TrueValueMetrics ... Impact Accounting for the 21st Century

Date: 2025-05-01 Page is: DBtxt003.php txt00028200

MONEY A FLAWED SYSTEM THAT WILL CRASH VRIC-Media: The End of the US Dollar Is Here This Will Be The New Financial System PLAY YOUTUBE VIDEO Original article: https://www.youtube.com/watch?v=vmHHmBA4Emg Peter Burgess COMMENTARY My father played rugby at quite a high level. When he was 19 years old he played for Yorkshire in a match in Germany between Yorkshire and the British Army of the Rhine. I grew up with a photograph of the two teams in a frame in our hallway. This trip to Gernmany just after the end of WWI had a big influence on my father who recounted from time to time how the Germans were walking around with wheelbarrow os near valuless ReichMarks. The German currency had become essentially valuless and in many ways this gave rise to Hitler, the Third Reich WWII. Americans think of their currency as a very stable storeof value, but that is not particularly valid. The dollar of 1900 is about 50 times more valuable than the dollar of 2025! The same goes for the British pound. Other currencies have lost value over time far faster and more than the US dollar and the British pound. One of academic agenda items is better to understand how money works. I want to look at the mechanisms of money with a different rigor than there seems to have been over the past several decades. These old economists ... Maynard Keynes, Nichlas Kaldor, Joan Robinson and ??????? ... informed my understanding of economics at University around 1960, but 65 years of real world experience has taught me that most current economic analysis that gets into print is woefully incomplete, and pretty much valueless. What goes for economic analysis is frequently nothing more than a strategic analysis of how a company can earn more money and what policy freamework is needed to supercharge profit growth ignoring critical social and environmental factors. Germany's economic collapse after WWI took place over a period of just weeks. A similar collapse of the global modern economy is in process but in slow motion over a period of several decades. All sorts of modern economists have written something about these problems ... but I have not seen anything that seems to bringing all the different stressed together into one complete system ... I likely I cannot do it either! Peter Burgess
The End of the US Dollar Is Here - This Will Be The New Financial System VRIC Media 43.8K subscribers ... 113,544 views ... 3.9K likes Feb 22, 2025 Welcome to the official VRIC channel, the driving force behind Canada's largest mining and resource conference, held annually in Vancouver. We are a premier destination for expert insights and authoritative content on both small and mid-tier finance in the mining and commodities sector. To ensure you never miss out on the latest industry trends and expert advice, we encourage you to subscribe to our channel. Our dedicated team is committed to keeping you well-informed through regular content updates. Join us on this journey and stay ahead of the curve. For more content from VRIC host Jay Martin, please visit The Commodity University at https://2ly.link/211gp Sign up for Jay’s newsletter at https://2ly.link/211gx Copyright © 2024 Cambridge House International Inc. All rights reserved. Transcript 0:00 [Music] [Music] what I want to show you today is there's the purchasing power of the consumer dollar 2007 was when the system died we just don't know it yet but it doesn't matter facts Remain the fact officially we have three cents left out of that purchasing power but that's official and what I want you to notice when you go to the Federal Reserve education department they nicely tell us how much a dollar is really worth which is a big fat zero basically this is the end of this currency's life cycle and nothing can 1:00 change it that's why it really doesn't matter who is in power at any given moment it is just a transfer and what they're trying to engineer is a transfer into new system so what I want to show you today is exactly how they do it it is not rocket science let's take a look at those repeatable patterns when they make this shift because what we're talking about is money and whether it's Fiat money or sound money it's all money just the flip side so what's money supposed to do for you because originally this is what it was created for as a unit of account a tool of measure a medium of exchange a fair unit of payment so that whatever you make today you're fairly paid but if you're not ready to spend it maybe you want to retire maybe you want to educate your kids in the future a store of 2:02 value now gold supports all of those functions but when they wanted to take over the system they made the Fiat money mimic gold okay so it MIM mimics all of these functions of money but baked into the system is inflation and what does that do it removes your purchasing power and you don't realize it if they can that's what that 2% is about to make the value of the currency drop slow enough that you don't change what you do so governments and Central Bankers need you to think that nothing is changing this is how they do it okay this this was original that's a $1 gold coin and that was the same as a 1o silver coin 3:00 and that was the same as a silver certificate so they all were in circulation at the same time with the same level of purchasing power there's your 20 but what they also did was put in the Federal Reserve notes and again they allow everything to circulate at the same time so that you get used to the one that really has nothing backing it and eliminates your ability to convert it and hold the central banks and the government's toes to the fire so you think nothing has changed but in reality everything has when they take away the gold and they take away the gold certificates right but they always sell everything as convenient now many people don't realize that in the 60s there was a run on the 4:00 dollar and I'm bringing this up specifically because because you're going to see we're experiencing that same run today that's one of the reasons why I can tell you we're at the end it doesn't matter what anybody does there is no saving the system it's dead and it's sick but there was the global run with global central banks sending in their dollars and pulling the gold out of the system and so much so that by the time Nixon took us officially off the gold standard there was less gold in deep storage as there was PRI prior to the confiscation now if any of you are my age then you're probably going to remember President Nixon coming on and say if you buy everything in America you're not going to have any loss of purchasing power you're not going to notice it it's incredible their job is really to Li 5:00 and there