- I believe USA will do an overnight FINANCIAL RESET and announce that the new US Dollar will be backed by gold. Trump, IMO, will go BIG (or go home), he will initiate a Debt Jubilee to wipe out USA debts and restore America financially. The mechanism, I have highlighted many times, is via a revaluation of the gold price: $50K/ounce ….. $100K/ounce … etc. Take your pick.
- Current USA debt is about US$23T, unfunded liabilities are about US$200T … the amount of physical gold they claim to have is about 260M ounces. Some simple math will give you a plausible answer to the gold price after revaluation. Debts divide by amount of physical gold:
US$23T / 260M ounces = US$88K/ ounce gold price
US$200T / 260M ounces = US$ 769K / ounce gold price
Using M3 money supply from St Louis Fed (US$15.3T):
US$15.3T /260M ounces = US$58.8K /ounce gold price
- I believe they will issue a new Dollar backed by gold and obsolete the current US Dollar. They will simply announce a convertibilty say: $1 new Dollar = US$20 old dollar. How and by when … and conditions … will be announced. They will not allow free convertibilty to physical gold for the new Dollar. There will be conditions like say: max $1B new dollar convertible to physical gold per 3 months, delivery to be within a year … etc…. Ie. I do not believe America has the 260M ounces of physical gold they claim to have.
- ITM TRADING, INC.
Slides and Sources: https://www.itmtrading.com/blog/unite…
A very important question was asked form one of our viewers Christopher R…he said: “Historically, when a Fiat Currency Resets, it can have several Resets within a few years time (which is correct). What are some historical Economic Resets from modern times where currencies had collapsed, and over what time frame were these Resets, that can be used to compare to the US Reset?” He went on to explain the real reason he wants to know this is so he can estimate when to sell his gold & silver and how long to wait before he does. In this video I’ll not only answer this question by showing you the hard facts and data, but I’ll explain the biggest difference between currency resets in previous countries, versus the reality of what will happen after the United States Currency Collapses. And if you want to make it out on the other side of this transition with any of your wealth left over, this is imperative to understand.