Right now, we exchange USD for crypto. What if the currency collapses? How would you buy? Can’t spend USDs… so what do you do? Gotta eat!
The only way it could work (a transition) is to allocate bitcoin to everyone… if you have it and we don’t! We need something to trade with … to exchange. Hey I’m not giving up my land or house for it! So what funds this transit? A fair estimate of global assets held by and controlled by… all the folks that met in Davos last week! Safe estimate that’s about 3-4 hundred trillion!!
They think they alone run the world (their own proclamation). No problem, Yea, we get that. But sorry, we’re taking it back to fund a much better model. We’ve now seen yours and it sucks. Seriously sucks!
Trump put the legal framework in place to seize it all before he left. So no worries about survival… there really is plenty for all to build a much better place than what these deranged folks ARE doing.
Precipice? Views aren’t bad at all. The criminal mind isn’t the architect nor the artist of the view on the other side. Excited yet?
Russia is already showing us the direction. They went gold backed and the value of their money doubled. And Trump has very clearly stated many times that he wants a gold back US dollar.
US Dollar, not Federal Reserve note
Russia also made the Ruble pegged 1:1 with gold and interchangeable, so it's not just "backed by". It's literally cold hard gold in physical storage.
The German Reichsmark used a similar concept, only with land and products sold to the government as the pegged asset, because their gold reserve where seized after the first world war.
You can do this pegging with any asset that is fungible and scarce. Tho for a government caring about it's people it makes most sense to use whatever they have on hand at the moment.