you are if you are among the overwhelming majority of Americans who buy americanmade products your dollar will be worth just as much tomorrow as it is today is that true of course not and I'm curious how many people in this room actually own physical gold physical silver that makes me happy and it also makes me happy that there are people in here that are just new to this that are learning why it's so important to hold it cuz we can say it together for those that know if you don't hold it you don't own it everything else is a contract in 1971 where the population lost the ability to convert those gold certificates into gold now global governments lost that ability and we were on a pure debt based system and as we all know we're we're what the they're reporting is north of 36 trillion but 6:03 we've been compounding interest forever so what we're looking at here is the Federal Reserve note there are the four functions of money this was the promise and here's the LIE government Fiat money debt-based it can you can print as much of it as you want just going down the aisle you saw how much we could print it it's in their control their attempt to control the rate and speed of inflation you can hold a bill and still maintain a level of privacy right because if you've got it in your pocket at least at this point then nobody really knows about it and they're trying to eliminate that and it has roughly a 100-year cycle give or take and that's typically about how long government debt-based currencies actually survive 7:01 but they removed one of the functions when they created it because do you maintain a store of value over time of course not inflation erodes its value over time that is by Design I'm going to tell you a simple fact inflation is not a monetary phenomenon we think it is we've been trained to think it is but it is a Kat money phenomenon it is an invisible tax and it is a confiscation of your wealth of your work of your time and labor so when people say to me oh well the government wouldn't confiscate again excuse me they've been doing it your entire life what are they going to do stop at the very end when they're getting the last little bit you have and go oh but wait you get to keep your wealth no that's not what any of this is 8:03 about gone store value then there were three now I'm telling you there is another run that is happening on the dollar today and it really started after the financial crisis that became apparent to everybody in 2008 it really happened in 2007 but we all think of it as 2008 so these are the two large just buyers of our treasury bonds that's what the current run is about and they're selling them China and Japan the two largest buyers can you see that since 2012 they started selling them after the crisis but this is a modernday run on the dollar make no mistake about it people don't know how to look at it on a day-to-day basis we don't know but there it is there's 9:02 the evidence and all they can do about it is print more people think that I mean it's when they put the system in they knew that people marry the legal money of the state and they cannot help but think that it's going to regain some of its purchasing power but frankly it never does so when do you want to know about it when do you want to get prepared people also think well I'm going to know right before and then I'm going to be able to do everything quite honestly I personally have been working on this on some level my whole life but when 2008 hit I 100% knew that the system had died and so I've been working on my Mantra Food Water Energy security barter ability wealth preservation Community which is arguably the most important factor in this these days and shelter because these are all the things we need 10:01 to sustain a standard a reasonable standard of living everybody's lives are going to change when this becomes apparent no matter what you've done but you want to have and maintain a reasonable standard of living and you want to maintain your purchasing power so let's just take a look because what they want to transition us into is a digital surveillance monetary system so whatever little control we had even with the dollar bills in your pocket they don't maintain your purchasing power but they do maintain your principle well guess what in a digital system what the central banks are saying is there is no limitation to how low they can push those interest rates when you've lost all the purchasing power what's left it's called the principal so that's what they're attacking that's what the experiment was in 2009 those negative 11:03 rates and guess what didn't work but it doesn't mean they won't do it again we will see negative rates and it'll happen in the US it'll happen in Canada it'll happen around the world what are you going to do to prevent it and even the newer dollars that come out they're planning on putting a chip in it they want to know everything that you're doing they can do lifetime taxes and they can control you because if you're not spending your money fast enough they just push those interest rates down and you watch your principal evaporate so in this new system this is why I say that Bitcoin and cryptocurrencies are a trojan horse I'm not saying that they're not here forever right because I think that is the next iteration but what are you going to have to shift into it because what they've been working on since 2009 January 2009 is is adoption 12:00 do they have enough adoption maybe so how would they get that adoption they allow the price to go up what have they done with gold and silver they have suppressed the price by selling lots and lots of gold and silver that does not nor ever will exist but the cryptocurrencies they want you to participate so that it makes it easier to transition you into the new system it makes it seem normal and like nothing has changed when in reality everything has and let me show you what that looks like there's the digital Co dollar all right that they've talked about and this is programmable Fiat money Fiat is by decree so it's government-based money we don't really know exactly what's going to justify it in the current system more debt justifies it so go take out credit card loans car loans student loans 13:01 mortgages take on debt and that money is then loaned into existence but in this case it could be debt it could be transactions oh you're carrying all your wealth on your phone oh I see I want that boat I have this equity in my house I have lots of equity in my house big deal I'll buy a little boat and before you've know it you've spent all of your Equity right and who who are you going to blame if you made that choice even though you were nudged in that direction but what gold and silver do is it holds energy the digital currencies they use that