Loading ...Food for thought. When the stock market imploded with the dot com bust, in March 2000, everybody I knew lost $200-$500 thousand. Soon afterward, TPTB replaced the losses with a skyrocketing Home Depot real estate boom. One spouse said to the other…. “Look honey, we lost $400k in the stock market, but look we just made $400k on our house”
So, if the Stock market, real estate market, and bond market crashes all together, Its POSSIBLE the only thing left to make America whole AGAIN, would be a booming domestic economy or rather a booming entry level consumer/taxpayer which would lift all the wages and tax receipts.
As for a US Dollar currency crisis? That depends deflation or inflation (increase in money supply ie low rates did not help) If a deflation unfolds? (contraction in money supply, bad loans high rates) the Gold hard money people will be rewarded EITHER way.
They had REASONS for putting “$50” on a one ounce gold eagle, just in case the Fed Note dba illegally as US Dollar collapses in value. All old fed Notes would have to be turned in and exchanged for the new real restored US Dollar. The Fed would probably be abolished, or even they would be exchanging old notes for new Gold dollars.
Gold and honest money is the end game. The exchange ratio back to gold would have to be very high, in the thousands to encourage and promote and make happen the switch over to the $50/oz coins. Some people, the early birds, have ALREADY turning in $1,200 Fed Notes for the $50 Gold coins.