“In our time, the curse is monetary literacy, just as the inability to read plain print was the curse of earlier centuries.” – Ezra Pound.
A gold coin is divided by the dollar and Chinese yuan symbols.
BIFURCATION – [bīfərˈkāSHən] – noun
Def. – The division of something into two branches or parts.
In the next four minutes, what you read may help you grasp a concept that could save your family from financial ruin in the next ten years.
Given a significant event this week (May 12-19, 2024), I will teach you the meaning of monetary bifurcation and why understanding it is essential for protecting your money.
I’ll begin by asking you a question.
The average American thinks money is what you get for working (a salary), what you keep in your bank (a checking or savings account), or what you spend on the goods and services that you buy (expenses).
However, these things help illustrate what money does, not what money is.
By definition, “money is a medium of exchange.”
For example, if I tell you that I’ll mow your yard in exchange for you cleaning my house, acts of service are “exchanged” in our agreement.
If I don’t wish to mow your yard but desire you to “clean my house,” we must agree on “a medium of exchange” equivalent to the worth of me cleaning your house.
That agreed-upon “medium of exchange” is called “money.”
Throughout history, gold and silver have been the world’s money for reasons that have led nations to call gold and silver “God’s money.”
When our Founding Fathers wrote the United States Constitution, only gold and silver coins could be deemed legal money.
Watch this brief video to see how the U.S. left gold and silver as money, and turned to paper dollars backed by “the good faith and credit of the U.S. government.”
Author Dominic Frisby with Wade and Rachelle Burleson
“To touch gold is to touch eternity” – Dominic Frisby
Dominic Frisby has written an essay on gold that is worth your purchasing. The essay is .99 cents on Amazon and is free for Prime members. It will help you understand that gold, throughout history, has been called God’s money.
Frisby makes the argument that gold alone is the currency of the free.
Frisby writes that every “reserve currency” throughout history (like the U.S. dollar today) has always been backed by gold and silver, but every nation that debases its currency (turns to fiat money) loses its status as a world power.
Over time, U.S. politicians and the Supreme Court altered the U.S. Constitution, allowing the government to create “paper dollars” and coins made of base metals instead of gold or silver.
In times past, you could exchange U.S. dollars for God’s money (gold or silver).
Not anymore.
Fort Knox holds the United States government’s gold and has not been audited since the Eisenhower administration in the 1950s.
Some people question whether the U.S. has any gold at Fort Knox.
The United States Treasury and Federal Reserve create “dollars” by fiat (decree), including the awful practice of “monetizing government debt, which is paying for U.S. government debt with newly created U.S. dollars.
The U.S. government acts like a drunk spender who buys goods and services on credit cards, then opens more credit card accounts to pay off previous credit cards, and on and on and on.
Even worse, the Biden Administration has removed Russia from the SWIFT BANKING SYSTEM and has seized $300 BILLION U.S. dollars from Russia held in SWIFT BANKS and threatened to give those dollars to Ukraine.
These U.S. actions against Russia are called “the weaponization of the American dollar.”
Gold keeps governments accountable for spending, preventing them from spending more than what they keep in gold reserves, and creates confidence in the value of the world’s reserve currency.
Without gold backing the reserve currency, the world enters hyperinflation.
The more dollars there are in circulation worldwide, the more dollars it takes to buy goods and services.
China is now the nation with the most significant gold holdings in the world. China’s motto is to secretly and quietly take over as the world’s superpower. Right now, ‘we must not shine too brightly,” they say to their people, but the Chinese government is quickly accumulating gold at astonishing rates.
China is now the nation with the most significant gold holdings in the world.
This Wednesday, May 14, 2024, through next Saturday, May 18, 2024, Brazil, Russia, India, China, South Africa (BRICS), and other nations begging to join BRICS will meet to discuss and possibly launch another currency—backed by gold—that will allow BRICS NATIONS to trade commodities (oil, grains, etc.) without using the American dollar or the SWIFT Banking system.
China has been hoarding gold since 2007. China has encouraged all its citizens to obtain gold. China now produces 50% of the world’s gold. Exporting gold to another nation is illegal for any company or citizen. China probably has over ten times as much gold in reserves as it reports.
China’s ultimate goal is to become the world’s reserve currency. To this end, China will begin by challenging the U.S. dollar in world trade in commodities, especially oil.
This is the BIFURCATION of money.
The East will begin trading with the new Chinese currency backed by gold, and the West will continue trading with U.S. American dollars not backed by gold.
The new trading currency of the EAST, backed by gold, could eventually become the world’s reserve currency. Typically, there’s only one currency that holds that position.
Great Britain’s Pound Sterling was the world’s reserve currency before the American dollar, but the British Government attempted to fool the world into believing the Sterling Pound was still backed by precious metals when, in reality, it was only backed by “empty promises of a bankrupt Great Britain” due two World Wars.
To know what happens in the United States when another currency rises to take World Reserve Status (like a new gold-backed currency from China), you must study the 1930s and 40s and Great Britain.
Here’s what could happen in the United States:
- Hyperinflation explodes.
- Individual bankruptcies skyrocket.
- The government shuts down social programs.
- Bank failures become rampant.
- Food shortages (due to trade deficits) explode.
- Civil unrest overtakes the country.
- A nation becomes vulnerable to military attacks.
If the U.S. loses currency reserve status, the U.S. will experience economic and political hell.
If a nation’s currency holds world reserve status, that nation’s government can borrow cheaply. If not, that nation will go bankrupt quickly if it spends more than it takes in.
The United States has significantly benefited from having the world’s reserve currency as its local currency, allowing the government to spend, on average, 22% more than it takes in (debt).
Reserve currencies come and go. Since the days Christ walked this earth, over a dozen world reserve currencies no longer exist today.
The dollar will soon lose its status as a reserve currency. The only question is when. Pay attention to what happens next week, month, and year among the BRICS nations.
Understanding bifurcation will help you recognize that corrupt governments constantly choose between telling lies and fighting wars, with the result always being the same. One will always lead to the other.
