If banks love gold so much more than Fiat, why did they create a fiat system that was designed to overtake gold as payments settlement?
Why haven't they all gone back to it?
Bankers control the world. They buy politicians, laws, and propaganda. They can buy anything they want and they certainly will buy what keeps them in power.
Why was a gold and silver paper market in the 80s created to control the price of these precious metals?
What you're reading is dogshit. You're missing the forest for the trees.
The only reason the central banks are buying up gold now is because they know the world economy is mega fucked so they are now buying what will keep them in power until they make a new currency they'll try to force on everyone.
When the world economy is not mega fucked, they'll be pushing a currency that they have more control of that keeps them in power.
If banks love gold so much more than Fiat, why did they create a fiat system that was designed to overtake gold as payments settlement?
I've addressed that - both gold and fiat (as well as CBDC) are tools in their toolkit and serve different purposes. People will never hold enough gold to make a difference. I guess it's the same with all money and it makes sense since we know (((who))) is hoarding it for hundreds of years.
What you're reading is dogshit. You're missing the forest for the trees.
It's only the best, most well researched book on the Fed by a conspiracy legend.
Again, I'm not saying fiat money is better than gold, I'm saying it's a false dichotomy and the gold standard is not a silver bullet for escaping the usury based system created by the central bankers and I supported my claim with historical facts - "the bad guys" wanted the gold standard at least in the wartime period. It's not a black and white dialectic.
The only reason the central banks are buying up gold now is because they know the world economy is mega fucked so they are now buying what will keep them in power until they make a new currency they'll try to force on everyone.
It's not megafucked to them, it is just as they steered it to be. They want degrowth circular economy with unparalleled control of all money and that's where we're heading. You're making it seem as if they're scrambling not knowing what's going on. They know, they've planned it for decades if not centuries.
Crypto is not a toolkit of the fed. It can only start becoming a toolkit when the government mandates what crypto can and can't be used.
You and I and anyone else can make a crypto. You are just ignorant of how crypto works. The Fed doesn't control crypto.
The free market runs crypto. Big Finance has many pumps and dumps into crypto and that's to fog things.
The crypto that gives you the most freedom will win out. The crypto that can be used by billions everyday will win out.
The people can choose what crypto gives them the most freedom by buying it. The people can choose what crypto to transact with.
Do your research on crypto and learn what is going on with it because you obviously don't understand that you can copy other crypto source code and improve on it if you see that it needs improvements.
All crypto is downstream to BTC - if it fails, everything else will follow. As with all money it hinges on trust and recognition. Do you know who holds the majority of BTC? Who is Satoshi Nakamoto? You don't even know who developed it (it was most likely DARPA) let alone who really controls it. I know how it works and what it is as I said I hold some BTC.
For now most of the money is in BTC. The only crypto worth investing long term is one that will be used by billions of people. Bitcoin will NOT be able to be used by billions of people. Lightning Network has many flaws and they will not be fixed. The 5 developers that control the bitcoin codebase have already made their stance to set a limit on Bitcoins capacity.
When the crisis comes where everyone will need use something outside their countries currency to conduct business (because their currency will be too volatile or hyperinflating), that will be the testing ground for crypto, not this bullshit small fry game we are playing in the market right now.
Crypto is NOT controlled by the Feds, the people have the power to choose what crypto they will conduct business in. The people will choose the crypto that gives them, the individual, the most power.
You miss the forest for the trees my friend, do you even get why Cryptos even began as an investment opportunity?
If banks love gold so much more than Fiat, why did they create a fiat system that was designed to overtake gold as payments settlement?
Why haven't they all gone back to it?
Bankers control the world. They buy politicians, laws, and propaganda. They can buy anything they want and they certainly will buy what keeps them in power.
Why was a gold and silver paper market in the 80s created to control the price of these precious metals?
What you're reading is dogshit. You're missing the forest for the trees.
The only reason the central banks are buying up gold now is because they know the world economy is mega fucked so they are now buying what will keep them in power until they make a new currency they'll try to force on everyone.
When the world economy is not mega fucked, they'll be pushing a currency that they have more control of that keeps them in power.
I've addressed that - both gold and fiat (as well as CBDC) are tools in their toolkit and serve different purposes. People will never hold enough gold to make a difference. I guess it's the same with all money and it makes sense since we know (((who))) is hoarding it for hundreds of years.
It's only the best, most well researched book on the Fed by a conspiracy legend.
Again, I'm not saying fiat money is better than gold, I'm saying it's a false dichotomy and the gold standard is not a silver bullet for escaping the usury based system created by the central bankers and I supported my claim with historical facts - "the bad guys" wanted the gold standard at least in the wartime period. It's not a black and white dialectic.
It's not megafucked to them, it is just as they steered it to be. They want degrowth circular economy with unparalleled control of all money and that's where we're heading. You're making it seem as if they're scrambling not knowing what's going on. They know, they've planned it for decades if not centuries.
Crypto is not a toolkit of the fed. It can only start becoming a toolkit when the government mandates what crypto can and can't be used.
You and I and anyone else can make a crypto. You are just ignorant of how crypto works. The Fed doesn't control crypto.
The free market runs crypto. Big Finance has many pumps and dumps into crypto and that's to fog things.
The crypto that gives you the most freedom will win out. The crypto that can be used by billions everyday will win out.
The people can choose what crypto gives them the most freedom by buying it. The people can choose what crypto to transact with.
Do your research on crypto and learn what is going on with it because you obviously don't understand that you can copy other crypto source code and improve on it if you see that it needs improvements.
All crypto is downstream to BTC - if it fails, everything else will follow. As with all money it hinges on trust and recognition. Do you know who holds the majority of BTC? Who is Satoshi Nakamoto? You don't even know who developed it (it was most likely DARPA) let alone who really controls it. I know how it works and what it is as I said I hold some BTC.
For now most of the money is in BTC. The only crypto worth investing long term is one that will be used by billions of people. Bitcoin will NOT be able to be used by billions of people. Lightning Network has many flaws and they will not be fixed. The 5 developers that control the bitcoin codebase have already made their stance to set a limit on Bitcoins capacity.
When the crisis comes where everyone will need use something outside their countries currency to conduct business (because their currency will be too volatile or hyperinflating), that will be the testing ground for crypto, not this bullshit small fry game we are playing in the market right now.
Crypto is NOT controlled by the Feds, the people have the power to choose what crypto they will conduct business in. The people will choose the crypto that gives them, the individual, the most power.
You miss the forest for the trees my friend, do you even get why Cryptos even began as an investment opportunity?