He is good,   good. 💰

Thanks Jarasan. Indeed he is. Great changes but making them as easy on us as possible. I'm adaptable and looking forward to the future.

damm good…….

Thanks Jarasan. Truth!  😎

Interesting days we live in.

Thanks Sully. Yes immensely interesting and we've been clued in on a lot of this over the last 9 years. Can only imagine how someone just waking up feels.

We went on the petro dollar system when Nixon and Henry Kissinger took us off the gold standard in the early 1970's.
The dollar underwent significant changes after the United States moved away from the gold standard. In essence, the US shifted from a system where currency was directly convertible to gold to a fiat currency system, where the value of the dollar is determined by government decree and not tied to a physical commodity. This shift had several key consequences.
1. Increased Money Supply and Inflation:
With the gold standard removed, the US government had more freedom to create money.
This increased money supply can lead to inflation, as more dollars in circulation mean each dollar is worth less in terms of goods and services.
The US debt also increased, as it was easier to print and borrow money without the constraint of a gold standard backing the currency.
2. Adoption of Floating Exchange Rates:
The gold standard maintained fixed exchange rates, where the dollar's value against other currencies was relatively stable.
After the gold standard was abandoned, the US adopted floating exchange rates, where the value of the dollar is determined by supply and demand in the foreign exchange market.
This means the dollar's value can fluctuate more, which can impact international trade and investment.
3. Shift to Fiat Money:
The US dollar is now a fiat currency, meaning it's not backed by gold or any other physical asset.
The value of the dollar is based on the government's decree that it is legal tender and accepted as a medium of exchange.
This shift allows the government to have more control over the money supply, but also carries the risk of inflation if the money supply is increased excessively.
In essence, abandoning the gold standard fundamentally changed the nature of the dollar, moving it from a currency with a physical backer (gold) to a currency whose value is determined by government policy and market forces, potentially leading to increased flexibility but also potential risks of inflation and currency fluctuations.

Thanks Grwurston. My understanding is Petro 2.0 is a bridge to Treasury dollars (some call it rainbow currency) which is backed by gold.  It is being used as a transition from the Fed to our own Treasury.  When our Treasury controls the amount of gold backed 'dollars' printed it will force the government to stay within the budget because they won't have the ability to borrow beyond that. In the 60's we had a more sound economy so I hope we can bridge back to that gold backed currency.