Donald Trump says he wants to save the dollars by buying bitcoin and having a US bitcoin reserve. UM! Yet here in America we print our money then we have private bank lend it to us and we pay them interest on the money we (the USA) printed. Can you say PONZI SCHEME?
It would be much wiser of Mr. Trump to buy GOLD instead of bitcoin. I say that not out of hatred of bitcoin but out of purely security concerns. If we truly have 8,000 tons of gold in Ft Knox that would be hard to hack and steal. If we had a bitcoin reserve I betting someday, someway, somewhere a criminal mind will figure a way to hack the bitcon wallet, transfer point, or the chain itself and steal the US bitcoin reserve.
However if we continue to build our national stock pile of gold, silver and other precious metals into a location or locations like Ft. Knox then I am fairly convinced no one would be able to steal it all without the use of massive force.
Oh, I know people are going to say bitcoin cannot be hacked. I would say, not yet.
America is about to default in the near future, 6 months, 1 years, 2 years, 5 years quite frankly if we are paying 1 trillion in interest on US Debt in 2024 we have already defaulted just the US population has not woken up to this fact yet. As Martin Armstrong pointed out in a interview that soon it will be 5 trillion in interest. That cannot continue. Sovereign Debt Default is coming. Thus the mantra of "You will own nothing and be happy." is because your NATION is bankrupt and no one wants the US DEBT Dollar Federal Reserve Note Ponzi Scheme currency any longer.
Of course these corrupt bankers and governments have a plan and that is to force everyone to have a digital ID and use digital currency and NO CASH.
OR so they believe. But if one looks at reality the mere enforcement of such rules will create a population of people who will not or cannot be a part of their control system.
Few people really understood the comment by "I AM" when he said "No man may buy or sell without the mark of the beast." In a world separated from the world of history by the lies of men few could every imagine how. Yet we see this reality coming true. CBDC & DIGITAL IS how before long you cannot buy or sell with CASH in AMERICA? Except of course in the underground markets this will create. This is "Stalinism" as Martin Armstrong stated. Where the government MUST KNOW everything about you so they can control you.
Personally I do not own a debt card, I have 1 cc with low debt, I do not own a cell phone. I pay cash or I don't buy it. I have noticed that locations are turning to all card checkout kiosk. So I see the trend developing as most people do not because they use a card, cc or debt or gift whatever but fewer and fewer use cash. In a few trips to the Post Office I noticed that most people use a card to pay.
Simply put all things digital or more akin to air than anything I know. Puff like the wind gone and you did not even notice it til it was gone. So why would we need a Bitcoin reserve? Why not build up our gold and silver and other precious metal reserves. Or at least all of the above?
I am convinced that as the world turns and the wars are started and people start dying in mass digital currency and digital assets will probably vanish with them. Yet when the bullets stop flying and peace has returned I imagine it will be those who own tangible assets that will be better off. Of course I know many crypto buffs will think I'm a idiot and I probably will be proven to be a idiot but I doubt it will be in regards to Sovereign Debt Default.
There are too few main stream economic bobble heads who would say such things. But people who are in the business of money can see the writing on the wall, James Rickards, Martin Armstrong, Bill Holter, and many many more are all seeing the same thing. The collapse of the US DOLLAR due to government DEFAULT, bankruptcy.
As Martin Armstrong stated, "When no one wants to buy the new debt the US cannot pay off the old debt and default of government. The Ponzi Scheme ends there.
But war is the ticket out for these idiots of chaos in power. Thus they will do all they can to start world war to stop Donald Trump from entering the White House under false pretext. Or a false flag will occur some other even they government agencies will CREATE and stop his taking office. \
These people want war and war they will have at any cost, including the lives of millions of innocent people all over the world. THEY DO NOT CARE!