I think there is a chance that the US government may about to once again create the greatest
wealth heist in history.
The previous one being in 1971, when Nixon stole the world's gold reserves.
After World War 2 the US dollar became the global currency.
Almost every nation's currencies were backed by US dollars, instead of gold, as US dollars
were transferable into gold.
But dollars are a lot more fungible than gold, along with other benefits, one being transportation,
gold is really heavy.
COMMUNISM But America had to fight communism, by any
means necessary.
We had communism take over the USSR, then Mao in the communist party of China, it was
spreading throughout the world, and was making it's way to Vietnam.
It wasn't just Vietnam though, as the Soviets were also showing off how amazing communism
is, and that they can actually launch satellites into space.
Then people.
The space race was on.
Of course it didn't take long until we discover about 100 million people died of famine under
communism regime, mainly through Mao and Stalin.
Eventually China did discover that free markets were much more prosperous for citizens.
In 2001 China entered the WTO, and we saw the biggest reduction in famine ever.
Between the Vietnam ward, and a mission to the moon, well the government got through
quite a bit of cash.
It started to make some of the other nations think, how is America paying for all this?
Are they maybe using our gold?
They wanted to claim their gold.
I believe France actually had a massive ship in New York, ready to collect gold.
But then Nixon says all bets are off, you can't have your gold, we are going to keep
it, tough luck.
The world enters massive inflation, but what really happened is the value of the dollar
just dropped out the market.
It just became a fiat currency, and dropped all the way down to the value that the people
place on a dollar, when it is only backed by the faith of the US government and nothing
more.
RESET America got to reset the currency, paid for
with all international gold.
However, the rest of the world, still had US Dollars as their reserves, despite it no
longer being backed by gold.
On top of that, the US could still print as much money as they wanted, without any input
from other nations.
In other words, every time the FED prints money, it dilutes the value of a dollar, for
all holders, whether in the US or Cambodia.
Except only the US government benefit from the printing, as they get to choose where
to spend it, as they printed it in the first place.
They also spend it at full value, before said spending deflates.
Yes, this is very unfair for the rest of the world, but wow, what a deal America got.
On top of that pretty much after it stopped being backed by gold, it went to being backed
by oil anyway, due to the petrodollar.
Wow, another amazing score for the US dollar.
No wonder it's such a wealthy nation.
INFLATION But America kept printing to get through each
crisis.
The global financial crisis was a big one.
I took a long time to recover from that, even with the inception of the smart phone industry
to boost the economy.
We were just about recovered, before the pandemic hit.
It was the pandemic that created this insane money supply, with so much additional debt,
and low interest rates, and extreme monetary policies, for extreme circumstances.
The level of spending was a really hard thing to judge, and they overshot, but probably
better to over shoot than under shoot, if the it potentially means your citizens/customers
may face famine.
But they printed too much, and we still have low interest rates, and now we are seeing
the side-effects, with inflation creeping up ever so fast.
This was inevitable, as I was saying it literally all last year, well here it is, and it's not
going away.
How do we fight inflation?
We raise interest rates, it's that simple, raise them to whatever they need to, just
like we saw the chairman of the federal reserve, paul volcker, do in the 80s.
We were up around 20% interest.
It worked, it forced a necessary recession and saved the currency.
Right, and we are already hearing about rate rises.
Except they are talking about a quarter of a percent here and there.
1/4 a percent, not 20%.
Even after such rate hikes, then we are still historically low, at rates that are usually
at a level to stimulate an economy not slow it down.
The FED can't raise rates though, as eventually the government will also have to pay interest
on their national debt.
If rates are raised even to something as high as 2%, it's ridiculous at how far off the
government would be in its ability to afford that interest.
The only way to pay for that interest, would be to borrow more, getting further in debt,
more inflation, rinse repeat, until the currency hyper inflates.
Thus ending the US Dollar.
You also have to wonder what other nations are thinking the way the US is treating the
dollar.
They don't want their reserves to go into hyperinflation, I mean it's trillions of dollars.
In times like this, usually I would say these nations would build up their gold reserves.
Transferring US dollars reserves into gold.
But the world is not the same.
We have also tried gold before.
We have a new improved gold now, cyrpto currencies, well only Bitcoin.
BITCOIN The thing is, the US still has the reserve
currency, and can print it into oblivion if they so choose.
It is inevitably over, they know this, but there is still a little bit of gas left in
the tank, before inflation really takes control of the currency.
The Fed are able to take all the remaining value in the dollar, and transfer it into
something else, like Bitcoin.
Except if they do, it will mean they no longer have a currency they have any control over.
No more monetary policy.
This is their last savior of having some currency.
https://www.cbsnews.com/news/cryptocurrency-biden-executive-order-digital-dollar/ Of course Biden is on the ball as usual, and
is only now issuing an executive order for a digital dollar.
I think this is what we call too little, too late.
At the end of the day it's up to everyone what currency we use anyway.
It's your money, your wealth, your net worth, you want to put it somewhere secure, safe,
and reliable, that you have control over and wont inflate or depreciate.
Are you going to trust a fly by the night crypto currency, or an established, reliable,
trusted, proven crypto?
Trade your fiat dollars in for a digital dollar.
Or use the fiat currency to buy bitcoin.
But what if the BTC starts going vertical before then anyway.
What if other nations don't want to transfer their dollars to digital dollars, with no
proven value, and returning the global reserve currency to the US government.
You don't know what the value of that currency will end up, when it floats.
It is incredibly difficult to float a new currency.
But a reserve currency, well that feels like that thing they do when they pull a table
cloth off really quickly, and all the plates and silverware remain in the same place, except
they have to do that, and then put the cloth back again, again without moving the plates
and silverware.
US BUYING BITCOIN The US could just buy up all the Bitcoin they
could, printing and printing US dollars until the currency has gone.
Something like one bitcoin would equal about a billion dollars.
But equally one pound sterling might also be worth $10,000.
Although Bitcoin surged, it was also the end of the dollar we are collapsing.
Just a side note, I think this might be about the same time I exercise my LEAPS - wow LEAPS
were an awesome investment in hyperinflation, something I did mention back last year.
Ok, so if the US government did this, it would mean they have stolen all the value from all
the dollars from every nation, organization or individual holding US dollars.
The Fed has this power, it always has, and right now it's starting to feel like, all
bets are off.
But this is America, they wouldn't do that would they, well not again?
Right, again, like I said, the government stole all the global gold reserves already,
of course they wouldn't steal all the dollar reserves too.
For the record, I love America, I love what America was built on, I have even lived their
for 2 years and visited over 40 states.
I have studied the history of the country relentlessly, more than any other nation.
I am for everything America was founded on, and the constitution.
But this is not America, this is the over inflated government, who have become far too
fat, and can no long afford to support itself.
In 1913 the US Federal Reserve Bank was set up, it was Chase Bank, which is the Rockefellers,
JP Morgan, and the Warburg banking family.
I am sure we have all heard enough conspiracies associated with this bank, but I am not sure
if the Rothschilds actually were actually a part of it.
This was the seed that allowed the government to grow into what it has become today, giving
them control of the treasury, and here we are today, with an unconstitutional currency.
Once the dollar dies, and we move to BTC, it means that monetary policy once again returns
to the people, as it as intended, except in a way that was never conceivable.
If the founding fathers of the US had Bitcoin back then, you can guarantee that Bitcoin
would have been the currency.
Jefferson would have been one of the biggest btc maximalists.
SUMMARY Be prepared out there, we are at the precipice
of a new world.
It is plainly clear that fiat currencies are gone.
And a US Dollar crypto, is just another disguised fiat currency.