U.S Dollar, Gold and Silver Hoarders Set to Benefit From a Crashing U.S Economy, Bitcoin a very risky bet during U.S downturn – March 25, 2021,

People are beginning to open up to what I’ve been writing about since December 2020, which is what to expect during a crashing U.S economy. What I’ve tried to explain to people, that in this fiat monetary standard, in which the U.S dollar holds the privilege of being the reserve currency, the U.S government will go bankrupt before the U.S Federal Reserve shows signs of stress.

The U.S dollars status of being the world’s reserve currency gives the Federal Reserve the current privilege of watching U.S currency destroyed. You can buy U.S currency outside of the United States, this is not true with most currencies. Most Forex traders, or currency dealers knowing there isn’t a demand for most of the world’s currencies, refuse to sell other currencies, because there’s a cost for hoarding a depreciating currency that nobody wants.

As an example, I’m a Canadian, if I travel, it’s in my best interest to purchase U.S dollars, because most people outside of Canada don’t even know what a Canadian dollar looks like. Not only do most people not know what a Canadian dollar looks like, it’s hard for most merchants to exchange goods and services for Canadian dollars outside of Canada.

This benefits U.S dollar hoarders IMMENSELY and as I like to point out the only entity that can destroy this privilege is the U.S Federal Government. Now, even pre-pandemic, Gold and Silver were a great bet in Canadian dollars, as was the case in most currencies, the price of silver and gold fell during the pandemic deflationary cycle, which is to be expected.

Because the U.S dollar has no relationship with Gold, via the Federal Reserves’ ability to print money, while the real economy deflated, the U.S dollar has given the world the illusion of stable prices. Unfortunately, this illusion is going to come to an end, primarily because of the Biden Administration and their dedication to inflation and raising the cost of living.

Jerome Powell, as I’ve been saying for months now, has stepped back from all responsibility. He’s stated he’s going to let inflation run red hot, which basically means he’s going to allow the Biden administration to call the shots. Donald Trump was the first U.S President I’ve heard publically call out the Federal Reserve for raising rates.

After Donald Trump did this publically, Jerome Powell has changed and quite frankly I don’t blame him, because as we all know if there’s an economic downturn all eyes turn to the white-collar bankers and the financial sector. Whether it’s the federal reserve, commercial banks, Hedge Fund Managers, etc. Once governments destroy an economy, they blame the financial sector, that’s how this works.

I’m pretty sure Jerome Powell after realizing the lunacy of Donald Trumps’ position on interest rates, decided to do things the safe way. Jerome Powell has become extremely dovish and it all makes perfect sense based on my own logic. Now what does this mean really, it means that when this U.S economic decline goes into hyperdrive, and… the U.S government is going to look to blame something.

The government can’t blame a declining Gold and Silver Price, commercial banks are regulated like crazy and don’t want to lend on risky bets, Hedge Funds are keeping what otherwise would be bankrupt pensions solvent and the Federal Reserve is extremely dovish? Who do you blame?

What’s left in this equation, Firstly is Bitcoin, which for the most part is reliant on the government for its mere existence. Being that Bitcoin is energy and grid reliant and perceived to be rising in value to Infinitum, it’s going to be under attack.

The 2021 U.S economy has Jimmy Carter written all over it. I like to remind people, that Americans didn’t really want Jimmy Carter to be President, Jimmy Carter was the beneficiary of the Richard Nixon Watergate Scandal. It wouldn’t surprise me if Joe Biden stepped down, it wouldn’t even surprise me if Kamala Harris stepped down and it wouldn’t surprise me if Hilary Clinton for President began trending.

I follow Joe Biden and it looks like he’s headed for a major fall, it’s not abnormal for U.S Presidents to step down, being that impeachment is being thrown around, it wouldn’t surprise me if Joe Biden were impeached. Why I say this is because once the economic downturn in the U.S is realized… I get it that Joe Biden wants to blame Donald Trump for everything, but nobody cares, Joe Biden is the president now and if the economy is in shambles and Joe Biden appears to be incompetent while leading, there’s enough dirt on Joe Biden to bring him down anytime the deep state wants. There’s a lot of dirt on Joe Biden, that in normal circumstances would destroy him.

I’ve personally observed that Kamala Harris doesn’t appear to be comfortable in her own skin, which is bad morale for the country, so don’t be surprised if a more polished Democrat President emerges from the wreckage of what I believe is about to begin as the U.S economy goes into economic free fall while the U.S dollar ‘surprisingly’ remains stable.

During economic hardships, I have to put the word out for Bitcoiners, that you’re going to get a lot of unwanted attention as a lot of the cheap money printing in U.S dollars went into fattening your pockets. If what I’m writing sounds ridiculous right now, don’t worry give it time!

Gold and silver have been deflating in price because that’s what gold and silver do during deflationary cycles. Again if it weren’t for the Federal Reserve this economy would be deflating BIG TIME. If the U.S dollar was backed by Gold, this economy would be deflating BIG TIME, if debt deferrals weren’t a thing this economy would be deflating big time.

I get that most people still base their financial ideology on fiat dollars, but I concentrate on bartering. Food and shelter are more important than Gold and Silver, if I and my children are starving, have no place to live, I’m selling my gold and silver for food and shelter. Do you follow me?

What’s going to happen however is that commodity demand is going to grow while the U.S dollar FOR AMERICANS loses purchasing power. Austerity measures are out of the question, so money is going to flow into government preferred entities, which rely heavily on commodities.

Countries rich in commodities know a devalued Dollar will make it harder for them to sell their commodities and what’s going to happen is countries are going to debase their currencies for the U.S dollars benefit, the problem with doing this now, is that via the higher cost of living and debt deferrals, the U.S consumer, for the most part, is broke, so the silver and gold price inflation that other countries had prior is going to hit America like a Mack truck!

You can’t hide productivity with fiat dollars and fiat dollars are only modestly tied to productivity, fiat dollars for the most part are tied to government spending. Being that the U.S dollar is exported, people with U.S dollars outside of the United States during the next cycle will enjoy those U.S dollars in most cases better than American consumers will.

Although there are believers in a UBI, the problem with a UBI is that prices for U.S consumers will rise, because the cost to produce things in the U.S is going to get higher and higher with the rising cost of commodities, which Americans, via the Biden Administration have decided is okay to save the world from climate change.

Interesting times ahead!