He said that IF China goes gold-backed currency that the U.S. will be FORCED to go to it also. Is that true? I don't know, but China's not been hoarding their gold for decades now for nothing. I believe that's exactly what the Chinese are planning to do at some point.
The world is currently using fiat because the RESERVE CURRENCY is fiat. This is exactly why when the Fed does what they do the rest of the world has to try and follow. This is also why the world is so indebted and why he talked about the Banksters NOT being able to pay the interest on the debt if rates are too high, but by the same token all they can attempt to do is inflate the debt away. They had to keep inflating away debt to keep from defaulting.
So, how are they going to control inflation and keep rates low too? It's impossible, they can't do it. Hence, at some point in time a debt jubilee. When does that come, before or after they go to the digital dollar? Who can say. What we do know is that the situation they're in now isn't going to work.
The student loan scam will be very inflationary. I heard just yesterday on the news that it's going to add $500 BILLION to the national debt, so that's listed as a liability on the national balance sheet. Just more debt. Demantia Joe is trying to buy some votes for sure, but he may be losing more than he's gaining. There are many more pissed off tax-payers footing the student debt bill than there are benefitting from the forgiveness.
