Bitcoin replacing Gold as the market Tells The U.S Federal Reserve and Central Banks Worldwide – We Don’t Need You! – June 24, 2019,
Well, as I’ve been writing for years, although I’m not a fan of digital currency, the reality is I love what the investors in cryptocurrencies have been doing to grow their currencies infrastructure. I’ve been hearing about Gold Bugs saying we must return to a Gold Standard for years, but a vast majority of them refuse to invest in a Gold Backed Currency infrastructure, Why? Because they don’t want to deal with the Labour Unions that force the cost of mining up, furthermore I’m sorry, if there’s a gold standard, I’d much rather barter, it’s because our public school system revolves around socialism and Keynesian economics why most of the youth assume that Fiat money or any money for that matter will make you a wealthy person.
No, to be wealthy, you need to have the mind of a wealthy person, you must know what an asset and liability are, you must understand the importance of property rights and having respect for another person’s property. You also have to at the very least comprehend what individualism is. Sure, you can be a collectivist minded moron if you want too, but in order to be a wealthy person, you must be able to comprehend the concept behind individualism.
Is Bitcoin replacing Gold
Now, how the aforementioned corresponds to Bitcoin and the cryptocurrency community is that the market is sending Central banks a very clear message, and that message is: We don’t care what you do, we’re going to make sure your central bank fiat money is going to be considered dumpster cash in not so distant future.
Why hasn’t gold exploded, to the level of Bitcoin? What’s the real reason? The purpose is because Gold and silver are surrounded by labor unions, labor unions have a serious impact on the price of gold and if Gold or silver rises too high it will grind the world economy to a halt, and again, Gold and Silver are convenient forms of barter, I often think people forget that under gold standards historically, it was used primarily as something to save, so when you’re old you can maintain your standard of living as your purchasing power would have remained intact.
But in regards to trading, people used all types of barter, this is part of the reasons why Germany was one of the first countries to adopt a fiat currency model (that crashed of course) which in time the United States embraced also. If you know about the United States and its history of money, it had money backed by all sorts of things, not just gold. Gold was a SAFE haven but people didn’t want to do all their trading in it. Gold and silver to a wealthy person are their retirement plans because it’s a very liquid asset, but humans historically want faster trade, which is why there was an actual demand for a fiat currency system.
With that said, the central banks of the world are pushing their powers to the limit, the market is clearly saying raise interest rates, however, it’s the fiduciary duty of these large companies to do what’s in the best interests of the people and entities they represent! In short, what this equates to is the market appearing to react favorably to news that there’s a rate cut coming. But make no mistake about it, everybody knows what’s going on and the re-emergence of Bitcoin is a clear sign from the market that the Central banks of the world better be extremely careful with what they do with interest rates.
This is not a game, this is a clear warning sign, this is a clear symbol of resistance and if Jerome Powell, ever makes the mistake of lowering interest rates because of the pressure Donald Trump is putting on him, there will be hell to pay. Also, don’t assume that the same people who might vote for Donald Trump in the upcoming election won’t be the same individuals that cause the coming economic crash that I’ve been talking about will happen during Donald Trump’s second term. The renegotiation of debt is coming, I just think Trump is the best person to handle it, but make no mistake about the renegotiation of America’s debts will be the new buzz word in the years to come.
This is why I say if Jerome Powell is smart to let the interest rates rise all the up to 6% let the whole system readjust. There isn’t as much money out there as people think, most of the money in circulation is digital, this is what people aren’t understanding about Bitcoin, Bitcoin isn’t as inflated as the central bank currencies. The central bank currencies, for the most part, are being fueled by consumer debt, and yes, that’s basically it, you remove consumer debt and a lot of these entities that have their entire wealth based on the derivative market and you get back the semblance of a free enterprise system based on Individualistic market fundamentals.
Am I making it sound easier than it really will be? Of course, I am, but this is the perfect time to lower the cost of living and get rid of many of these bloated government programs. I always talk about Labor and workers unions, why? Because they’re the ones primarily responsible for the ballooning for global debts and Trump knows this, but he’s in Lion’s den, by choice, and the market is slowly realizing what I’ve been saying for years, the crash would best happen under Donald Trump’s watch because he’s dealt with billion-dollar bankruptcies before.
Yes, I know you poor Trump supporters don’t want your beloved president to pay for something he inherited, I get it? This might even help the moronic socialist, I get it, I hate collectivism myself, but most of Republicans strayed from individualism years ago and they all must answer for their deceit, Trump has lied, he’s talked about keeping entitlements? Has he gone mad? the entitlements are the problem, look at our standard of living in the western world, we have obese poor people, we have people on welfare who make more money than people who actually work for a living, this all revolves around this concept of taking from one group and giving to another group.
The middle class is financing the lifestyles of the rich, this unsustainable model has to be destroyed, it will be destroyed and because there’s no infrastructure in place for a Gold standard monetary system, it appears to me that Crypto-currencies are onto something, it’s not to say the future is crypto or blockchain digital money, but the central banking model will be threatened with collapse if they don’t put integrity back into their money.
