Where do physical precious metals fit in the overall scheme of things over the next ten or twenty years?
M
ANSWER: If gold dealers are debanked, which is highly probable, it will be mostly coins that will form an underground economy, so to speak. This is why I have suggested pre-1965 silver coins - not bars. Even during the Civil War, Abraham Lincoln shut down the gold exchanges. He felt they were making money off the dead, betting on every battle. He signed the Gold Act of 1864 (13 Stat. 132), which passed with little debate on June 17, 1864. This confirmed that the dollar was in trouble, and it tumbled against the British pound, driving its value to $9.97 per pound sterling. This was the first instance of Congress imposing Federal regulation of derivatives. The act prohibited the trading of gold futures and criminalized the sale of foreign exchange for more than ten days in the future. This act was intended to close down the trading of gold. However, to the surprise of senators and Treasury officials, the Gold Act by no means ended the speculation. The formal title of the act was "An Act to Prohibit Certain Sales of Gold and Foreign Exchange."
The establishment cheered the closure of gold trading in the New York Stock Exchange. However, the closing of gold trading only made matters worse. The measure then encouraged people to hoard gold, and international confidence in the dollar collapsed even further, fueling the panic. Congress was confronted by the fact that they could not outlaw the international flow of capital and were compelled on July 2, 1864, to repeal the act and admit defeat. The Gold Exchange reopened on July 2, 1864, hardly two weeks after the law was passed.
The few emails I got from the usual goldbugs that just hate the truth, they have previously criminalized trading in gold. When we get through this attempt of tyranny so they can retain power, the precious metals will afford that transition to a new currency. However, during this process, they may very well shut down even the futures markets on precious metals, as did Lincoln. Stop the propaganda and face the truth here. You are the enemy of the state, and you better NOT underestimate your opponent. There is no RULE OF LAW. Justice is always defined as the self-interest of those in power. That has been the way it always has been for thousands of years.
Closing down the coin dealers will NOT prevent the underground economy from functioning - it will most likely result in the exchange value rising further, as took place in 1864. That is why the dollar collapsed, and the entire problem backfired. You will not be able to sell or buy precious metals when they do the CBDCs. Like in 1864, they were desperate, and they failed. This will fail as well, so you should not convert 100% to precious metals in advance. You will not be able to find a market to sell. So you must accept the swap in your bank account to survive. But the precious metals will have a barter value for the period of CBDCs.
I am working diligently to prepare this report covering all the bases. |
