WHAT HAPPENED TO HR 5404 – AND THE GOLD BACKING OF AMERICA’S NEW CURRENCY?

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It’s tough being a kid growing up in these times of civil war and deprivation where censorship runs rampant and the many layers of falsehood are often confused for truth. We’ve seen up close the horrors of pain and desperation etched onto the faces of hungry American children and frail elders alike. Our food and water is poisoned, geoengineering is making us ill and destroying the environment in which we live, and fires endlessly burn us out of our homes, jobs, and air. The economy has turned many of us into financial slaves and we can feel the devastation of loved ones falling apart right before our helpless eyes.

Our children are our futures yet they suffer from the darkness of a financial insecurity of which they are yet unaware. Many families don’t have enough money to make ends meet on a monthly basis which means they don’t have the financial wherewithal to keep their families together, to fill their children’s bellies with nutritionally balanced meals, or to clothe them properly from head to toe. Choices with profound implications have to be made under every roof every day. Irreversible sacrifices are being taken. Bills are not getting paid, medicines or food or both are not being bought, and almost all of this has to do with scarcity in the name of the American Dollar

WHAT HAPPENED TO HR 5404?

One of our biggest problems is that the U.S. dollar has basically become worthless, rendering our purchasing power of goods and services in the marketplace to near nothingness. We’ve been fleeced through the last hundred or so years by the United States Federal Reserve, fiat currencies, and the Western Central Banking System. They who run finances have scraped 97% of the wealth out of the U.S. dollar which has benefited their well beings while we the average American family are left with the last three cents on the dollar which is backed by nothing but growing U.S. debt. Which is now more than $21 trillion dollars and that’s not counting the $21 trillion that has been proven missing from the HUD and the DOD. That’s at least $42 trillion right there that our children and their children and their grandchildren will never be able to account for.

Which all the more proves why it is significant that a Congressman from West Virginia has proposed a bill called HR 5404 to gold back the U.S. dollar. According to thedailycoin.org Republican Congressman Alex Mooney has proposed a bill that will “define the dollar as a fixed weight of gold.” Mooney wrote an op ed about it in the “Wall Street Journal”.

That’s right. It has been introduced into congress that America should return to a gold standard. This idea is not new though. Even President Trump told us back in 2017 that he would like to see America return to a gold standard. In a Forbes.com article entitled, “President Trump: Replace The Dollar With Gold As The Global Currency To Make America Great Again”, Ralph Benko writes that bringing back the gold standard would not be very hard to do with a president like Trump.

“Donald Trump shows a strong affinity for gold,” Benko writes. “He has also shown a keen intuitive grasp of how the gold standard was crucial to having made America great.”

So what this means is that our government is soon going to gold back the U.S. currency, right? That’s how it was supposed to be in the very beginning, before the Federal Reserve took over our country’s finances in 1913, right?

In proposing H.R. 5404 the U.S. Congressman from West Virginia criticizes U.S. monetary policy, citing the fall in the dollar’s purchasing power after the gold standard was abolished.

“The United States dollar has lost 30 percent of its purchasing power since 2000, and 96 percent of its purchasing power since the end of the gold standard in 1913,” the bill says.

The congressman goes on to describe the advantages of having a gold-backed dollar.

“The gold standard puts control of the money supply with the market instead of the Federal Reserve. The gold standard means legal tender defined by and convertible into a certain quantity of gold. Under the gold standard through 1913, the United States economy grew at an annual average of four percent, one-third larger than the growth rate since then and twice the level since 2000,” Mooney says.

This would be good for us but nobody even knows about it. Did you? Nobody owns gold, instead everybody trading in dollars that are debt backed, which is what the U.S. dollar is and what America runs on. That’s all any of us own with our present financial system, which is being run into the ground.

