KTFA
BillA » September 23rd, 2020
Since we were told to do our own studying, there seems to be a lot of things IMO that have been left out of the conversations.
How will an asset backed currency work in a world that is using fiat currencies? You know "Apples & Oranges"
How do you figure an exchange rate for currencies in which one is asset backed and the others are debt backed?
If a logical exchange rate is developed based on question #2, would one really consider exchanging something that is asset backed for debt currency?
What will happen to the US Economy when the Fed has to print a lot more currency to cover all of the exchanges expected to take place?
Will this create inflation or Hyperinflation here in the US?
Does inflation give you more or less purchasing power?
Would this be counter intuitive to the direction President Trump and Secretary Minuchin have created?
Please keep in mind that in the fiat currency system you can print as much currency as you want however when too much currency is put into circulation inflation goes up and buying power goes down.
In an asset currency system a country can only print as much currency as they have assets to back it up so purchasing power is based on what ever asset backing that currency is worth.......No inflation unless the asset loses value.
Since we've been told that President Trump is in control then IMO, the Dinar value won't increase in until the US has an asset backed currency (USN) as well.
Retired2914 » September 23rd, 2020
How do we know that Trump doesn't already have asset backed currency? What about digital currency? Remember QSF?
Source: Dinar Recaps
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