energy up and I say that it that it holds its energy because it's used in every sector both gold and silver of the economy it allows fiscal respon irresponsibility I mean that's even cheaper and easier if there's no currency but even if there isn't it has chip in it very easy to create they push a button what do you have to do with the metals you have to mine them you have to process them it's a lot more work this takes no time and it is completely in their control because if you don't hold it you don't own it and you're not in control of it and you haven't read the contract they're the ones that write all the contracts no privacy we all know that they may say oh well we have to protect that look there's good and there's bad in everything do you trust the central banks to have your best interest at heart because what have they shown you that would lead you to that belief or the governments no history gold and silver have 5,000 years 6,000 year history as money this has not yet been tested now look I'm not saying you shouldn't do it you everybody's got to do what they're comfortable with what I'm saying is be 15:01 properly Diversified so that if this goes away if the stock market implodes when the Fiat dollar collapses you maintain your purchasing power but this currency only has two functions so out of the original [Applause] four because what they're talking about is having negative rates and if you're paycheck gets deposited into your account and it has immediately negative rates you're not even being fairly paid for your labor today let alone into the Future No store of value that's not what this is about it's your choice are you willing to accept that are you willing to accept that if you don't do what they like you don't say what they like all of a sudden you're cut out of the system 100% of the time you can convert this 16:02 into any currency at all so you can't avoid whatever the legal tender is of the realm but you can maintain your purchasing power until you need to use that other and if we come together in global Community let's have a choice let's have that new currency truly backed by 40% gold and the only way that you know something is truly backed by it regardless of what they blah blah blah say is you can pull that out at your choice you can convert it into the underlying asset this is particularly true because there's all sorts of asset back Securities that are coming out right well are they really because how can you prove it how do you take back your control you got to hold it to own it so the choice is yours we've got sound 17:03 money physical gold physical silver we've got Fiat debt-based money which is at the end of its life cycle because there's no purchasing power left so they're going to start to attack the principal we're going into I'm sorry a hyperinflationary depression because of this there's no other choice they have to burn off that debt and they do that by hyperin lating the currency into absolutely zero value as you saw in that original slide those are their slides not mine go on there you'll see the True Value into this next iteration I want sound money that performs all of those original functions then if I have to deal with any other kind of money I'm holding my purchasing power intact until that time 18:00 so regardless of what you're going to do if you're going to hold stocks or bonds or ETFs or annuities or cryptocurrencies these are all intangible assets every single portfolio needs a foundation in sound money and the way that we do it at Zang Enterprises is in layers right so that no matter what it is that you need to accomplish you have accomplished that this is what happen s to the spot price of gold and then ultimately to the value of gold when they reset when enough Confidence from the public is lost and they need to regain that confidence and you can see doesn't it all look the same I could put up a thousand charts they all look the same so they suppress suppress suppress the price but then when they need to regain your confidence they do those overnight revaluations right right there are strategies all 19:00 around that depending upon what your personal goals are what your personal circumstances are it is a layered approach so that no matter where we are in this trend cycle you are appropriately Diversified and you have a protected your purchasing power it's critical that we all do this because this is what happens but not ETFs not intangibles everything else all that other stuff is intangible I became a stock broker in the 80s and there was a huge push for assets in house and they paid me if I could talk you into putting your wealth into a house account because then they get to use your equity for their benefit let's let's take that benefit away from them let's do something that is truly completely outside of the system that is truly and completely above all central banks above all 20:02 governments here we are I we are just about a year old I believe on February 1st we will be one year old at Zang Enterprises even though I've been doing this since I was about four years old and I'm 70 right and we all know is at itm for over 22 years developing this strategy since 1987 and this is what we provide for you 20:28 and it's not just there's gold and then there's gold and there's silver and then there's silver what are you trying to accomplish no matter what you're doing it should always support your goals first so that's what we like to do we like to establish your goals and then help you build a sound money portfolio that supports them wherever we are in this trend cycle because this is a wealth transfer mechanism I don't know what a concept to 21:00 have the wealth transfer your way for a change instead of away from you and we can do it so simply just by converting this garbage Fiat into sound money and guess what if we can come together in a global Community we can have a peaceful Movement we can have a peaceful Revolution because I believe that everybody's job on this planet plan it is to share their gifts and their talents that's what I do that's why I do what I do and I've been working on this really virtually my whole life but if we can build this community because I am only one person and a lot of people out there will go well what can I do I'm just one person well one person can't do a lot against the government and the central banks they can't or the major corporations and it should be pretty apparent who's really running things these days it's the corporations and the 22:02 corporations will suck the life out of you they'll suck the money out of you because they don't really care how about doing a reversal how about we all come together and make a positive difference for the whole world [Music]

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