By: Elena Grace Flores
[VIDEO]: The Strength of the US Dollar could be a sign for the return of the Gold Standard
The American Dollar is fiat money, meaning it has no wealth equivalent. It is only based on credit. The high exchange rate of the currency signifies the ballooning of loans. It is a type of loan that does not fully amortize over its term. Since it is not fully amortized, a balloon payment is required at the end of the term to repay the remaining principal balance of the loan. The end of it would be the return of the Gold Standard that PBBM is a symbol of.
Dollar Exchange Rate Difference
The selling or ‘ask’ rate is the exchange rate at which sellers within the MARKET are willing to SELL. The bid or buying rate is always lower than the ask or selling rate. The difference between the two is known as the spread. This is why Russia and China do not trade using US dollars anymore. They prefer cash, not credit payments to avoid losses in the conversion rates.
Philippine President Bongbong Marcos or PBBM holds the key to the wealth of humanity. These were the gold deposits of his father, the late President Ferdinand Marcos. So, the ringing of the bell at the New York Stock Exchange is a sign that a new currency system is about to happen.