For all the gory details on how 'DRM' Distributed Representative Money MIGHT WORK go here
Are you ready for the return to the Gold Standard?
Up here in Canada we aren't. We have none.
In the USA there are big gold questions too, still unanswered of where and how much gold is in America. Fort Knox Audit anyone?
Representative Money? What's that?
It's what we used to have, before Fiat, when we were on the gold standard:
A bit of Grok to clarify:
Differences Between Money and Fiat Currency
While fiat currency is a subset of money, there are key distinctions between money in general and fiat currency specifically. These differences primarily revolve around their backing, supply control, and the trust they require:
- Source of Value
- Money (General): Money can have intrinsic value if it’s commodity-based (e.g., gold coins valued for their metal content) or representative (e.g., paper backed by gold). Its worth depends on the material or asset it’s tied to.
- Fiat Currency: Fiat currency has no intrinsic value; its worth comes from the authority and trust in the government that issues it. For example, a dollar bill is valuable because the U.S. government says it is, not because the paper itself is inherently precious.
Hmm are we clear? Likely not quite.
Distributed Representative Money "DRM" in both Crypto and Paper+Coin form designed to be EMP Proof is a NEW opportunity for the Cryptosphere and re-make chance for Banks and 3D Printer Vendors to get a first mover advantage into the world of DRM backed by gold.
Consider #Stellar and #XLM as a PoC system that is somewhat close to this "DRM" without the ability to be EMP Proof and support 3D printing of Paper Certificates/Bill and even 3D Print of Coins.
XLM supports different asset classes and sub-classes, which is what DRM will need to look like to function, where all assets are backed by Hard Stores of Value one to one, the difference being DRM will have no gateways to Fiat and no political affiliations with WEF.
Let me see, Russia is Ready, China is Ready, India is Ready, Saudi Arabia is ready, Iran is Ready, for the return of the King, GOLD.
The rumor is the USA might be ready to back the US $ with gold to enter a multi-polar world of fair trade, the deal is on the 47th's desk, all that is required is the world bond, stock and derivative markets take a 50% haircut and gold gets re-priced 2X higher.
As for the other countries without gold positions or minimal gold, they will need to lease their gold to back their currencies or otherwise back their currency with other near commodities other countries value or need. For Mexico, it will be silver.
For Canada the bounce back of Silver with the return of Gold might be the right way to back the currency given the last 10 year disasterous GDP growth putting Canada last behind the Western and developing countries growth.
Expect the 47th to dismantle the Central Bank Network worldwide? Likely 80% imo. Bye Bye BIS, SWIFT and IBAN.
If you are of modest means, time to stack some more silver, that has the biggest upside, it's never too late.
TK over and out.
