Exit The 2008 Crash
The 2008 economic crisis took many by storm but just as many saw the current crash coming, there were those warning of economic doom in the early 2000's. Yes, we can entertain the idea that it's all due to the coronavirus. However, the virus is merely a trigger of a far deeper underlying issue, an economic and monetary policy that makes no logical sense whatsoever. After the crash in 2008 the FED introduced their first round of quantitative easing endeavors. This was meant to be a temporary measure, or at least that was what we were told. A plan to support the economy and reduce strain as the American and World economy, as a whole, began to rise from the ashes of the mayhem.
Many people are not aware but approximately 5000 suicides were linked to the economic crash of 2008! People lost jobs, homes and retirement packages as a result of a terribly designed debt based infrastructural design. The horrific reality is that after such carnage, the debt system was turned up a few more notches. The debt to GDP in the USA is currently well over 105% and rising. The QE measures of money printing continued through the Obama administration, all the way to the Trump administration. These measures are still in play at a rate that would horrify people if they actually understood what was taking place.
The Evil Behind Money printing
To the average person out there, they are grateful that the FED is coming to the rescue once again. Printing trillions of dollars, as they herald in the age of "helicopter money" built on a foundation of sand. I'm sure I heard someone say the wise builds upon the rock. To understand the concept of money printing let's take a look at a company with shares.
A company worth 100 million dollars that has 100 shares issued, has each share valued at 1 million dollars. If more shares were issued without a market cap adjustment the result would be as follows. If there were now 200 shares, each share would now be worth 500 thousand and no longer 1 million. So what happens when the FED and other countries begin printing money to push into the economy. They steal the value from every dollar already in existence. People working for dollars are having their hard earned value taken away from them and if that was not bad enough, that value is being passed onto the central banks and large corporations in the form of bailouts. Evil in it's purest form, taking from the poor to enrich and "save" the wealthy fools who adopt and endorse this policy. Well, why would they not as it is the mechanism that sustains their lavish, foolish lives.
Forget Trump, It's The FED's Economy
Over the last decade the FED has continued it's QE measures. Money has been pumped to central banks, aggressive stock buybacks have been taking place, pushing stock prices higher and higher. What was produced was an overpriced stock market destined to crumble. Little wonder why Warren Buffet was sitting on 122 Billion in cash. Regardless of who was president, the stock market would still have reached these levels due to the FED. Thanks to social media, people are educating the masses as to what is and has been taking place. As people continue to learn and understand the dynamics of the monetary system they will inevitably wisen up.
Bitcoin Get's Handed The New Economy On A Platter
Before Bitcoin and cryptocurrencies, there was only one place to take your money and that was the stock market. If you wanted to invest your money in the hopes of gaining a decent return, you bought stocks. Regardless of corona, the stock market collapses every ten years or so. This is when the elite harvest the profits of the long-term investors. As people are given an alternative that actually has a sound monetary policy and issuance policy, otherwise known as Bitcoin, typical stocks will start bleeding. An investment that has no need of a third party, can be traded 24 hrs a day, 7 days a week and becomes scarcer over time will become the first choice.
It is very important to note that over the last month, the volatility of the conventional markets has been higher than the Bitcoin volatility. This was often used as an excuse to exclude Bitcoin from the idea of being a safe investment. I said long ago, that in time Bitcoin will become the stable one as conventional market shares will increase in volatility. I know we are in extreme times, as well as early days but truth be known... it's not going to get that much better. As millennials are handed the wealth of the baby boomers, much of it will flow into Bitcoin and Crypto, ushering in the great wealth transfer.
