The mass printing of the dollar and inflation will take hold of this ecomany and collapse over its own weight. People need to understand those savers are losers you cant save yourself out of inflation you need to be able to invest in real estate but it’s out of reach of people with home prices skyrocketing alongside interest rates other options are precious metals or bitcoin and the poor will get poorer because they don’t invest.
The time will come when the US dollar will collapse and be worth no more than the scrap and or collection value of its cotton-paper and dross coins. This is were bitcoin and Gold and silver and the top safest countries to move to.
Forbes Contributor Billy Bambrough advised that
Donald Trump And The Fed Are Destroying The U.S. Dollar
Bitcoin has plenty of room to grow with $544 Trillion in derivatives in the world money sitting on the sidelines. The US is printing over 1 million dollars a second eclipsing the market cap of Bitcoin every 36 hours with no end in sight. Just put in perspective the world currency is estimated at $90.4 trillion dollars and the US is printing $6.2 trillion just for starters. The only concern is that hyperinflation does not set in as more and more governments remove cash from society. This is why I think the Fed is creating the FedCoin to be able to charge us negative interest as they do in Europe just to have the privilege for them to hold our money in their banks or soon to be the federal reserve. At the same time, US will try to replace the current currency with a new digital currency allowing the old currency to fail. This is only my opinion but every county always had a replacement currency in place as one failed just as did Venezuela.
Wealth is never destroyed it is transferred. Its time for Plan B, Plan Bitcoin.
At this time the very dollar system is at risk and the way it is going to play out is via the dollar strength, not the weakness. Everyone is sharing their opinion on tv but no one is talking about the real black swan. COVID-19 has caused an economic slowdown.
We are seeing a liquidity crisis and the dollar is strengthening against every other asset (equities, commodities. etc) we are now in the state of deflation.
In order to stabilize asset prices. the dollar has to be weakened this is why deflation is always before hyperinflation.
The American people will receive airdrops of $1000 and the fed will try to buy all kinds of debits and securities to weaken the dollar, but it will be too late and overreact and lose control and that’s when hyperinflation will set in.
#infoonbitcoin #cryptotrading #satoshinakamoto #satoshi #halving #cmegroup #cme #currency #TheMoneyIllusion #fed #MikeMaloney #bitcoin #btc
First I have to say this Bitcoin the blockchain has never been hacked the exchanges that hold the currency and people that have had their personal wallets have been hacked because they are not securing there bitcoin correctly see my blog on Six Ways To Protect Your Bitcoin Investments From Hackers below thank you.
This is the rise of Bitcoin Detectives and more will come on line including governments that want people to pay their taxes. people think that Bitcoin is anonymous this is false. All transactions are public and the owner of the wallets are unknown untell it is transferred to a wallet with a name attached. The single point of failure is when the Bitcoin is transferred to a person wallet that is public and it then can be traced back just by doing simple integration and computer forensics on that machine that had any communion.
Senator Robert F. Kennedy once said in his 1968 campaign for the presidential nomination: “Some men see things as they are and say, why; I dream things that never were and say, why not.”
Iceland is leading the world in mining cryptocurrency and this is a place where they call home. This is the enigma datacenter located in Reykjavik, Iceland Marko Strang is the co-founder and CEO of Genesis mining and they are the largest Cryptocurrency mining in the world. This location I feel will be the financial capital of the world.
Iceland is the perfect place to mine Bitcoin because of the cool climate and geothermal energy.
These men are changing the world and our future for the better.
1.Bypassing Monetary Controls.
Bitcoin is exponentially expanding in Latin america allowing them to buy food from the US like amazon or even wall-mart. Venezuela government restricts money in and out of the country via the banks, and Bitcoin allows the people to by pass this restrictions by the government.
2.Bypassing tariffs in Brazil
a) Avoid paying a Import Tariff tax of 60% when purchasing from the US.
b) Avoid Paying a 27.5% foreign exchange tax when bring money in to Brazil.
c) Brazilians that travel abroad are paying 6.38% tax with every purchase.
3.Eliminating Red Tape
Starting a new business in Brazil takes 14 times longer then the US and moving this to the blockchain could speed up this process. Honduras is still creating land titles on paper and the blockchain could help speed up and authenticate transaction.
With Venezuela having the highest inflation rate in the world you can go to dinner and by the time your done your dinner could be ten more then the price on the menu. This is proof of concept that Bitcoin will over come the corruption of governments world wide fiat currency of the banks and the IMF. The socialist government of Venezuela would rather see there own people die and starve to death then freedom and independence of there people. The poor people of Venezuela risk going to jail for just mining Bitcoin and providing for there family. Its amazing the Venezuela government is targeting Bitcoin miners because it’s threatening there existence . Venezuela government are hunting down miners by how much power they are using, but some miners are using government computers and would be untraceable.Venezuela’s would rather have the volatility of Bitcoin then the worthless paper of the bolivar is printed on.
This is the first time in history a currency is also a payment system allowing you to send money to anyone in the world for a little cost without a middleman and no one can stop it even governments. This documentary breaks down the complexity of bitcoin making it easy to understand. This has already changed the world and will allow the two billion people that are not serviced by the banking industry in the world to be able to join in the eCommerce and serve there needs and build wealth. It’s only a matter of time as governments like Greece confiscate the people money more people more move to bitcoin and the value will go up.
Banking on Bitcoin another good documentary on Netflix and chill
Banking on Bitcoin Educational movie guide for students of 2017
If you have not been keeping up with Bitcoin for the past few years this documentary will get you up to speed on the history of Bitcoin and why its so succeeding. Watch full movie on Netflix or below
Full Movie below