First Mining Gold Corp (FFMGF)

[AlwaysRed]

Thanks for the question.

Again, it depends on who you listen to. This is simply a repeat of the post I made the other day:

There is a global demand for dollars as a safe haven. Believe it or not:

https://www.ccn.com/greatest-u-s-dollar-squeeze-is-loading/

If currencies around the world fail, like the Euro, the demand for the dollar rises. What is the state of the Euro?

https://www.ccn.com/u-s-dollar-shortage-to-weaken-economic-activity/

"With this “fractional system outside of a fractional system,” the world has created a massive appetite for U.S. dollars. Unfortunately, there’s no Federal Reserve for the entire world that can step up to the plate and print U.S. dollars. Hence we have a U.S. dollar shortage."

https://www.investopedia.com/articles/forex/09/factors-drive-american-dollar.asp

"The economic conditions during the recession that began in 2007 forced the U.S. government to play an unprecedented role in the economy. Since economic growth was receding as a result of the large deleveraging of financial assets, the government had to take up the slack by increasing spending and propping up the economy. The purpose of government spending was to create jobs so that the consumer could earn money and increase consumption, thereby fueling the growth needed to support economic growth."

https://www.weforum.org/agenda/2017/03/why-the-dollar-still-rules

"In a recent study that I undertook with Ethan Ilzetzki and Kenneth Rogoff, we document that the US dollar has retained its dominant position as the world’s reserve currency – and by a significant margin. Over 60% of all countries (accounting for more than 70% of world GDP) use the US dollar as their anchor currency. Other metrics, which include the proportion of trade invoiced in dollars and the share of US assets (notably Treasuries) in central banks’ foreign exchange reserves, suggest a similar degree of “dollar dominance.”

"Now as then, the US could meet the rest of the world’s appetite for dollars by issuing more dollar debt. This would require the US to run sustained current-account deficits, mirrored in fiscal deficits."

https://finance.yahoo.com/news/race-2030-currency-supremacy-dollar-170000974.html

"The greenback’s share of central bank foreign exchange reserves stands at about 62 percent, unchanged since Jan. 1, 2010, according to the International Monetary Fund. The second-place euro, touted by some leading economists in the late 2000s as a potential rival to the dollar, saw its share of central bank reserves decline over the past decade to about 20 percent from 26 percent."

And the Euro is dying! Where does that put the dollars status?

We are the money printing machine for the world. In 1971 when the Petro dollar started and the dollar became the world's reserve currency we had to increase the debt machine to be able to create the dollars necessary to distribute around the world. THAT is why the national debt has increased so vastly. THAT is why we have increased the deficit spending so much. We are LITERALLY forced to to be able to create the demand for the dollars globally.

Even if the world wanted to leave the dollar what would they use? Every currency is issued at debt with interest by the same bankers and they are devaluing faster than the dollar. The dollar is the support structure. I know the metal salesmen say otherwise.

It took me a long time to come to the realization that the reason we were going so far in debt so fast was to create the dollar to distribute globally. Sometimes I don't like what they do to distribute then, like building billion dollar bases in Iraq:

17 billion rebuilding Afghanistan:

https://www.pri.org/stories/2015-12-18/behold-american-taxpayer-what-happened-nearly-half-billion-your-dollars

A billion dollars dumped into Iraq that we can't oversee:

https://www.propublica.org/article/the-trump-administration-gutted-the-staff-overseeing-1-billion-in-aid-to-iraq-a-watchdog-is-raising-red-flags

I could list a ton of ways that the US waves its power to get what it wants while using the distribution of the dollar as the tool. The other countries WANT the dollar and we need them to have them. They are being exported, hence no inflation.

Oh AlwaysRed, why don't they give them to the people in the US that need them? They totally could do that, but then you get that inflation. We are exporting them, they are in demand. All the other global currencies suck.

The evidence is overwhelming:

https://english.alarabiya.net/en/business/economy/2019/10/07/How-the-Lebanese-pound-peg-began-to-crack-under-pressure-.html

One after another. And through trade wars, currency manipulation etc. we increase the demand even more. The world wants and needs more and more dollars. Our leaders/banker use the demand as a tool to fulfill political agendas.

The dollar is very sound and the world is demanding them.

