EPISODE · Oct 13, 2023 · 44 MIN
Preparing for the Financial Reset
from Moments of Grace Podcast · host Dr. A. Jerome R. Butler
Podcast Notes Fiat money started to predominate during the 20th century. Since President Richard Nixon's decision to suspend US dollar convertibility to gold in 1971, a system of national fiat currencies has been used globally. The US Deficit was 232 billion in 1971 Since 1980 the us debt is 151.01 Trillion Dollars in Debt. We have 4.96 Trillion in assets According to Truth in Accounting Each Tax payer portion of the debt is 952,000 BRICS is a grouping of Brazil, Russia, India, China, and South Africa formed by the 2010 addition of South Africa to the predecessor BRIC.[1][2][3][4] The original acronym "BRIC", or "the BRICs", was coined in 2001 by Goldman Sachs economist Jim O'Neill to describe fast-growing economies that he predicted would collectively dominate the global economy by 2050.[5] The BRICS nations encompass about 27% of the world's land surface and 42% of the global population.[a] Brazil, Russia, India, and China are among the world's ten largest countries by population, area, and GDP (PPP), and the latter three[citation needed] are considered to be current superpowers, or potential emerging superpowers. All five states are members of the G20, with a combined nominal GDP of US$28 trillion (about 27% of the gross world product), a total GDP (PPP) of around US$57 trillion (33% of global GDP PPP), and an estimated US$4.5 trillion in combined foreign reserves (as of 2018).[7][8] Gold in 1971 was 30.00 ounce and in 1980 it rose to $500.00 Gold today is 1887.00 The Royal Mint or Goldcore the jewellers, Spend gold at apps like Tally and Glint Sponsor by: www.tradeacademypro.com Ministry: www.graceproject.info Host: www.drajrbutler.com
What this episode covers
Podcast Notes Fiat money started to predominate during the 20th century. Since President Richard Nixon's decision to suspend US dollar convertibility to gold in 1971, a system of national fiat currencies has been used globally. The US Deficit was 232 billion in 1971 Since 1980 the us debt is 151.01 Trillion Dollars in Debt. We have 4.96 Trillion in assets According to Truth in Accounting Each Tax payer portion of the debt is 952,000 BRICS is a grouping of Brazil, Russia, India, China, and South Africa formed by the 2010 addition of South Africa to the predecessor BRIC.[1][2][3][4] The original acronym "BRIC", or "the BRICs", was coined in 2001 by Goldman Sachs economist Jim O'Neill to describe fast-growing economies that he predicted would collectively dominate the global economy by 2050.[5] The BRICS nations encompass about 27% of the world's land surface and 42% of the global population.[a] Brazil, Russia, India, and China are among the world's ten largest countries by population, area, and GDP (PPP), and the latter three[citation needed] are considered to be current superpowers, or potential emerging superpowers. All five states are members of the G20, with a combined nominal GDP of US$28 trillion (about 27% of the gross world product), a total GDP (PPP) of around US$57 trillion (33% of global GDP PPP), and an estimated US$4.5 trillion in combined foreign reserves (as of 2018).[7][8] Gold in 1971 was 30.00 ounce and in 1980 it rose to $500.00 Gold today is 1887.00 The Royal Mint or Goldcore the jewellers, Spend gold at apps like Tally and Glint Sponsor by: www.tradeacademypro.com Ministry: www.graceproject.info Host: www.drajrbutler.com
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Preparing for the Financial Reset
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