5 years exactly- It's so over for the bankers
(media.greatawakening.win)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (42)
sorted by:
BRICS are forming a new commodity / gold backed reserve currency. Bitcoin is not a commodity. Bitcoin also does not have the characteristics of money such as fungibility, so it can’t be money. It’s a digital tulip.
The financial system is a massive derivative bubble. So what is the original deposit upon which all the derivatives derive from? Gold and silver. When the derivative bubble collapses, the value of the derivatives will collapse back into gold and silver. Don’t fool yourself. Cold hard cash is, and always will be king.
Gold has failed every, single, time.
Gold is such bad money it's why banks exist in the first place, people gave their gold to banks in exchange for paper.
Total trash.
Bitcoin is literally a byproduct of energy arbitrage, Ford's energy currency, set in motion by whitehats to save the US from the Triffin Dillema....
Enjoy your melting ice cube you call cash, already down 99% lol pathetic... how heavy are your bags?
Cash and currency are not the same thing. Fiat currency has lost 99% of its purchasing power, not precious metals.
The banks are buying gold like crazy because they need to offset all the liabilities on their balance sheets with assets. So they will revalue gold to back the currency and offset their liabilities. In the process, the purchasing power will shift from holders of derivatives of money, to holders of real money. Only gold and silver are money.