Congressman Mooney says that under the Federal Reserve’s 2 percent inflation objective, “the dollar loses half of its purchasing power every generation, or 35 years.” Think about that for a long moment. We own debt that backs our assets and that’s what we bought our houses with. Our families’ homes and our cars were bought with U.S. dollars backed by debt that loses half it’s value every generation.

So what does that really say about everyone’s pensions or real estate that is tied into the U.S. dollar? Is that why we’re struggling so badly to keep our families living in some semblance of the lifestyle we have become accustomed to after we divorce? Is there any such thing as the “American Dream” anymore? If so, should we consider whether this new legislation, H.R. 5404, should become law? Because our old system of monetary value has lost its “value”?

Like Congressman Mooney says, “American families need long-term price stability to meet their household spending needs, save money, and plan for retirement.”   These are the types of important issues we advise clients about to help them and their families stay ahead of the financial game and move forward in their lives. Meet spending needs, save value, and invest for ultimate retirement.

HOW MUCH GOLD DO WE AMERICANS OWN?

In an interview with the World Gold Council’s Gold Investor former Chairman of the Federal Reserve Alan Greenspan stated, “I view gold as the primary global currency.”

President Trump agrees. It’s been 34 years since U.S. lawmakers even tried to change the way America’s currency is backed, when Congressman Jack Kemp introduced the Gold Standard Act of 1984, which was cosponsored by seven others including Newt Gingrich and Connie Mack. It didn’t pass. 34 years later we have HR 5404.

Will it succeed? It has to if we as a country are going to succeed. Some believe we’ve made positive strides toward making gold backing of our currency a reality. “I think we are building a foundation of expertise — expertise that we didn’t have in 1980,” writes Nathan Lewis in Forbes in an article called, After 34 Years, We Again Have A Bill To Relink The Dollar To Gold“. “That will allow us to restore the united long tradition of gold-based money, when the political time is right.”

The question remains: when will the political time be right? And when it is right, who will be there to tell us how much gold, if any, the U.S. really owns to back the dollar?

 

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VICTORY FOR THE RIGHTEOUS IS JUDGMENT FOR THE WICKED

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According to a prophet, author, and former fireman, we’ve got a great future ahead of us here in America, and we’ve got to recognize it and work hard to make it happen for everyone. For twenty years Mark Taylor was a first responder in Orlando, Florida, where he witnessed up close and personal all the horrors a fireman could ever imagine. Then his world took a giant leap into the unfathomable when he authored the popular book, “The Trump Prophecies”, where he told us Donald Trump would win the White House along with the first GOP primary. Trump became President and Mark Taylor instantly became part myth and a part of our modern historical narrative.

In an interview with Greg Hunter at USAwatchdog.com, the former firefighter said that he gets all his information and prophecies from God the Father. This allows Taylor to champion causes like for firefighters everywhere, of whom he says PTSD, anxiety, and depression run deep. He says their suicide rate rivals that of military and law enforcement personnel.

And if you’ve been reading the news lately, you know that many top Obama government officials were involved in framing Donald Trump in an effort to remove him from office, while exonerating Hillary Clinton of serious crimes. Taylor predicts Obama is going to end up in prison for treason as a result thereof. There are many in this country who might agree. Taylor also says Hillary Clinton, Eric Holder, and Loretta Lynch, among many others, are going to jail.

Taylor warns us that these people are not going to go quietly, however, and civil unrest is going to ensue. We’ve already seen examples of this taking place in one form or another practically everyday in our depressing mainstream media. We need to be praying against and prepare for the civil unrest, Mark Taylor says. We need to protect our loved ones and our communities.

TRUMP PROPHECIES TURNED INTO A MOVIE

The Trump Prophecies has been turned into a movie. It will be released for two dates only, October 2nd and 4th. The former firefighter turned author calls this a positive movie with a positive outcome. The positive outcome is Trump becoming president. When asked, Taylor says Brad Pitt will not be playing him in the movie.

The former first responder is humbled that God chose him to be the one to deliver awesome messages like these. He is just a “vessel” or a “tool” through which God speaks, he says, and he takes no credit for any of it.

