patrick.net

So their central bank essentially stole the money of everyone who had pesos by printing more of them.

So their central bank essentially stole the money of everyone who had pesos by printing more of them.

Quote is from a Chinese propaganda site, but they're not wrong about this.

I recall the Mexican peso was about 24 to $1 USD in 1980.
Overnight it dropped to about 50 pesos to $1 USD.
Today it's 18.5 "new pesos"=18,500 pesos to $1 USD.
What is strange is the standard of living is generally higher today, but Baja Sur Mexico may be uniquely more prosperous than the mainland (except Mexico City and Guadalajara).

Just the savers. Debtors made out.

Savers lost a ton of dough in Mexico at the first big devaluation. Overnight you would lose almost 50% of your net worth.

France Calls on Europe to Ditch U.S Dollar, Seek ‘Strategic Autonomy’

As soon as you use a name like "dollar", then the games start because that breaks the explicit valuation by weight of silver.

Rounds were selling for $25/oz in the past six months.

The silver standard[a] is a monetary system in which the standard economic unit of account is a fixed weight of silver. Silver was far more widespread than gold as the monetary standard worldwide, from the Sumerians c. 3000 BC until 1873. Following the discovery in the 16th century of large deposits of silver at the Cerro Rico in Potosí, Bolivia, an international silver standard came into existence in conjunction with the Spanish pieces of eight. These silver dollar coins played the role of an international trading currency for nearly four hundred years. ...

For millennia it was also silver, not gold, which was the real basis of the domestic economies: the foundation for most money-of-account systems, for payment of wages and salaries, and for most local retail trade. In 14th to 15th century England, for instance, most highly paid skilled artisans earned 6d a day (six pence, or 5.4g silver in the mid-15th century), and a whole sheep cost 12d. So even the smallest gold coin, the quarter-noble of 20d (with 1.7g fine gold), was of little use for domestic trade.[3]

Everyday economic activities were therefore conducted with silver as the standard of value and with silver serving as medium of exchange for local, domestic and even regional trade. Gold functioned as a medium for international trade and high-value transactions, but it generally fluctuated in price versus everyday silver money.[3] Gold as the sole standard of value would not occur after various developments occurring in England starting the 18th century.

Some states have chosen to use a loophole in the Federal Reserve Act that gives individual states the right to issue currencies of gold or silver coins or rounds. ... As of January 2012, Utah allowed the payment of debt to be settled in silver and gold, and the value of the American silver or gold rounds used was pegged to the price of the given precious metal. Payment in some cases can be requested to be made in silver or gold rounds. As of 2011, eleven other U.S. states were exploring their options to possibly make similar changes like Utah.

Texas Wants to Create a Gold and Silver-Backed Currency
Can the fiat system be reformed? Can this be done or at least initiated at a state level?

Texas has proposed a bill that would require the state comptroller to establish and provide for the issuance of gold and silver specie and also establish digital currencies that are 100% backed by gold and silver, and 100% redeemable in cash, gold, or silver. The bill would authorize the Texas Bullion Depository as the issuer of the specie and digital currencies and ensure that holders can use them as legal tender to pay debt and transfer them electronically to other people. The bill would also require the trustee to maintain enough gold and silver specie or bullion to provide for the redemption of all units of the digital currency issued but not redeemed. In practice, individuals would be able to purchase transactional currency representing the smallest fractions of physical gold or silver and redeem them for dollars, gold, or silver on demand. The bill has passed the House State Affairs Committee by a 7-6 vote and has received strong grassroots support in Texas.

Might be a sneaky way to create a digital currency which can be shut off at will by government.

I don't know if this is a sign of anything other than people being worried about an inevitable economic crash and a collapse of the dollar, but that worry alone is enough to raise your eyebrows.

The wholesale mega-store Costco not only sold innumerable $1.50 hot dogs, but in the last quarter alone they have sold $100 million worth of gold bars online.

First Costco, Now Walmart? Major Retailers Now Offer Gold Bars

Unelected bureaucrats in the European Union are advancing plans to replace physical money with a “digital Euro” to usher in “cashless societies.”

As Slay News has reported, globalists have been pushing for the introduction of central bank digital currencies (CBDCs) for some time.

The push is being championed by the World Economic Forum (WEF) with backing from the United Nations (UN), the World Bank, the International Monetary Fund (IMF), and globalist world leaders, including Democrat President Joe Biden.

However, as members of the WEF celebrate the push toward “cashless societies,” major concerns are being raised for the privacy and civil liberties of the general public.

https://www.zerohedge.com/commodities/first-costco-now-walmart-major-retailers-now-offer-gold-bars

First Costco, Now Walmart? Major Retailers Now Offer Gold Bars

Patrick says

https://www.zerohedge.com/commodities/first-costco-now-walmart-major-retailers-now-offer-gold-bars

First Costco, Now Walmart? Major Retailers Now Offer Gold Bars

Cool if Dollar General starts offing gold bars as well.

Etsy offers screaming deals: https://www.etsy.com/listing/1646438887/