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Up almost 9% today.
Did you buy the dip.
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The BRICS nations are moving away from the Petro dollar and it's been reported that they have gone to a Gold and Silver backed currency. China has been buying up as much Gold as they can. Russia too ?
People think inflation is bad now.
Join me for an important discussion with financial expert David Jensen on the collapse of the European banking cartels and the de-dollarization of the world.
Followed by an urgent Economic Update with Dr. Kirk Elliott. Very important .
Will Apple tell you anything about that ^
Smart money will not be in a bank when a bank holiday is declared and atm's are down.
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I have a very hard time believing that IF the bank system as we know it implodes completely, crypto will be there to save us all.
After all the shit that has been exposed about it, and all the scammers attracted to it, you really think its the panacea all the bros want you to believe?
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Crypto might be the wave of the future, but I really doubt it.
Although countries can and do bankrupt, it's pretty uncommon - non-existent in fact for any hard currency.
Countries currencies are sovereign - backed (typically) by the full faith & credit of the country.
Hard currencies - are what, 6 or so? Soft currencies - the rest - I'd rather buy rubles right now than bitcoins.
Who backs crypto? Sure the companies themselves, but firms both brick & mortar & service related go BK all the time.
FX trading is a 5 trillion dollar DAILY market. Yes, Forex each day trades 5,000 billion.
Crypto - only 50 billion.
Might get there eventualy, but given the volatility, I think (for me) there are better places to park my money and get solid returns.
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Crypto is literally "nothing" with a marketing plan.
Anybody with an algorithm can create it.
There's price but no actual value.
The modern day equivalent of beanie babies or pogs
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So explain to me again how Bitcoin works?
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Actually it's not so much Crypto or Bitcoin to worry about, it is however Central Banking developing CBDC across the Globe that very well may enslave you. Coming in July. Fed Now is the App.
If anyone hasn't figured out that government will create a crisis , and then pretend to be your lord and savior by introducing CBDC's, I'm not going to pray for you.
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The company I'm working for mines about 15 bitcoins a day here in PA. We had issues with towers (miners) and no one in OUR country could fix the miners. Chinese had to be flown in to get up and running. Keep vesting yourselves in DBC good luck with that.
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| There are 8 comments on this blog. |