Mark Taylor hopes the movie, the book, and their prophetic words will open up the eyes and ears of people. He wants to bring people hope. “We live in a society that robs people of hope” the prophetic Taylor says, “and when you rob people of hope you rob them of the will to fight. But if you have hope, there is something to fight for.” We definitely have plenty to fight for.

FEAR NOT

In the past Mark Taylor has also predicted that the U.S. dollar would get stronger and the economy would improve, and by all indications he appears to be correct on both accounts. There’s still much work ahead for us but America seemingly is once again on the right economic track. We’ve had major tax cuts, there are regulation cuts, and people are pouring money back into America. The U.S. dollar is being repatriated. Trump is battling the international trade deficits and unconscionable foreign tariffs that have plagued our economy for years.

“We are living in some of the most dynamic times in the history of mankind right now,” Taylor says. “The Luciferian Reign is coming to an end. All the corruption is being exposed.”

The modern day prophet believes America is about to have her harvest. America has never had her harvest.

“America is going to receive its harvest, now,” says Mark Taylor. “Because there’s sowing time, there’s reaping time … America has got to have her harvest because America is going to be the hub from which the End Time spiritual assault will be launched. Like England was the hub from which the D Day assault was launched, America will be the hub by which the spiritual assault will be launched.”

And things are only going to get better for all of us, in time. “We’re going to have money, we’re going to have manpower,” Taylor says. “We’re going to have clothing, food … it’s going to be a time of prosperity for America. We’re going to reap 7-fold what has been stolen from America for decades from all these other countries.”

We are going to get what’s coming to us? We are going to see very prosperous times? Here in America? Pinch me when this dream is over. Prosperity in America for all of us would be something I’ve never seen in my lifetime.

There’s no reason to feel guilty about any of it either. Taylor says we as Americans are not being judged, it’s the system we live in. “The wicked are under judgment,” the author says. “Victory for the righteous is judgment on the wicked.”

Happy 4th of July America!!!

WHO WILL HOLD YOUR ASSETS WHEN YOU DIE?

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Are the central banks of the world all failing at the same time? Will I live long enough to care? If I die before I care, who will hold my assets?

Today’s everything bubble is global in scale and affects every financial market and banking institution. On a global level, outstanding personal, business, and government debt has approached a whopping $240 trillion. That’s more than 300% of global GDP. That’s a bubble that central banks are going to be unable to borrow their way out of.

There are no knights in shining armor on the horizon who are coming to the rescue, and central banks are basically helpless to do anything about it. Everyone’s out for themselves. They don’t really have time to think about us. With interest rates near zero in real terms and loaded up balance sheets, central banks essentially have no ammunition to fight with.

There is little room on a fiscal front either. According to Peter Diekmeyer at sprottmoney.com, U.S. public sector spending already exceeds 60%. Any further spending increases would come from wealth extraction from the productive areas of the economy. This in turn would crimp productivity even further.

Diekmeyer writes that China, which bailed out the world by borrowing tens of trillions of dollars following the 2008 financial crisis to stimulate demand, is also tapped out. If you’re an American, and you love misery, move over, because there’s plenty of company. Japan and Europe appear to be even worse off than we are.

DO AMERICAN BANKS HAVE BLACK HOLES TO FILL?

One of my clients who works in financial services and is of European descent recently told me that most of the banks in Europe have gone insolvent. She said she was trying to help take care of a friend’s deceased mother’s estate when she learned that legally it appears European banks have the right to borrow a client’s funds for as long as they like for the purpose of filling “Black Holes” in the banks coffers. My first question was why would the European banks have “Black holes” that need to be filled? Isn’t that when it’s time for the institution to dissolve due to insolvency? Where’s the suspect government when we need them?

