➡ If the value of treasuries (future promises for gold notes) drops, banks can collapse, causing a loss in purchasing power and making people poorer. This is similar to a bank run, where a bank doesn’t have enough money to cover deposits. If this happens at a central bank level, it means the bank doesn’t have enough gold to cover the dollars, leading to a loss of money. The article suggests that if gold is revalued, the entire price system will change quickly, pulling purchasing power from dollars and other currencies into gold, which could also positively affect silver.

Third bullet point. Gold, on the other hand, is a real thing you can pick up and look at and hold and throw at people. Don’t do it, kid. Never had a choice. Hey, guys. Rafi here from The Endgame Investor, and today we’re going to talk about a king who has a palace so high up in the clouds that the king can see all of creation, but that’s not high enough for him. He wants to go above the clouds, so he tells his advisors to go procure more material to build his palace even higher. His advisors tell him, warn him, that there is no more material to build with, and so the king has a great idea.

He’s going to take the very foundation of his palace, hack it to pieces into little bricks so that he can build another floor to his palace so he can see above the clouds. And so he did. The best part was where the buildings fell down. The treasury is gold, from $42.22 an ounce to the market price of around $3,000. Now, I believe it’s now about $3,040 or something. It keeps going higher and higher every day. This is the sound, the footsteps of hyperinflation. But anyway, the Fed will reissue gold certificates and print the difference and hand it to the treasury from $42.22 an ounce to $3,000 an ounce, which will net about $800 billion.

Now, the Austrians, the Austrian school of economics, believes in the monetary regression principle. And by monetary regression, the real price matrix is in gold ounces and not in US dollars. The dollars are only a derivative of gold. They only represent gold. Everything is still priced in gold ounces at $42.22 an ounce. Marking that gold that is represented by those notes called dollars up to market value of about $3,000 will alter the entire price matrix and cause nearly instant hyperinflation. Would it take a few days, a few weeks? Yes, but not much longer than that. Let’s get into the slides and I’ll explain why this is what is going to happen.

And this is going to be, if this passes and gold is actually revalued, the dollar is actually devalued relative to gold, then the positivist theory of the Austrian school that all prices are actually denominated in gold ounces and not in dollars, this will be the ultimate test of that theory. I know the theory is correct because the Austrian school is a positivist school that operates on logical principles going back to first principles layer by layer by layer. It is not an empirical school, but this would be the most obvious empirical test of Austrian school theory.

And though I know that it’s right, most people don’t believe me until they see an empirical proof of these principles. We’re about to get it if the Bitcoin act actually passes. And before we get into the slides, this video is brought to you by my sub stack, the end game investor at sub stack. You can click the link in the description below to read the article for free on why we never left a gold standard. It was my first big philosophical piece on the sub stack. You can read the whole thing for free. This video is also brought to you by Miles Franklin, link in the description below.

Buy your gold and silver with them and mention the end game investor. You can also get a dirty man safe. Use the code end game 10 at checkout for 10% off to support this channel. Gold is going up every day. We’re all running out of time. If you’ve been thinking about these options and you haven’t pulled the trigger yet, now would be a good time. Yesterday, you said tomorrow. So just do it. Make your dreams come true. Just do it. Now would be a good time. So gold reevaluation really dollar devaluation in the Bitcoin act, a bill.

To establish a strategic Bitcoin reserve and other programs to ensure the transparent management of Bitcoin holding to the federal government, you’ll see that the Bitcoin aspect of the Bitcoin bill is completely irrelevant to the dollar at all. And I’ll explain why this act may be cited as the boosting innovation technology and competitiveness through optimized investment nationwide act of 2024 or the Bitcoin act of 2024 section 12 or whatever that 12 means says Federal Reserve System gold certificates. Not later than 180 days after the date of enactment of this act, the Federal Reserve Bank shall tender all outstanding gold certificates in their custody to the secretary.

Not later than 90 days after the tender of the last such certificate, the secretary shall issue new gold certificates to the Federal Reserve Banks that reflect the fair market value price of the gold held against such certificates by the treasury. As of the date specified by the Secretary Secretary on each new gold certificate upon issue by the secretary, each Federal Reserve Bank that receives a new gold certificate shall remit the difference in cash value between the old and new gold certificates to the secretary for deposit in the general fund within 90 days. What this means is that the Fed will print about $800 billion and hand it to the Treasury as the revaluation of its gold certificate account takes place.

But really, it’s not the gold that is being revalued, it’s the dollar. This is a possible timeline that I found on Twitter or X. It’s plausible. We’ll see. I don’t know if anyone understands in the Trump administration what gold is and what the dollar really is. So as far as I know, this is possible. I still think it’s unlikely, but a lot of unlikely things have happened these past two years. So I don’t really count anything out anymore. If this timeline is correct, the dollar will absolutely die this year. I don’t know if it’s correct. This is just something I found.

So it says here, stage, estimated date, bill introduction, March 11th, 2025. It’s already been introduced. That happened. Senate committee hearing, early April, 2025. Senate committee vote, mid April, 2025. Senate floor vote, late April or May. House committee action, May, 2025. House floor vote, mid June, 2025. We’re looking at here a chart of the CPI inflation rate of the 1930s around the time when the last devaluation of the dollar happened in 1933. You can see here we went from about negative 9% inflation, meaning price deflation of 9% annual at the time in April, May, 1933, when the revaluation took place from $21 to $35, which was a devaluation of the dollar by 66%.

