Ep 2461a – Confirmed, The [CB] Wants Full Control Of The Currency, Countermeasures In Place
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Confirmed, the [CB] is pushing their agenda with CBDC to control the people, they will be able to turn it off and on for people, block people. This is part of their system, this is why they are trying to reverse the economic structure that Trump built. Countermeasures are in place.
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- ← David Garofalo – Fiat Day Of Reckoning Coming, New Currency System Built By The People, Watch Gold
- Ep 2461b – Light Will Destroy The Invisible Enemy, If One Falls They All Fall, Judgement Day →
A major obfuscation occurred in US currency when the word “A” was removed from Notes. Compare Series 1953 TWO DOLLAR NOTES with Series 1963 NOTES to observe the difference. The point being, if NOTES were “A” Legal Tender FOR 2 DOLLARS, i.e., WILL PAY TO THE BEARER ON DEMAND TWO DOLLARS, then this NOTE represented a claim for TWO DOLLARS in MINTED MONEY (Coinage). On the other hand, the 1963 TWO DOLLAR NOTE itself reads “THIS NOTE (Piece of fiat currency) IS LEGAL TENDER FOR ALL DEBTS PUBLIC AND PRIVATE.” Herein lies the switch from a LEGAL DEMAND NOTE, FOR real MONEY, and a currency substitute absent a claim upon MONEY. Hence forth, NOTES themselves would be treated as MONEY, rather than as a demand FOR MONEY. Bankers noticed, most people would use their Receipts or NOTES instead of MONEY, rather than withdrawing their real MONEY – minted gold & silver coins – to make purchases, which they found more convenient. This practice gave rise to the often unfounded expression… “As Good As Gold,” meaning, a Banker’s NOTE or Receipt, was “As Good As Gold.” Thus today, and over time, we have arrived at a “tyranny of convenience,” which has become terribly inconvenient. Kind Regards, Kevin E. Abrams
Though an appreciating currency may help end the Fed, I don’t share your optimism concerning appreciating currencies over time.
When monetary inflation leads to price inflation. Wealth is being transferred from those who have cash to those who hold appreciating assets. When monetary deflation or a lack of justified monetary inflation leads to price deflation. Wealth is being transferred from those holding assets to those holding cash.
Ludwig Von Mises thought that inflation was worse than deflation because of misallocated capital. On the deflationary side, there would also be a lack of liquidity. So the question is, is misallocated capital a worse injustice than a lack of liquidity? We have to note that the misallocation of capital and lack of liquidity are problems that are in addition to the transfer of wealth already occurring. The transfer of wealth should be equal and congruent between inflation and deflation. Seems like with misallocation/liquidity, we either don’t have the money to operate a needed business or we are investing capital in businesses that are not needed at all. That too would seem to be equal and congruent. So it’s in the fixing of misallocated capital, that mall investment has to be cleared from the market that it would seem worse. Yet if it is cleared from the market by price deflation, it’s possible it could give a needed business expansion a cost break to supply the demand, which boils down to an additional transfer of wealth.
Dave.
There has been a lot of talk on a new financal system, called the Quantum Finincial System.
I so far have not heard you mention it in any of your podcasts {b}. Your {a} podcasts even though
financial, the content have mostly to do with digital currencies and precious metals.
I really would like to hear your take on this subject.
Thank You, Charlie B
It’s just almost unbelievable how many taxes have hit in such a short 100 days! (And this is my personal choice) I’m putting my retirement savings into bitcoin! I am taking that leap of faith and want to be We The People and the example for my friends and family!
Dave! You are truly brilliant! Thank you so much, from the bottom of my heart, for what you do!
I have been listening to you for the past 5 months or so…..you have accelerated my already enlightened soul so very much. Peace to you my my friend. WWG1WGA