“Barclays has a 30-billion Sterling ‘Black Hole,'” my client said. RBS, the Royal Bank of Scotland, has a “4-billion ‘Black Hole'”. Deutsche Bank is “awash with over-valued derivatives,” I was told. And the list of failing interconnected European banks goes on and on, and it doesn’t end there.

Santander and BBVA are said to be disposing of their South American and Central American holdings, while National Westminster is now only interested in mortgages, car loans, student loans, and the like. Many of the banks are under the control of the European Central Banks (ECB), and they cannot do anything without ECB permission. I was told the European banking system is in a “bloody mess” and only getting worse. It’s like a “fever”, with the position of European banks being “terminal illness.” My client could have been talking about the American banking system as well.

Tyler Durden at ZeroHedge agrees with my client. Global banks are tumbling. Durden recently reported that the stock process of 16 of the most “Systemically Important Financial Institutions” (SIFIs) in the world are now in bear market territory (down by 20% or more from their recent highs in dollar terms).

The 16 SIFIs considered to be in “bear market territory” are listed as: Deutsche Bank, ICBC, Prudential Financial, Credit Suisse, Bank of China, Mitsubishi UFJ Financial Group, Nordea, UniCredit Agricole, ING, Santander, Societe Generale, BNP Paribas, UBS, Agricultural Bank of China, and AXA.

DO JAPANESE BANKS HAVE BLACK HOLES TO FILL?

The infection appears to be systemic in global banking. Maybe “Black holes” are contagious. The Japanese banking business model is experiencing changes that reflect the same financial issues facing their “Western” global financial brethren. In this instance we’ll be nice and say the problem with Japanese banks is that they’re having liquidity problems. That’s because the little liquidity they do have, outside of their debt, is flowing dither and yonder. That’s why they’re working hard to keep a hold of the more than $460 billion in wealth that is left by their customers each year when they die.

In an article entitled, Japan’s Banks Want to Keep Hold of Dead Customers’ Savings, authors Yuki Hagiwara, Gareth Allan, and Takako Taniguchi write that more people are dying annually in Japan which results in smaller banks struggling to keep their capital fluid. Not only are the banks losing their customers they are losing their customers’ savings – which hurts even more – as heirs migrate to larger cities where the biggest lenders hold banking interests.

It is estimated that regional banks lose 60% of the funds that are subject to inheritance. Coupled with the fact that one quarter of the Japanese population is over 65 years of age, local Japanese banks are turning to trusts to secure the next generation of clients and their deposits. The banks are selling what are called “testamentary substitute trusts”, an inheritance device that helps to quickly unlock funds when an estate holder dies. This business model also sets up the banks to develop relationships with the heirs of the trusts they create.

The problem with some of the bigger Japanese central banks is that many of the dying elderly live near or around bigger cities like Tokyo, and when the customers die, their children take their inheritances with them – away from the major financial centers. The Bloomberg article cites a Capgemini Financial Services Analysis from 2017 which says that the assets of wealthy Japanese have grown to $7 trillion. The Japanese central banks do not want to lose this money. There are “Black holes” to be filled, bank operations to be covered.

These testamentary trusts began about ten years ago and they have grown in popularity. The trusts are set up to offer heirs immediate expenses to cover funeral costs, and estate holders can choose to leave lump sums in the trust or have their funds distributed gradually over time. We decided to take ours all in one lump sum, right now, please, thank you.

IS HOLDING DEAD CUSTOMERS’ SAVINGS THE SOLUTION?

Retaining inheritance assets helps banks reduce their dependence on income that’s eroding as Japan’s rock-bottom interest rates squeeze margins, the Bloomberg article says. Banks have been urged to find other ways to build a sustainable business model, and holding on to dead customers’ savings appears to be a part of that new model.

Succession is good business for regional banks in Japan and elsewhere in a financially stagnant world. The Japanese financial industry says demand for testamentary trusts increases when a population ages, and banks can earn fees by selling them. This kind of financial pattern and worse acts as fate for much of our aging population. The big guys are squeezing what little margin the little guys have left. And the big guys are going after other big guys’ margins as well. There’s little margin left to be squeezed, it’s a dog-eat-dog world, and the aging population is caught in between.