And we went from 9% down deflation to about 6% up. And this price inflation lasted from 1934 to 1938. Now that was only a 66% revaluation of gold or devaluation of the dollar relative to gold. This, a mark to market to $3,000 from 4222 would be 7,000% or a factor of 100 times greater than what happened in 1933. So what do you imagine prices will do then? This is not a proof of anything. This is an empirical argument because I realize empirical arguments are more convincing to most people. So I don’t need empirical arguments to know that the price matrix is in gold and a revaluation of gold relative to the dollar or a mark to market to $3,000 would send all prices skyrocketing in dollar terms within weeks, possibly even days.

Now here is the argument. The dollar is still a note for gold. Excuse me, I’m trying to squish it into one screen here. So first bullet point, due to the Misesian regression principle, which states that all prices must be connected to the past in order to convey any economic information. The only reason you know what to do in the morning is because you know what prices are and you knew that from yesterday and so on and so forth since the price matrix began as gold and the dollar replaced it as a derivative. So due to the Misesian regression principle, gold is still the price matrix.

The rest of the pyramid is on top, affected by the base of that pyramid, which is gold ounces. The dollar, second bullet point, is an imaginary chimerical fiction for the purposes of gold accounting. You can lie about how much gold is represented by a dollar and the market will be affected by that lie until that lie is revealed and everything changes. Third bullet point, gold, on the other hand, is a real thing you can pick up and look at and hold and throw at people. It is a real actual physical thing and therefore it is the money and the dollar is only a representation of it.

If you alter the gold base of the pyramid upon which we all exist since 1933, when that base was revalued from 21 to 35, everything on top of that, the entire price structure, is resting on that gold foundation. If you alter the gold base, everything on top of the base changes pro rata. It doesn’t do it within a millisecond. It takes a little bit of time for the markets to adapt to it, to adjust to it, maybe days, maybe weeks, but no longer than that. That means, next bullet point, treasuries collapse. What are treasuries? Treasuries are promises to pay in dollars which are promises to pay in gold.

That means treasuries collapse in value, interest rates skyrocket and all banks that hold these future promises for notes on gold which are treasuries collapse in a smoldering heap. Another way to look at it, a bank run, is when the bank does not have the dollars to cover your deposits. Deposits are derivatives of paper dollars which are derivatives of gold. You therefore in a bank run lose your dollar, lose your purchasing power and you are a lot poorer. But if you move it up one level to a central bank from a regular bank, a central bank run is when a central bank does not have the gold to cover your dollars and therefore lose your gold.

If you lose your gold in a central bank, you lose your money. It’s all the same thing, just one level up. When a central bank run is happening, it’s when the currency itself collapses. You don’t lose the physical dollars. You lose the representation of gold that they once represented and therefore you lose your purchasing power. If you believe this is just an accounting gimmick, that it doesn’t matter if gold is $42.22 on a balance sheet or $3,000, what’s the difference? It’s all just a gimmick to print $800 billion so they can spend it on Bitcoin. Ask yourself this question.

If gold is not money, if the real price matrix is not gold ounces but rather dollars, then why does the Fed maintain an absurdly obvious fiction on its balance sheet? Why don’t they just say, well, the gold is $3,000 an ounce now so here, Treasury, here is your hunk of dollars. Enjoy your Bitcoin. Enjoy cracking up the foundations of your entire monetary system in order to add another layer on top so you can see above the clouds and watch what happens to your palace. The answer is because gold is the price matrix, because everything is priced in ounces of gold through a derivative called a dollar.

Now, people have asked me, what if they don’t buy Bitcoin with these dollars? My answer is it doesn’t matter what they buy. They don’t even have to buy anything. It’s not a question of the money supply adding 800 billion units to it. That doesn’t really matter that much. The money supply is already like 23, 24 trillion or whatever it is. Another 800 billion is not going to cause prices to triple quadruple quintuple in a few weeks. The issue is the revaluation of gold itself. Once the fiction of 4222 is admitted as a fiction officially, the entire price matrix is going to change very quickly.

All of the purchasing power for all of the capital on the planet is going to be sucked out of dollars and all of its derivatives, which includes every other currency on the planet because the dollar is the reserve currency of the world. And all of that purchasing power will be vacuumed into gold. And if the gold to silver ratio is even maintained at 80, 90 to one or whatever it is, which it will be even in the worst case scenario, silver will move up pro rata with gold. And in the event this actually happens, and I believe that ratio will finally head towards 15 to one.

So yes, silver holders are safe. If there is a gold revaluation, silver will also be affected even more so. And so I hope this bill passes. We can rip off the Band-Aid and get to the end game statutorily. I still doubt it’s going to happen, but we have the bill. It’s been submitted. Now it’s got to get through committee. And if it does, and that accounting fiction is erased, the end game will be here within a matter of weeks. And so I say, you want to test out this theory, Congress? You want to see if we’re right, if the Austrian school is right, that everything is actually priced in gold ounces.

And the Misesian regression principle is iron law, then pass this bill and revalue the treasury’s gold market to market and see what happens. What are you waiting for? Do it! Just do it! I already know what’s going to happen, and I’m excited for you to see it in the flesh. And now, when surgery goes wrong. All right, sounds good. [tr:trw].

See more of Rafi Farber on their Public Channel and the MPN Rafi Farber channel.