Dead_Canary

Are Crypto's the Canary in the coal mine?

By Keith Thuerk | New to Crypto's? | 20 Dec 2020


Are Crypto's the Canary in the coal mine?

 

I have been giving a great deal to the thought that Cryptocurrencies can and will act as a Canary in the Coal mine of a major FIAT collapse!

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So what does that mean? A Canary in the coal mine - denotes an early indicator of potential danger or failure. (A lot of times it was an indicator of the presence of gas) Yeah, this was prior to sensitive sensing equipment. 

My thoughts are in/around the death of currencies, particularly the US $.  As you probably know, all through history fiat currencies have died, most but not all have been attributed to the death of Empires.  The US is in the last legs of its Empire stage, and perhaps already in the decline stage.

Where are we in our stage?

Truth is being censored daily, alternative view points are being smashed and removed (just try to find something you are not allowed to on say YouTube. poof its gone!)  Truth is supposed to protected under the first amendment, but it only applies to some in our society at this point. 

Let's review previous Fiat collapses from a visual perspective.

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See how the bottom of the infographic is Gold and only Gold? I have been monitoring the HINTs dropped about Crypto's being the replacement for Gold. WOW, the pieces are falling into place. I.E people are selling Gold and Gold ETF's to get into BTC.

Is the FIAT replacement the Phoenix?  Recall the Economist Magazine Cover from year January 9, 1988 - it projected the rise of the Phoenix in 2018.  Well, well, a simple rounding error puts us only 2-3 years off. Could 2021 be the year of a $ replacement? Who cares what its called don't get bogged down splitting hairs focus on the greater shift into Cryptos'.

What is going on now?  Throughout 2020 from a Crypto perspective we have seen and followed Institutional equity investors allocating large percentages of portfolios into Crypto currencies. And those movements took place prior to the $3000 price vault by BTC just this week.   I can only assume (not being an insider that the number of Institutional investment houses that are researching getting into Cryptos dwarfs those that have made their intentions publicly known. 

Could I be wrong?  Absolutely, I could be 100% wrong!  Am I that incorrect, nah, probably only 50-60% incorrect.  Made you think though didn't I?

What signs have you seen? Feel free to leave them in the comment section as I read them all

Summary, if this Crypto Bull continues to move in 8+% increments it doesn't bode well for any Fiat currency!  Look which country is the leading the Crypto evolution and what type of country they run (I.E. individual freedom and liberty).  Stop and think about YOUR future and protect yourself now.

Enjoy the Journey!

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Keith Thuerk
Keith Thuerk

Currently learning about Crypto and DeFi to combat the Inflationary Tidal wave coming our way!


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