Fiat destruction. Crypto or gold?
Gesara.news » News » Fiat destruction. Crypto or gold?News Date: December 26, 2020
The world stands on the threshold of monetary hyperinflation with the US dollar leading the way. The final months of fiat money are coming into view.
The final solution is bound to be with central banks and government treasury departments retaining their control as issuers of money by the only means at their disposal: deploying their gold reserves to back their currencies, not as fiat, but as credible gold substitutes.
The crypto cohort is likely to have an important effect, in that it sparks an early realization in a growing part of the wider population about what government is doing with money. That is likely to speed up the collapse of fiat currencies compared to what would otherwise occur.
The flexibility in the supply of monetary gold and the stability of prices allows the original rate of interest to be both low and stable. It allows entrepreneurs to do business calculations with a high degree of certainty, knowing in terms of goods the value of money. And savers, who provide the monetary capital for future production can be confident of the future capital value of their savings when lending them for business investment purposes.
Sources: kingworldnews.com, www.zerohedge.com
Paintings hanging in Buckingham Palace picture gallery have been removed for the first time in almost 45 years. Some of the paintings include works by Vermeer and Rembrandt. The palace is undergoing a 10-year refurbishment to replace dangerous wiring and ageing infrastructure. As part of this work, the 200-year-old roof of the picture gallery will be replaced.
Sources: www.youtube.com, www.washingtontimes.com
Trump is forcing the Federal Reserve to buy up all of the bad loans that are out there and own the debt under stocks through BlackRock's trading. This forces the Federal Reserve to hedge for the economy and not against.
If the Federal Reserve owns more than 15% of America's debt, it can play it safe and exit at any time, but if they owned, let's say 50%, their decision to keep this bad investment comes into play. Owning half of the largest economy's debt may force the Federal Reserve to either declare bankruptcy or ask to be bought out.
Currently, PayPal can be used as an alternative means for withdrawing funds from exchanges such as Coinbase, but this would be a first in terms of offering direct sales of crypto.
Too much physical demand now for paper system to accommodate;
Keeping mum about government intervention in gold market;
Spoofing trades by JP Morgan;
JP Morgan backed by ally who has infinite money;
Federal Reserve captured by financial industry;
Defeating the manipulators of the gold price.