The Dollar’s Dead, Bitcoin is Alive, and Gold is Still the King of Money
Whether the cryptocurrencies or precious metals overthrow the currently ruling fiat currency, make no doubt that the current financial system is a dead man walking.
China and Russia are moving forward, with direct currency transaction agreements and an alternative to the Western payment system.
The central bank of Russia is already developing its own blockchain currency and drafting a proposal to consider Bitcoin a digital asset.
Putin himself said, “Russia’s future lies in developing the digital economy.”
The IMF (International Monetary Fund) recently published a report detailing regulatory recommendations and encouraging central banks to begin adopting the blockchain.
Cryptocurrency is an expanding economy worldwide, and central banks are beginning to accept the reality that this is not going away.
I don’t know if Bitcoin is going to a million or zero. The only thing I can tell you is that in its current state, the dollar, being a Federal Reserve loan, is a dead currency.
If I had to make a 2050 prediction, I think we could safely say this:Cryptocurrency will be around, gold will still be a store of value, and the current dollar in your pocket will be history.
Just like a French franc that someone held in cash in the mid-1990s, within 10 years, not a bank, government, or business in the world would accept it as a form of payment.
Don’t let the state of fiat currencies and sovereign debt chase you out ofliving your best life now!
There are tremendous opportunities and reasons to be optimistic about the future.
Today, you can declare your own financial sovereignty with things like Bitcoin and gold-backed currencies. Be your own central bank, with some physical gold set to the side for financial insurance.
No matter what happens to our currency system, Apple isn’t going away, Disney is still going to make gobs of money, and humanity will still demand all the natural resources that make all of our wonderful technologies.
I’ve decided to delay our special cobalt report until later this month. I just spoke to the CEO of our top cobalt play and I want to release a special interview with him, however, he’s actually traveling in Chile. We would also like to hold off on continued coverage until the OTC symbol is tradable.
We are up 23% since we initiated coverage on March 8th, so we aren’t even in the first inning when it comes to this new cobalt company.
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