They are going to crypto because the US has NO gold OR because there is NOT enough gold for their plans. No one person can direct the course that this world is on. The fiat system is dead, there is no arbitrage or value to be found. A profit can evaporate instantly and without notice. This will become common knowledge soon. According to the history provided to us, successful societies INVEST in building their societies. Can anyone say that we have done that for the last 35 years? I say 'NO'. How can I say that? Simply look at the character of our society. The values and morals of yesterday are no longer propagated by the 'adults in charge ... and dare I say they are non-existent. The foundational formula in life (and finance) is Time + Effort. My only advice is for people to re-evaluate their values, morals, and priorities. As Greg says, 'Love each other'. I would add, love your opportunity to live. Life may become rather difficult soon, but the one thing that will preserve your well-being is your beliefs. This is not academics, this is life. You only have one. Do not try to hold onto something leaving, hold onto what you have. Money is NOT everything, produce value through your skills, time, and effort.. Be a good human being, expect the same for those you surround yourself with. And mostly, remember that life is soooo much more than what 'they' advertise. Peace and Patience.
Wealth transfer to the East. Brics are hoarding physical assets.. west not or much less. From credit cycle (west) to gold cycles (east). Monetary elitists always work like this...
Simply because these projects are in America with American leaders. This implies that Donald Trump will be able to control them better!
Bitcoin has the advantage of being a global currency without a leader. From the point of view of individuals, it is a much better option to be independent of governments and central bankers.
This is further confirmation that cryptos aren't a libertarian currency designed to circumvent the current financial system. They were designed to herd everyone into a system of total financial surveillance.
I trust crypto, but i don't trust the tactics being used by Trump. The push for this agenda makes me think that the liquidity crisis is about to get much worse this administration, which is why so many of these executive orders are top priority in the first week.
When we see that Trump is able to launch memecoins just before his inauguration to recover the maximum amount of money in a minimum amount of time by trapping greedy and gullible investors, we can indeed have big doubts about his real intentions with cryptocurrency.
In my opinion, Donald Trump is only interested in cryptocurrency because he hopes to obtain American dollars in exchange without effort. He has no real vision for this industry.
I don't think all crypto is the same. If Bitcoin is truly a limited resource and is managed transparently I suppose it could be used as a store of value. But it's digital and in the end anything digital can be faked... It seems like most cryptos are just digital fiat, what could possibly go wrong with that?
Bitcoin is a species apart. Bitcoin is the way forward.
But since Bitcoin cannot be controlled, we can see that Trump seems to prefer the option of creating a strategic Crypto Reserve without Bitcoin, but with Made In USA cryptocurrencies that can be controlled by America!
Bitcoin is controlled. Every exchange operating in the U.S. must comply with know your customer financial regulations or they'll be shut down. Why won't the exchanges sell Monero? It's because their transactions are private and don't comply with know your customer regulations.
I don't think it's been announced yet but Trump has supposedly signed a E.O. to ban CBDC'S use within the jurisdiction of the US by the banking system.
My feelings are mixed after the full analysis of this Executive Order. On the one hand, there is an ultra-positive with the ban on the creation of a digital dollar. It is a great decision.
On the other hand, not a word on Bitcoin, which raises fears that the Working Group that will evaluate the possibility of creating a strategic Crypto reserve could rule out Bitcoin in favor of Made in USA cryptocurrencies like Solana, USDC, XRP ...
A sign that Donald Trump still confuses Crypto and Bitcoin, but especially that he will not include Bitcoin in this national stockpile, because Bitcoin is not Made in USA and cannot be controlled by America.
You'll find my full analysis of the contents of this Executive Order from President Trump in the latest issue of my newsletter.
You will never ever return to gold ever again. Of course crypto currency is as false as can be, but that is the new store of wealth. The new scarcity is Bitcoin etal. and the mining of the coins uses so much electricity there must be a sacrifice of the alternative. An opportunity cost table would demonstrate the choice of refusing. The alternative sacrificed..."people" and their wellbeing. You can't get more evil than that. They aren't choosing life, like God said to do.
This makes NO sense! We need to return to GOLD! More of a reason now to get out of their system than ever!!!
We do need to return to gold. 100%
And then instead of carrying it around and trying to make change with it, we can represent it with paper. What could possible go wrong?
But does America have the gold reserves it claims to have?
