The Rothschild family seems to be in panic mode this is why…

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America has gold - lot's of it. Fort Knox has a cool third of a trillion counted during the Trump audit of the US gold inventory.

Also, there remains all kinds of untapped gold in the ground in the USA, and especially up in Canada.

The problem, however, is there are so many US dollars outstanding, (several quadrillion worth,) related to the international use of the US dollar as the global reserve currency, if they try to back the currency, each ounce of gold would have to price at about just under $30 million per ounce or some similar such value.

Russia, China, and India, have tons of gold too, but they don't have the same degree of outstanding fiat currency. So if they move to a gold backed system, the amount of fiat per ounce of gold comes in at a much lower price.

Introducing a gold backed global economy would greatly enhance the value of Eastern currencies, and greatly collapse the values of Western currencies. Just about precisely the opposite of the current situation. American exports would be cheap, but imports unaffordable.

These other countries will no longer be selling to the West, but rather to themselves. Cheap Chinese product will be too expensive in the Western world, but suddenly quite affordable in the East.

America, etc, will be forced to rebuild domestic production from the ground up - and there will be hard times until they do.

As for the Rothschilds - they would have to crack open their gold vaults once again as their fiat wealth evaporated. They are well known gold hoarders, but so much more of their total wealth is based on over inflated corporate paper wealth. It is a serious loss of power for them, and central fiat banking over all. Lending in all forms becomes much more restrictive.

This move would also shatter the purchasing power of most Western held pensions, wiping out nearly all of the life savings of the middle class. The money would still be there, but the purchasing power of that money is destroyed.

Owners of real goods will still have that, including land. Real stuff increases in value relative to anything virtual. You can always trade hogs for lumber.

America has gold - lot's of it. Fort Knox has a cool third of a trillion counted during the Trump audit of the US gold inventory. Also, there remains all kinds of untapped gold in the ground in the USA, and especially up in Canada. The problem, however, is there are so many US dollars outstanding, (several quadrillion worth,) related to the international use of the US dollar as the global reserve currency, if they try to back the currency, each ounce of gold would have to price at about just under $30 million per ounce or some similar such value. Russia, China, and India, have tons of gold too, but they don't have the same degree of outstanding fiat currency. So if they move to a gold backed system, the amount of fiat per ounce of gold comes in at a much lower price. Introducing a gold backed global economy would greatly enhance the value of Eastern currencies, and greatly collapse the values of Western currencies. Just about precisely the opposite of the current situation. American exports would be cheap, but imports unaffordable. These other countries will no longer be selling to the West, but rather to themselves. Cheap Chinese product will be too expensive in the Western world, but suddenly quite affordable in the East. America, etc, will be forced to rebuild domestic production from the ground up - and there will be hard times until they do. As for the Rothschilds - they would have to crack open their gold vaults once again as their fiat wealth evaporated. They are well known gold hoarders, but so much more of their total wealth is based on over inflated corporate paper wealth. It is a serious loss of power for them, and central fiat banking over all. Lending in all forms becomes much more restrictive. This move would also shatter the purchasing power of most Western held pensions, wiping out nearly all of the life savings of the middle class. The money would still be there, but the purchasing power of that money is destroyed. Owners of real goods will still have that, including land. Real stuff increases in value relative to anything virtual. You can always trade hogs for lumber.

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