Understanding the Changing Nature of Money 🌐
In the 20th century, money underwent a significant transformation. Initially tied to metal, such as gold or silver, money’s value was physically backed. However, by the year 2000, money’s value was no longer rooted in the physical world, marking a profound shift in the nature of currency.
- Historical Evolution of Money
- Metal-backed currency transitioned to fiat money.
- Global hegemony post-World Wars influenced new monetary systems.
- Emergence of fiat currencies disconnected from physical assets.
The Rise of Digital Gold 💰
Many individuals view Bitcoin as a form of “digital gold,” indicating its perceived value akin to traditional precious metals. The appeal of using metals as money stemmed from the absence of a central authority able to excessively issue currency, preserving its value and stability.
- Bitcoin’s Role as a Store of Value
- Comparison to digital gold due to perceived value and scarcity.
- Inflation prompts search for alternative currencies, boosting Bitcoin’s appeal.
- Movement away from fiat currencies towards decentralized options.
The Looming Existential Crisis 🌩️
The fate of the US dollar intertwines with the broader global financial landscape. Foretelling a scenario where the US dollar plummets while the Chinese Yuan skyrockets is unrealistic, as fiat currencies, characterized by their inherent flaws, face imminent demise in the face of escalating inflation.
- Decline of Fiat Currencies
- Global inflationary pressures threaten fiat currencies.
- Japanese Yen fluctuations point towards impending currency destabilization.
- Reliance on MMT exacerbates currency devaluation risks.
Banking Cartel’s Crypto Interests 🏦
The banking cartel, a pivotal player in the Western financial system, showcases a peculiar affinity towards cryptocurrencies like Bitcoin and Ethereum. Despite their prior hesitance, the banking sector’s growing integration with crypto assets serves as a strategic move to navigate the impending collapse of fiat currencies.
- Role of Wall St. in Crypto Markets
- Bitcoin’s creation speculated to be influenced by the banking cartel.
- Bitcoin ETFs gaining traction as a gateway to crypto market manipulation.
- Crypto ETFs poised as tools to uphold vested interests amid financial turmoil.
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