Why does gold keep rising?

Less than a week after I was born, Nixon ended the Bretton Woods International Monetary System, whereby the dollar was backed by gold. Watch his speech televised on August 15, 1971, or read it here. Otherwise referred to as the “Nixon Shock Speech” or the “Bretton Woods Speech,” Nixon outlined a new economic policy, which he vaguely described as “The Challenge of Peace”…

The Challenge of Peace—carried out as endless wars—has resulted in the USA flipflopping from being the world’s greatest asset holder at the time of the 1944 Bretton Woods International Monetary System Agreement to the world’s greatest debtor today. What this essentially means is that the U.S. wizard of ounces (oz) will no longer be able to trick people or bully them into accepting its liabilities as assets, or its wars as a “challenge” for peace. Not everyone is brainwashed or hoodwinked.

As the Bible says in Proverbs 22:7, “The borrower is slave to the lender” and the lender is the rest of the world. The “New Prosperity” that Nixon wanted to build by creating new jobs and halting inflation was, actually, a deception. That is, it was truth with a trick… “If you are among the overwhelming majority of Americans who buy American-made products in America, your dollar will be worth just as much tomorrow as it is today.” In other words, if there were no globalism or international trade, or exporting of the U.S. dollar, then everything would’ve been fine.

Other than the price of real estate, and cars, and such, we haven’t noticed inflation in a very long time. Things have just always gotten better, like magic! Stocks always go up! But debt doesn’t bring endless prosperity like gravity grounds matter on the earth. In 1971, the U.S. budget deficit was $23.2 billion, near record high at the time, and the national debt was $398 billion. In FY 2023, the budget deficit was $1.70 trillion, and the national debt is now $35.4 trillion. It think that’s 88x in which the national debt has grown. The Dow Jones Industrial Average has gone up about 46x, just to compare.

How much further will it all go? Gold will be the measuring stick…because gold is the world’s reserve asset, whether the U.S. likes it or not. No matter who becomes president, we are still the borrower that is slave to the lender, and those who have riches (and brains) will try and find their way out. While this 53 year old system continues to die, this 53 year old body called Wendy is trying to find its way with these darn tendinopathies (the inner elbows), so my posts will not be very long. I did learn a new word that I love…Anakainōsis. This Greek word means “to make new, renew.” I’m doing this!

Romans 12:2 tells us, “Don’t be conformed to this world, but be transformed,” renew your mind. The entire world is in flux, the monetary system is changing. Wake up or be left in the dust of antiquity and debt implosion. The real “Challenge of Peace” is now in our minds and souls. We are living in crazy-making times, where many have gone insane, and we are trying to make the ends of logic meet. I feel the desperate need to focus inward and strengthen my body, mind, and soul. Luckily, I have the time to do this. “Menopause is not an age; it’s a stage. A stage of wisdom and freedom.”

Share on Facebook

Tweet

Save