U.S. Treasury Department says that DeFi and decentralized crypto markets threaten national security
(twitter.com)
-STRAIGHT UP PANIC MODE-
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While I agree with you to some extent, I don't think you appreciate how much manipulation there is in the metals department.
Given what's available in the public sphere v. how many people would want it (supply/demand), a single ounce of silver should realistically have around a $1000 of buying power once all non-asset backed monetary systems fail. You should be able to buy your weekly groceries with a silver quarter. You don't need to carry around bucketloads of coin to buy things. You should be able to buy a house with about 40 oz. of gold. That's a house; usually the biggest purchase a person makes in a lifetime. For a couple pounds of gold which a person could fit into their purse with room to spare for their Chihuahua.
I'm not really commenting on the potential pitfalls, I don't disagree with you, but the scope of how much money you would realistically need doesn't seem to be appreciated. Just a couple decades ago people would carry around hundreds of dollars of cash all the time. This is no different. There is no reason to suspect there would be any more theft than there was then.
Of all the adaptations that are coming, I think this is going to be one of the least impactful. Most people alive remember carrying around cash. It's not much of a stretch.
I really don't think the transition will be as smooth as you suggest. All the "only at the precipice" stuff, and "[SCARE] NECESSARY EVENT" stuff doesn't sound like a "once Trump is back in office" type of transition into the future. You can't teach the necessity of a decentralized government by teaching people to rely on a centralized authority and "savior" to fix everything.
While the technology has a lot of potential (as asset backed NFTs), a non-asset backed crypto can't survive in a world with asset backed currency. There is simply no reason to use it if there is a real asset available for transactions. Who wants to put their real assets into unicorn farts?
"Fiat currency" means the government has demanded (the definition of "fiat") that it be used as payment for taxes. You can't get people to use an intermediary of exchange for barter that has no intrinsic value unless you force them. If a Centralized Authority tries to force me to use another fiat currency this war becomes a hot one, because that would mean that the same people have control that have been perpetuating that fraud for a thousand years or so.
And pay off your mortgage easy peasy
But I think cabal members could own giant pile of gold by now. It doesn't make any sense to let prices rise high for PM. I think PM prices are going to fall but prices for physical is different story.
I am not suggesting that PMs can be the total answer for the exact reason you stated. They own all the gold. I was talking about the economics of it, the supply/demand and historic purchasing value. PM stock value is meaningless. The only thing that matters is what we would use if the SHTF, which would inevitably be PMs or other physical assets.