The other currencies around the world, as they fail, will want more dollars to help restructure their debt. Like the Euro. They will inject dollars into the banking systems of these foreign banks to help balance and restructure them. Like sending them gold but not gold, Petro dollars.

The currencies around the world that are failing are not the dollar. The dollar is NOT collapsing. It is being used to strengthen the global banking system that is not using dollars.

Metal salesmen and Zerohedge will not tell you this. The reason our debt is going up like crazy is to create the dollars needed to distribute to the world. And every now and then the Fed has to interject and create cash to bail out a foreign non dollar central bank with dollars.

How many trillions of dollars would it take to fulfill the needs of the entire world? Every country, every person in every country? Certainly more than 100 trillion in actual physical cash. The 100 trillion would have to be reflected in our national debt because it is not only OUR dollar supply it is the WORLD's dollar supply. And we are distributing them around the world and the world wants more and more of them. And we use that demand as a political weapon. And we have men with guns.

It took me years to come to this understanding. It is easier to fool someone than it is to convince them they have been fooled. I have lost friends and alienated people saying that there was going to be hyperinfaltion when I didn't realize that these dollars, this debt we are creating is not only for the US here in this little fish bowl called the US, but also for the demand and structure around the world.

Yes they are using emergency banking powers to create dollars to balance the global currencies and banks. It would probably take a quadrillion or more physical dollars to dollarize the world's banking systems and all the countries banks. To give them support. PHYSICAL dollars. That would have to reflect in OUR national debt because the national debt IS the physical Dollar supply! That one world currency they are always talking about........could it be the dollar?

FDR was the one that put the Great Seal on the back of the dollar:

http://www.greatseal.com/dollar/hawfdr.html

Now I would always tell my economic instructor that the dollar is simply the best looking horse in the glue factory. I would tell him that the dollar is dying etc. And he would calmly and simply say "As long as we can expand the dollar and it's influence, everything will be fine." I disagreed and guess what?.......He was right. I just wasn't where he was at. I was always looking at an Austrian economic idea that was entrenched within the US and not looking at a Keynesian system that is expanding globally. Like it or not, that is what is happening.

If we simply wanted a Sovereign currency to use within the US alone, the dollar would destroy us. There are far too many. The reason we are not seeing the inflation that I thought there should be, that the metal salesmen are telling us there should be, is because the dollar is the world's reserve currency and it is the currency of the world. Whether the world likes it or not. The central bankers control the money spigot of every country and they can cause other currencies to weaken and increase the demand for dollars.

I hope this makes sense. Now some of the metal salesmen know this I am sure, and Zerohedge.......Who owns that site again? How do we know anything we read is true? The proof is in the pudding. That Doug Casey interview should be a revelation. From 1980, saying the same things that they are today. Now did he know that the Petro dollar was created and the dollar was going to be distributed globally and there wouldn't be nearly the inflation/hyperinflation he was screaming about in 1980 and all the other people have been screaming about every since? Ron Paul? Is he ignorant to the fact that we are distributing the dollar globally? That is up for you readers to decide. But Eric Sprott is a billionaire, Keith Neumeyer is doing pretty well. Doug Casey is sitting pretty. Chris Duayne is doing alright. Peter Schiff is doing alright. Max Keiser is not poor. I could go on and on.


But my silver holdings aren't doing that well and they have all the dollars and digits in the world to control the price. I'm going to hold them just in case, but it seems they have a pretty good strangle hold on the price. The entire metal community is at the mercy of the money masters. They allow the miners enough to make profit and to keep making their money and mining those metals. Every now and then they let it rise to catch up with inflation.

The Money masters have controlled every aspect of energy for hundreds of years. They controlled all the gold, silver, oil, diamonds, power, etc. Rothschild, Rockefeller etc. They were some smart cats. They got a strangle hold on all energy early on. They have not lost control of that power.

Watch the Money Masters and The Secret From Oz by Bill Still. Learning how these people took control of all money and energy is amazing. Well for me anyways, I'm a money and history dork. I'll keep saying it, I've given you more than you know. Study what I've given. There are answers there but it takes years unfortunately. And you often have to find it yourselves. You can lead a horse..........

I hope this at least gives you guys something to think about. It took me years to get to this point.

It is always nice to see the winter metal runs. man, it would really be nice if they let the metals move..........