Beware of a Cashless Society where all is digital — Electronic digits have no value and are extremely easy to change or remove!
Now silver is back up over $20 and some are predicting much higher prices on the horizon, just like they said over 10 years ago. Gold is also close to making ‘all-time highs,’ which is incorrect because inflation needs to be factored into such a high due to years of incessant dollar printing. Silver and gold have broken out higher due to a weaker dollar and some experts such as Peter Schiff claim ‘King Dollar’ will die due to over-printing. I have my doubts.
The dollar is still greatly desired by America’s poor and the middle classes, whose wages have not risen much in nearly 30 years. They are not getting more dollars like citizens did in Weimar Germany. You won’t see dollars in wheelbarrows any time soon. Most of the Federal Reserve’s dollar printing goes directly to a handful of fantastically wealthy people at the top of the pyramid. Many of them own the Federal Reserve. The Fed is propping up a market that is mostly owned by the top.
We The People are not receiving what the Fed is buying whether it be treasuries, corporate bonds, or ETFs, but we are forced to pay for it. Citizens must cough up more taxes to pay the interest on the absurdly high debt in order to make sure the fabulously rich get fabulously richer. Until those at the very top start giving their money away to the rest of the country, the dollar will be fine. No, I’m not advocating class warfare and it’s not socialism. What we’re seeing is not capitalism. The top 1 percent are getting their money by ill-gotten means. It’s fascism when their Fed gets to pick and choose which globalist company or sector to prop up.
I took some time off in Idaho last week and I visited one of my favorite places on Earth: Wallace. It’s a mining town in northern Idaho. It’s just off I-90 and has a long, storied history. It’s also known as the center of the universe and it is—at least when it comes to silver. There are many silver mines in the surrounding area, also known as ‘The Silver Valley.’ A total of 1.2 billion ounces of silver came out of those mines over the years and there’s still plenty of silver left to be mined.
It costs a lot of dollars to run a gold or silver mine. Sometimes it costs lives. 91 miners died of carbon monoxide exposure at the Sunshine MIne in 1972 after a ventilation system caught fire.
Precious metals are not easy to find. Gold is rare. It takes a lot of money to start a mine. Equipment, labor, environmental permits—all very expensive. Once the ore is removed it must be milled and smelted. Gold in particular is very hard to find. I know—I drove many miles to do some gold panning on a claim in eastern Idaho only to go away completely gold-less. I could not find gold with my metal detector, either. Compare this to how easy it is for the Federal Reserve to create debt dollars with a flip of a switch.
Gold and silver remain Constitutional money, but they are no longer in common circulation. Gold and silver (and copper, too) have been the best form of money throughout the ages, but no longer. They have become anachronisms and are incompatible with the digital age. There will be no revenge. Sure, the dollar can become gold backed once more, but that’s not likely. What’s likely is the Fed will convert us to a cashless society and adopt a social credit system. This will be the worst form of money because it will mean the total enslavement of humanity.