Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
A Republican president posting on Twitter arguing America should convert to a communist command economy haha.
But it's not even his real motivation. Debt is completely unserviceable and about to implode the whole system and he's giving some fake cover story for why he wants massive dollar devaluation. The only three options are:
1) Devalue the dollar to be literally worthless before the system blows up then everything goes on as normal with everyone still enslaved to the bankers and debt based fiat. It would send some assets and physical metals to the moon and create hilarious levels of income equality. Imagine the rich being 10x richer than now and people with no assets except some fiat becoming even poorer. The nation would probably implode two days later.
2) Go back to physical metals before the system blows up and revalue metals to the moon to cancel out the cascading deflationary collapse of all the banks from unserviceable debts
3) Go back to physical metals after the system collapses and revalue metals to the moon to recapitalize the system
But it's not even his real motivation. Debt is completely unserviceable and about to implode the whole system and he's giving some fake cover story for why he wants massive dollar devaluation. The only three options are:
1) Devalue the dollar to be literally worthless before the system blows up then everything goes on as normal with everyone still enslaved to the bankers and debt based fiat. It would send some assets and physical metals to the moon and create hilarious levels of income equality. Imagine the rich being 10x richer than now and people with no assets except some fiat becoming even poorer. The nation would probably implode two days later.
2) Go back to physical metals before the system blows up and revalue metals to the moon to cancel out the cascading deflationary collapse of all the banks from unserviceable debts
3) Go back to physical metals after the system collapses and revalue metals to the moon to recapitalize the system
You are wrong. The US monetary system (and the EU too) is debt based and made to work optimally under ever increasing debt.
Check out the youtube video "The biggest scam in the history of mankind"
As long as people use and believe in the dollar they can keep printing (generating money). This requires politicians to do the acting game.
If you go back to the gold standard you will need to be accountable and have the gold on hand. Being accountable is not something politicians are good at ;-)
There is also a highly likely scenario that Fort Knox and the Federal Reserve have a lot less gold in stock than is advertised.