The amount of financial assets passed on to successors is expected to grow because the number of citizens that are expected to die will increase over the next two decades. Many of those estates are large. Japan has many millionaires who are getting old. So does the United States. One can only wonder if banks in the U.S. have begun targeting the aging population to see who has what funds, and how best to retain them once their clients pass? And what happens if we as heirs to our aging parents do form a trust with a regional bank, and then the bank goes belly-up? Where we deposit our paychecks on Friday and no one at the bank shows up Monday for work, when we need some of our cash back? What happens to our testamentary trusts then? Who will be protecting my financial interests when I’m gone?

YOU MUST UNDERSTAND CRYPTOCURRENCY IF YOU DIVORCE

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Cryptocurrencies are here to stay so you might as well learn about them. If you’re married, it could be financially beneficial to understand any involvement your spouse, with or without you, might have with this new financial asset class.

WHY YOU SHOULD CARE ABOUT CRYPTOCURRENCY

Why should you care about cryptocurrency like Bitcoin? Because cryptocurrency can be very valuable community property and hidden from you when it’s time for you to divorce and divide your community assets.

What is cryptocurrency? Cryptocurrency is a digital cash system without a central authority. It is a decentralized system. Cryptocurrency is digital currency.

In 2018 this relatively new digital cash system known as the cryptocurrency market is expected to reach a total value of $1 trillion. According to data from businessinsider.com, the market cap of all cryptocurrencies stood at over $700 billion on January 3rd of this year.

Bitcoin is the leader of all cryptocurrencies. It is based on a blockchain. Blockchain is considered a technology that is changing the way people transact business. Blockchain technology allows us to make transactions without any central review body.

Bitcoin currently has the top cryptocurrency market cap at $140,905,000,000. That’s more than a hundred and forty billion dollars in Bitcoin alone. At the time of this writing, the price of one Bitcoin is $8,269.48.

Roger Ver, CEO at Bitcoin.com, calls Bitcoin technology one of the most important inventions in all of human history. “For the first time ever, anyone can send or receive any amount of money with anyone else, anywhere on the planet, conveniently and without restriction,” Ver says. “It’s the dawn of a better free world.”

It’s the dawn of a better free world if you know where all the community Bitcoin and other cryptocurrency your spouse bought are. But, you know, sometimes they get lost. Other times they get hidden out of plain view, which means you don’t know about them.

TRACING CRYPTOCURRENCY

There’s a lot of money out there in a lot of cryptos – at least $700 billion worth – and some of it might be yours. Cryptocurrency can be held in any number of ways. It can be held in virtual wallets and offline wallets. Your best friend can be holding the profits derived from his Lite Coin purchases in his girlfriend’s aunt’s maid’s name. Your spouse could be holding her Ethereum cryptocurrency stash overseas in a business partner’s name – a business partner you’ve never even heard of.

Bitcoin has been defined as, “A Peer-to-Peer Electronic Cash System.” It is considered a cryptocurrency because users can pseudnonymously transfer money directly to one another, peer to peer, without the use of a middleman like a bank, governmental authority, or Western Union. It’s called pseudononymously because users are assigned a string of numbers as their Bitcoin wallet address where they store their Bitcoins.

The problem in family law is that divorces become contentious and spouses sometimes don’t want to play by the rules — instead choosing to hide assets from their spouse that might otherwise be subject to equitable division in a marital settlement agreement.

Any specialist in family law you hire in divorce should routinely request discovery as to all cryptocurrencies that your spouse, and thus the community, might have an ownership interest in, whether you are aware of any being purchased during your marriage or not. If your spouse has suffered what he or she calls large gambling losses, or large amounts of money are found missing from community accounts, you’re going to want a forensic accounting to locate all suspected missing community assets.

