I personally do not know what will happen to the entire Crypto market, but it seems it's about to be heavily shaken up in the coming weeks.
Reddit is killing off all 3rd party apps within the next week or two. I expect a mass exodus of users there shortly after. Reddit is by far the most popular place to go for crypto news.
Binance is now being sued by the SEC. They are the #1 crypto exchange, and we all know how dirty CZ and Tether are.
The perfect storm is now coming for Crypto.
Let's see if any coins/platforms survive it. I know many here are dug into the sand on both sides, I think we are getting that answer soon on what will happen with Crypto, and it's potential role in the future.
I personally think a few will remain, but I can also see it going the other way too, it all goes POOF.
I believe the real gold backed BRICS will kill the fed. The USA is 36 trillion in debt, That's alot of gold. about 1,440,000 metric tons, by my math. Where is the country that's already 36 trillion upside down going to find that much gold? Face it, USA is bankrupt and trying to borrow more.
We are not going to pay off the national debt. The Fed loaded that debt onto the US through treasonous actions, and they will be told to stick that debt where the shine don't shine. I think the reason China was dumping their US bonds was they know this is coming.
The Fed created that debt out of nothing, They will be held responsible for the failure of fiat currency
$3.9T is in T-Bills. $4.0T is in T-Bonds. $13.7T is in T-Notes. That's $21.6T in public debt.
None of those securities pay out in gold when they mature.
It's not that far upside down. Debt vs GDP is 120%. So, it's only very vaguely about $6T in the red, so far.
I think this is a cynical view, and one they would like you to have... their agenda relies on austerity, after all. This is just the same old wealth transfer in a new package.
https://www.usdebtclock.org/index.html?taxpayer
That's just an extrapolation from past figures. It ignores much of the reality, like how many citizens owns those bonds? Why is medicare so expensive vs what it returns? What happens if we give out less bonds and notes at auctions? What happens if we increase business taxes?
Point is.. saying 36 trillion in debt, unqualified, and then suggesting that this amount is entirely a deficit ignores the truth of how this monster is constructed and how easily it is dismantled.
Did you see the part about your share?
At today's gold valuation. What happens when the manipulation of the price of gold is removed, and its value sky rockets? Less gold is needed.