AND FROM OUR FAVORITE "AMNESTY" RAGAZINE ---- You Can Forget About Crypto Now
(www.theatlantic.com)
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Then you realize the whole FIAT money system is a ponzi scheme. They litterally print unlimited money and have trillions of dollars in non-existent derivatives and inflate the stock market using the printed money.
Absolutely. But the current fiat system was started by being backed by Gold then they removed the Gold backing and started printing it, essentially fooling people into using paper as money. They didn't just start it from nothing. Unbacked crypto is fundamentally flawed and will never be successful.
Get physical Gold and Silver while you still can. But you are on this board so you probably already have. :)
Who knows how a proper system will be implemented but crypto technology could be used for good if properly audited and tied to physical non-inflationary assets with a finite supply... After the FIAT collapse there still needs to be a way to transact around the world without exchanging physical bullion bars lol.
And yes, you guessed correctly 😂. For the past year all of my extra money has gone towards stacking silver!
Some of these projects are interesting, but transparency and confidence needs to be key. https://www.goldscape.net/gold-blog/gold-backed-cryptocurrency/
I agree.
Silver is the most undervalued commodity on earth IMO. I also invested in Kinesis KVTs.
Kinesis monetary system is like a silver and Gold bank account. The metal is held in vaults with your name on the title and is fully insured. You can use your Kinesis debit card anywhere that accepts Visa. You can actually set it up so your paycheck gets directly deposited into your Kinesis account so you are literally getting paid in Gold and Silver. Plus you get paid a yield for using, holding, etc. Transaction fees go into a master fee pool and get divided up and paid back to the users every month. Plus you can take delivery of the physical metal any time you want. There is a min amount for that though. 200oz Silver and 100g Gold.
It is a way for us to remove ourselves from the Central Banking system. It is genius in my opinion
https://www.reddit.com/r/Wallstreetsilver/comments/mmvjbu/kinesis_monetary_system_in_depth_due_diligence/
This looks great, thanks for the tip. I was wondering what some of the best projects were. My goal is to get most of my money out of the banks so I'll have to look into this. The ease of Debit/visa transactions is defnitely the biggest hurdle to get around especially when paying bills.
You will find some interesting info about this at http://roadtoroota.com/
I listen to Bix all the time. I'm aware of his feelings towards certain cryptos. Most of my money is already in stacked physical silver in my own possession, so im not too concerned. I just want a way to spend with debit/visa and to pay bills outside of the banks, which I know could possibly implode at anytime also lol. Atleast certain places attempt to be backed by physical assets.