Cryptocurrency can be traced back to a single spouse’s separate property just like any other tracing of a community property asset. It’s just that some assets are more difficult to trace than are others.

There are forensic analysts who specialize in tracking cryptocurrency and they can work to connect Bitcoin wallet addresses, for example, with the users’ actual identities. If large amounts of money are being transferred to a cryptocurrency exchange where cryptocurrencies are being purchased, this must be financially accounted for as well.

Same thing for the discovery of large cash withdrawals or transfers that were used to purchase cryptocurrency at peer-to-peer points of sale like localbitcoins.com. If it can’t be determined where that cash went, and your spouse doesn’t produce evidence re what he or she was doing with that cash, you will want an accounting thereof that leads to an equitable division of the community assets that were lost to you due to your spouse’s unauthorized withdrawals that led to the dissipation of community assets.

BOTTOM LINE IS TO SEARCH THEN SEIZE

Once you find the missing monies invested in hidden places, you have to get them out. That’s your family law specialist’s job, and that’s not always automatic. You might need passwords, usernames, and mnemonic seeds. If your spouse has played in the cryptocurrency market without you, it is possible your spouse has hidden a cache of profits derived from cryptocurrency business transactions in accounts under pseudonyms, other persons or business names, or they could have been transferred abroad.

If your divorce specialist has to go to court in an effort to retrieve hidden assets, your attorney will need to make a clear showing of how the money was transferred from a bank account or from some other community property asset to purchase the community cryptocurrency assets in dispute. When you hire a specialist in family law they can move the court for orders to exert pressure on your spouse to give up control over the hidden cryptocurrencies, and if that is not honored, the court can order an unbalanced division of community assets that will account for your share of the missing cryptocurrency.

MARRIED WOMEN SHOULD UNDERSTAND THEIR FAMILY FINANCES BEFORE DEATH OR DIVORCE PART THEM FROM THEIR MONEY

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I recently read a timely article at bloomberg.com, talking about the difficulties many post divorce women face financially, due to them not having participated in the handling of family finances while they were married.  Back then, their spouses handled the finances, who turned out to be better equipped in dealing with family related financial issues after the divorce was completed. Now, as newly single women, many wives who had left the money matters to the men, wish they hadn’t.

In Rise of ‘Gray’ Divorce Forces Financial Reckoning After 50, Suzanne Woolley writes of how “too many women” let their husbands make the long-term financial decisions, which has left them vulnerable when separation or death strikes.  That’s why it’s so important for any woman, married or not, young or old, to take the time to learn about the finances that affect them and their families, before death or divorce throw ungodly financial surprises upon you.  This is a regular instance with many family law clients. Many women, looking deer-lost in headlights, not having really any clear idea of the true nature of their family finances, seek legal advice related to family financial matters.  Surprise and shock are common responses when discussing the issues surrounding the division of community property. Issues related to income, expenses, assets, and debts might be clouded, personal property and community property commingled, or assets going unaccounted for.

By developing understanding of your financial affairs you will be better prepared to make the big financial decisions that you might have let your spouses make when you were still married.  Understanding family finances better helps to avoid the “nasty surprises” at the end, that your divorce lawyer will have to help you clean up.

Woolley notes some interesting facts relating to women and their investing, citing statistics from a survey found in a report called, “Own Your Worth,” which was released by UBS Global Wealth Management.

  • 56 percent of married women still leave major investing and financial planning decisions to their spouse.  
  • 61 percent of millennial women said they leave investment decisions to their husbands.
  • 54 percent of baby boomer women leave investment decisions to their husbands.
  • Twice as many men as women in the UBS survey said they were highly knowledgeable about investing.
  • Three-quarters of the women surveyed said they don’t know much about investing.

