CryptoCurrency Is The End Of The World As We Know It...thank god
Gold and Silver bear time honored status as stores of value. But as currency gold and silver have all but lost both value and status in the Digital Age. Why? Because there is no free market in gold or silver.
The Futures Markets that determine gold and silver prices are known to be manipulated by bullion banks and the Fed in order to keep prices low for their clients, namely Publicly traded Tech companies, to keep production costs down and stock prices up.
Gold bug Gurus can speculate all day long as to why or talk on and on about what the actual price should be, but as long as the Futures Markets are manipulated there will be no price discovery.
For now, (no thanks to ‘legal tender’ law), you can go to a store or bank and get Face Value for your Saint Gaudens. What will you get for change? Not even a wheel barrel of fiat dollars.
Even supposing Bank manipulation is lifted and price discovery is allowed to take its course, hyperinflation will be rampant. Yea, holders of gold and silver will finally feel filthy rich... on paper.
With no way of exchange for goods and services, what will they use as money to buy necessities?
Assuming hyper inflation, (which is just dollar depreciation) tears through the economy, gold or silver won’t buy much of anything, regardless, because anything of practical value will have flown off the shelves.
Needless to say, priorities change in emergencies. Of what price is life or death?
Better to invest in freeze dried food while your dollar is still worth 98% less than it was in 1913...even a few cases of whiskey to bribe the neighbors out of eating your children!
Joking aside, the holy relic of Central Banking known as “money” (really a loan-at-interest) will at some point fail. But why wait? Crypt-Currencies and assets are well on the way to adoption as the 21st century medium of exchange, which shall replace fiat AND Central Banking as we know it.
Time to start revaluing gold and silver in Crypto?
Naysayers are wont to conjure a sense of doom with images of Electro Magnetic Pulse weapons in the hands of rogue nations and Coronal Mass Ejections destroying grid infrastructure. The former is logistically impossible and the later means we’d all be dead anyway...
Of course it’s understandable owners of gold and silver are upset because they are not able to get fair value in face of such bad news. A store of value is just that; a means to maintain value against inflation. It is not a medium of exchange. Oh of course, gold bugs will still hold their gold. Indeed, barring a 1933 style confiscation, they won't be able to get rid of it!
People won’t have gold ingots or grams to make change in a pinch unless the metals are on the blockchain.
A store of value does not a rich man make.
There will be a shake out of in the Crypto-sphere as well. But a few of the Crypto-currencies coming online will make the grade as highly liquid, valued mediums of exchange.
Furthermore, it looks as though the price of gold and silver tracking are stock and bond markets like they have since 2009.
In November of 2008 Congress signed onto TARP, (Troubled Asset Relief Program); ostensibly designed to buy up toxic debt, (which really only amounted to about $60 billion compared to the 700 billion issued). News sources like Bloomberg and CNBC reported the actual amounts paid out to member banks worldwide ranged from 18 to 40+TRILLION. One would think Gold and Silver would hit the moon! But no, they tanked with the everything else.
Web pages documenting trillions in bailout money disappearing have been scrubbed. See links to cached pages below...
No doubt Trillions have made their way to Swiss bank accounts, much of it used to buy up the Stock Market, Real estate and natural resources...that’s right, Banksters are buying up the world on the Taxpayer’s dime!
America is indeed Collateral for fraudulent Central Bank debt....
Article IV section 1 of the United States Constitution gives Congress authority, (with consent of the governed), to issue currency under the Full Faith and Credit clause. That is our collective signatureThe authorized currency is gold and silver, not Bank Notes, i.e. DEBT. All that changed when Congress ceded banking power to the Private-For-Profit “Federal” Reserve.
With TARP Congress inadvertently cut the Federal Reserve a blank check!
Apparently, it was a “Business decision” to bleed the country dry, reduce it to third world status, foment civil war and watch as the people go at each other’s throats?
So what is one to do? The financial gurus want your business. Guess what they're selling? Some resort to all kinds of fear mongering in order to trash the Crypto-revolution. The desperation is palpable.
Recent discussions at Davos show today’s power brokers completley taken aback by the massive utility potential of encryption and block chain technology; what they call "Disruptive technology" is music to Everyman's ears.
Can it be hacked? Everything else has...thanks to back doors built into software at the behest of Unkle Sam.
Think about it, we already live in a cashless society. Of course we want recourse to physical! Crypto keys can be printed onto a paper wallet for safe keeping and retrieval of one’s property.
Let’s not put it past Banksters and their lackeys to come up with a way to sabotage any alternative to their schemes. After all, they’ve used the power of Government to loot and destroy whole nations…
One thing we do know for sure; Banksters have unlimited means to flood the gold and silver Futures markets with sell orders to maintain gold and silver at artificial levels.
Crypto is unadulterated free market.
Special Interests will no doubt conjure up regulatory burdens in the name of “fighting terrorism and money laundering”, but Crypto-currencies are transparent, peer to peer, and to a greater degree incorruptible.
The choice is simple.
If you or someone you know is totally at a loss about Bitcoin, Etherium and other Crypto-Currencies and would like to learn more watch the following informative video:
[How Bitcoin Works, (by ebuy bitcoin)] [
There are hundreds if not thousands of Crypto ‘entrepreneurs’ online so, Buyer Beware.
Disclaimer: The author receives no remuneration from referrals unless otherwise noted.
Sources:
CNBC The Size of the Bank Bailout: $29 Trillion [http://www.cnbc.com/id/45674390]
Government bailout hits $8.5 trillion [http://www.sfgate.com/news/article/Government-bailout-hits-8-5-trillion-3183181.php]
Gold Rehypothecation and why it matters [http://www.washingtonsblog.com/2015/04/rehypothecation-gold-matters.html]
Gold and Silver: Lessons From Weimar Germany [https://seekingalpha.com/article/10885-gold-and-silver-lessons-from-weimar-germany]



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