They are going to crypto because the US has NO gold OR because there is NOT enough gold for their plans. No one person can direct the course that this world is on. The fiat system is dead, there is no arbitrage or value to be found. A profit can evaporate instantly and without notice. This will become common knowledge soon. According to the history provided to us, successful societies INVEST in building their societies. Can anyone say that we have done that for the last 35 years? I say 'NO'. How can I say that? Simply look at the character of our society. The values and morals of yesterday are no longer propagated by the 'adults in charge ... and dare I say they are non-existent. The foundational formula in life (and finance) is Time + Effort. My only advice is for people to re-evaluate their values, morals, and priorities. As Greg says, 'Love each other'. I would add, love your opportunity to live. Life may become rather difficult soon, but the one thing that will preserve your well-being is your beliefs. This is not academics, this is life. You only have one. Do not try to hold onto something leaving, hold onto what you have. Money is NOT everything, produce value through your skills, time, and effort.. Be a good human being, expect the same for those you surround yourself with. And mostly, remember that life is soooo much more than what 'they' advertise. Peace and Patience.
Wealth transfer to the East. Brics are hoarding physical assets.. west not or much less. From credit cycle (west) to gold cycles (east). Monetary elitists always work like this...
Is this because the US doesn't have any gold reserves?
This is an important possibility in my opinion as well.
Seems as though XRP is the chosen crypto they want to utilize.
The real question is why XRP, Solana or USDC?
Simply because these projects are in America with American leaders. This implies that Donald Trump will be able to control them better!
Bitcoin has the advantage of being a global currency without a leader. From the point of view of individuals, it is a much better option to be independent of governments and central bankers.
This is further confirmation that cryptos aren't a libertarian currency designed to circumvent the current financial system. They were designed to herd everyone into a system of total financial surveillance.
I trust crypto, but i don't trust the tactics being used by Trump. The push for this agenda makes me think that the liquidity crisis is about to get much worse this administration, which is why so many of these executive orders are top priority in the first week.
When we see that Trump is able to launch memecoins just before his inauguration to recover the maximum amount of money in a minimum amount of time by trapping greedy and gullible investors, we can indeed have big doubts about his real intentions with cryptocurrency.
In my opinion, Donald Trump is only interested in cryptocurrency because he hopes to obtain American dollars in exchange without effort. He has no real vision for this industry.
I’m selling confetti 🎊 coins if anyone is interested. And its all backed by something tangible; more confetti
I think you're on to something. A confetti coin would probably do very well.
Greg. What can we the people do to take action? Suggestions would be appreciated
I don't think all crypto is the same. If Bitcoin is truly a limited resource and is managed transparently I suppose it could be used as a store of value. But it's digital and in the end anything digital can be faked... It seems like most cryptos are just digital fiat, what could possibly go wrong with that?
Bitcoin is a species apart. Bitcoin is the way forward.
But since Bitcoin cannot be controlled, we can see that Trump seems to prefer the option of creating a strategic Crypto Reserve without Bitcoin, but with Made In USA cryptocurrencies that can be controlled by America!
Bitcoin is controlled. Every exchange operating in the U.S. must comply with know your customer financial regulations or they'll be shut down. Why won't the exchanges sell Monero? It's because their transactions are private and don't comply with know your customer regulations.
If Trump is such a shill for the FED why has he just banned CBDC's?
It is not a question of trusting crypto. It is about trusting banks. Cryptos are fine and we all know Greg's opinion of banks!
Question: if Brazil raises by 100 basis points will that support the Real?
Crypto is probably here to stay but may be not for everyone.
I don't think it's been announced yet but Trump has supposedly signed a E.O. to ban CBDC'S use within the jurisdiction of the US by the banking system.
Trumph is the state, and should stay away from having anything with cryptos - alt all.
My feelings are mixed after the full analysis of this Executive Order. On the one hand, there is an ultra-positive with the ban on the creation of a digital dollar. It is a great decision.
On the other hand, not a word on Bitcoin, which raises fears that the Working Group that will evaluate the possibility of creating a strategic Crypto reserve could rule out Bitcoin in favor of Made in USA cryptocurrencies like Solana, USDC, XRP ...
A sign that Donald Trump still confuses Crypto and Bitcoin, but especially that he will not include Bitcoin in this national stockpile, because Bitcoin is not Made in USA and cannot be controlled by America.
You'll find my full analysis of the contents of this Executive Order from President Trump in the latest issue of my newsletter.
You will never ever return to gold ever again. Of course crypto currency is as false as can be, but that is the new store of wealth. The new scarcity is Bitcoin etal. and the mining of the coins uses so much electricity there must be a sacrifice of the alternative. An opportunity cost table would demonstrate the choice of refusing. The alternative sacrificed..."people" and their wellbeing. You can't get more evil than that. They aren't choosing life, like God said to do.