Woolley’s article also cites a stark difference between married women and women who were divorced or widowed regarding the “making (of) major financial decisions” during their marriage  She cites, for example, that:

  • 59 percent of widows and divorcees regret not taking part in long-term financial planning when they were a couple.
  • 85 percent of married women who weren’t active in making long-term financial decisions said their spouse knows more about financial issues than they do.
  • Eighty percent of women said they were content with how financial responsibilities were handled in their marriage.

The report concluded that a majority of married women are still handing over to their spouses important financial decisions that will profoundly affect their futures.  Women and divorcees who now find themselves alone wish they had been more involved in finances while they were married, says the UBS Global Wealth Management Report. Nearly all of them advise other women to get more involved early on and “break the cycle of financial abdication.”

WOMEN SHOULD BREAK THE CYCLE OF FINANCIAL ABDICATION

The UBS report cites “eight out of 10” divorced or widowed women who remarried as finding themselves to be “more active in the financial decision-making in their current relationship.”  Ninety-four percent of widows and divorcees surveyed insist on complete financial transparency with their spouse.

Again, for all women who are trying to make it work financially, you have one financial bottom line, and that is if you haven’t already — get involved now!  Wake up to the economic realities we all face right now in trying to move our families forward in a healthy and prosperous way. When the divorce comes about, you will be prepared in important aspects.  Remember that subsequent marriages have a higher rate of dissolving than do first marriages. So understand the income, expenses, assets and debts formula your family operates under now.

If you are a married woman, be involved with your husband when making all financial decisions.  You’re signature and / or consent is going to be required for most family related financial instruments, so you might as well understand what you are signing, and why.  If a divorcing woman understands her finances, and she can communicate rationally and intelligently with her spouse, come time for the divorce, she can conceivably steer the mediation of the division of the community property and in the long run save her and her family a lot of money and emotional expense.  If she needs an attorney or divorce mediator to help her with the process, she can always hire a family law specialist.

HOW DO YOU PREPARE YOUR FAMILY FOR A FINANCIAL RESET?

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Does anybody who’s ever tried keeping their family’s heads above treacherous financial waters have any idea what in the world is going on right now?  Overseas, we’ve got accusations of chemical attacks and fake chemical attacks simultaneously coming out of Syria and England.  We’ve got threats of a major trade war between the United States and China.

Domestically, we’ve got a U.S. dollar that is worth four cents on the dollar, with the value declining as I write this.  The U.S. bond market and stock market, both pegged to the U.S. dollar, are filled with too high prices and too much risk, so they no longer provide a guaranteed safe haven to protect our assets from the declining U.S. dollar.

We have President Trump with his tax cuts, and Central Banks that are talking about raising the interest rates.  Our economy has been stretched to the max.  This last series of programs that were put into action by the Federal Reserve Bank since our last crash in 2008 have failed.  And all of this is happening at the exact same time.  It’s a recipe for disaster, and now someone is talking about a complete financial “reset,” and we have to wonder how that will affect our ability to feed and clothe our families during difficult days to come.

Why is all of this happening right now?  According to Lynette Zang, Chief Marketing Analyst at ITM Trading, ten years of American Central Bank failures means that all of the fiat money assets that were targeted for “‘reflation’ have created tremendous bubbles, and now they’re trying to undo the experiments with our economy.”  They’re trying to undo what?

Zang, who has worked in commercial banking since 1986, says what we have witnessed is a Central Bank rally followed by what appears to be a Central Bank crash — with whatever is to follow.

“The Fed is going to start tapering their stimulus,” the former stock broker and investment banker says.  In other words, print, print, print money is all we know, and now the scant part of that flow that came down to us is being cut off.

Zang says what fuels this whole financial system, which is called a “fiat currency system”, is the constantly compounding debt.  “And interest rates are the tools that they use to speed that up or slow that down,” she says.

Our problem is the world has been anchored at zero percent interest for too long.  “That means they’re out of the tools that they typically would use to do that,” Zang says, “which is why they’re trying to unwind and normalize something that isn’t normal to begin with.”

