If everyone moves to gold and / or bitcoin, then their TRAPDOOR TECHNIQUE will not work
They need EVERYONE (or as many as possible) to be working in US DOLLARS in order for their great reset ('everything bubble burst') to work
Yes, bitcoin will be worth nothing if the dollar is worth nothing because bitcoin is evaluated in terms of fiat :US DOLLARS. What's a bitcoin worth if it's worth a million NOTHINGDOLLARS?
That said, bitcoin now has a direct non-stablecoin based ratio to other non-stablecoin cryptocurrencies; meaning scarcity to scarcity; and that's a coin ecology that can stay alive even if reserve FIAT collapses to zero
Goldbugs will often tell you that the price of gold has been pushed down by manipulation for years. I'm not knowledgeable enough on the issue to say how they've been doing it though.
They have been using the COMEX to issue paper gold certificates to increase the gold supply 100 times over, resulting in a significantly suppressed gold price.
These paper gold are share ownership of gold bars held in vaults, but its a game of musical chairs because there is much more paper gold than there is gold in reserve.
This is essentially the same situation in the US government before 1971 when the french called out that there is more dollars than gold to back it. Eventually leading to a run on gold and the dollar to split and become fiat.
If everyone moves to gold and / or bitcoin, then their TRAPDOOR TECHNIQUE will not work
They need EVERYONE (or as many as possible) to be working in US DOLLARS in order for their great reset ('everything bubble burst') to work
Yes, bitcoin will be worth nothing if the dollar is worth nothing because bitcoin is evaluated in terms of fiat :US DOLLARS. What's a bitcoin worth if it's worth a million NOTHINGDOLLARS?
That said, bitcoin now has a direct non-stablecoin based ratio to other non-stablecoin cryptocurrencies; meaning scarcity to scarcity; and that's a coin ecology that can stay alive even if reserve FIAT collapses to zero
The central banks know this
This is why they want to suppress gold and bitcoin (and other currencies they cannot regulate) and create their own
GAIA COIN
GLOBALOCOIN
GCOIN
COIN91
Goldbugs will often tell you that the price of gold has been pushed down by manipulation for years. I'm not knowledgeable enough on the issue to say how they've been doing it though.
They have been using the COMEX to issue paper gold certificates to increase the gold supply 100 times over, resulting in a significantly suppressed gold price.
These paper gold are share ownership of gold bars held in vaults, but its a game of musical chairs because there is much more paper gold than there is gold in reserve.
This is essentially the same situation in the US government before 1971 when the french called out that there is more dollars than gold to back it. Eventually leading to a run on gold and the dollar to split and become fiat.
Thanks! Though I had to look up what COMEX was, for anybody else, it's the commodity exchange.