A BIG NOTHING FED ANNOUNCEMENT...
Powell sure took his time, beating around the bush, just to say that he wants to Balance Inflation at about Two Percent per year...
I can see that we'll probably have a Temporary Spike in Inflation, when everyone starts Selling their Precious Metals for our Electronic Sound Money...
This is going to be a World Wide Monetary Event, the likes of which hasn't been seen by a single living person...
It's the Trump Card Folks...
WE THE PEOPLE own the ISSUING RIGHTS to every form of U.S. Sound Money, both Physical and Electronic...
U.S. Bullion Coinage will back every form of Circulating Sound Money, "Face Value for Face Value"...
Circulating Sound Money will be in Perfect Balance with our U.S. Bullion Coinage...
Electronic Sound Money will go Viral, and it will be used World Wide...
People will start saying it's as Good as Electronic Gold...
Silver, Platinum and Palladium Bullion Coinage will also back our Sound Money...
Because of the increased "Spending Power" of "Sound Money" we will be adding 99 Decimal Cents to the End of our existing 99 Cents, and Switching from a Digital Banking System to an Electronic Banking System...
The Exchange Rate from Fiat Dollar to Sound Money Dollars will be One Hundred to One...
The Reason behind the Exchange Rate, is because there is only One Percent "Spending Power" remaining in each Fiat Dollar...
Everyone will have plenty of time to Exchange or Spend their Physical Federal Reserve Notes, for our Sound Money with no loss in "Spending Power"...
Your Digital Fiat Dollars will be the Responsibility of the Banks, and if they want to stay in Business, your Digital Fiat Money should remain Safe...
You may have to give the your Bank consent to Switch your Digital Fiat Dollars to our Electronic, Sound Money Dollars...
This should make for a Smooth Transition, as both Fiat and Sound Money will Co-Circulate during the Redemption Period...
A person will need to Sell One Ounce of Gold to get their hands on $35.00 in Sound Money...
$35.00 in Sound Money will have the "Spending Power" of 3,500 of Today's Fiat Dollars...
This may cause a Temporary Spike in the inflation rate, because a lot of people will experience a Big increase in Spending Power...
Think of Gold going to the Moon and Silver going to Mars...
That's a lot of extra Spending Power, but this is a Once in a Life Time Event...
It may be best, if people paid off some of their Debt, instead of buying Goods they don't need...
Everything should quickly reach Fair Market Value, due to Supply and Demand...
Sound Money will be Stable Money...
The Silver/Gold Ratio will be "FIXED" at Ten to One...
Electronic Sound Money will Require a Debit Card, and will also be used with Credit Cards, Smart Phones, Computers and who knows what else...
I'll use my Debit Card to get Folding Money out of the ATM's, because I like the Privacy Factor of Physical Money...
Instead of getting Paper Dollars from the ATM's, we will Receive Paper Coinage, in mostly Twenties, Fifties, and One Hundred Cent Certificates...
We're not out to Destroy the Banking System, and they will continue Charging Fees and Interest for the Services they Provide...
Feel free to question anything I write...
August 28, 2020... 15.8 Hollywood Time...
Fed told us they are dead set on inflating your wealth away at 2% a year and don't mind letting the inflation demon out of the bottle for higher inflation to get that average.
Robbing the American people since 1913.
The Inflation Rate would have to be Set at Zero, for a long time, to finally get back to Two Percent... I figure Inflation is about to end, and Powell is reluctantly passing out Clues... He was very slow at getting to the Point...
August 28, 2020... 19.4 Hollywood Time...