Our money system is not normal to begin with because it is based on debt.  The best we can do in our present day financial reality is borrow more, of what the Federal Reserve “prints”, so we can buy what we can afford to borrow — at a price, that compounds daily with interest.  And now the Federal Reserve Bank has no more tools to keep it going.  The American financial house of cards is rapidly crashing, and what exactly that means to us, the average person struggling to make a living and raise a family of four, will be up to us.

According to Zang, “they’ve” been calling for a “reset” since 2013, and “they’ve” run out of options.  There’s no purchasing power left in the U.S. dollar.  All the currencies in the world that are tied to the U.S. dollar have eroded over time due to inflation, to near worthlessness.  And that’s what all of our family law community assets are tied into.  It’s all going down the tubes.

“They’re talking about a financial reset,” Zang says, “but it looks more like a planned demolition.”  The Central Banks are in huge trouble.

We, here, in the real world, have no choice but to get our heads around this concept of a new financial reset.  We need to understand what’s going on.  Big changes are happening to us and we’re not being told about it straight forward.  We need to find answers to tough questions.  We need to ask those tough questions.  We need to understand how this financial crisis that is happening, and is apparently going to get much worse, is going to affect us if we’re an average family of four who just happens to be going through the biggest crisis of our lives, and it’s called divorce.

So what is a financial “reset”?  Is it getting rid of the debt, a new currency?  What?
“Transitioning us into the new financial system,” Zang says cryptically.  “Establishing the new financial system they have in mind, which ties into cryptocurrencies and cyberspace.”

If what Zang says is true, then the situation we find ourselves in appears clear enough.  We are going from a debt based financial system to one that is centered around crypto currencies, cyberspace, and digital money controlled by a central governing process.

If we’ve gone to the grocery store lately or tried to buy movie tickets we know our dollar is buying less.  Everything we own seems to be going down in value while everything we need gets too expensive to buy.  We’re forced to settle for less and make difficult choices as to how we’re going to spend our precious remaining financial resources.

The old financial system that started under U.S. President Richard Nixon in 1971 was based on debt.  That debt, and all the compounded interest that has accrued on it, stands today as not payable.  And the interest on that debt continues to add up.

Zang says a “reset” to the financial system begins with a reset of the debt.  She says we have been dealing with nothing but compounding interest, which is “what creates money in the system, and we’re never going to get out of debt.”  It’s the way the system was built and they are going to have to “reset” the debt, so we will be able to continue to function economically as individuals and a nation.  But at what price?

Our currency, the U.S. dollars we spend to buy food, gas, and clothing, are merely debt instruments that don’t pay interest.  Our financial system is based on the foundation of never ending debt.  We’ve reached the end of the line.  Compounding interest will never be paid off.  “It has to reset.”  “The system doesn’t work anymore.”  “It died in 2008.”  “It’s a zombie system.”  “The entire system will crash.”  These are Lynette Zang’s words, not mine.

And the question remains.  What do families have to do to have a chance to survive in a rapidly changing world like this?  The answer is they have to learn the truth of the world that swirls by them while they’re busy making plans, or playing with their cell phones.  Heads of families have to take the time to learn to understand what is truly going on in the economic realm in which they live.  Right now, we in America are living on borrowed time, financially, and most of us don’t even realize it.  We might be aware that something is going on, that bills are becoming difficult to pay, but we don’t really pay attention to finding solution to our ever increasing financial difficulties.

That’s why we’ve got to deal with the true nature of today’s realities, financially and otherwise.  We’ve got to do our homework.  We’ve got to weed out the lies in information we receive and determine who’s telling the truth.  We’ve got to understand that, financially, our dollar may be about to disappear.  That there most probably is some kind of major change coming to our financial system and the currency we will use to live on.  That we’re going to have to understand what that is all about, how it will affect us, so we can figure out how to preserve what assets we have left.  We must learn to understand how a financial “reset” will affect the future of our families.

Where does your family stand on this?