The Head of the FED (Jerome Powell) understands, Bitcoin is a way to store Value. While Paper Money like the US Dollar can Inflate Away to Nothing... Gold, Silver and CryptoCurrencies have a REAL VALUE.
In The Real World, The US Dollar's Value is based on BELIEF, TRUST and MEN WITH GUNS. That's why we were able to transport PALLETS of Hundred Dollar Bills to Iraq during the War to pay Tribal Warlords and then... everything cost a Hundred Dollars! Want to buy a Cup of Coffee? Price=One Hundred Dollar Bill... Want to buy a goat? Price=One Hundred Dollar Bill... It's all based on Belief... Ones and Zeros in the Bank of America's Computers... and in 2008... it all vanished!
When we started the NEW DEAL during the Great Depression of the 1930s, The US Government went OFF the Gold Standard. That Allowed the Bureau Of Printing and Engraving to Print INFINITE CASH to pay for all those WPA employment programs.
We Could Do that Again! Print INFINITE CASH to pay for the GREEN NEW DEAL. Why Not? It's Just Paper... You can't Eat It... You Can't even use it to Roll a Cigarette... Frankly Speaking, A BIBLE is better for rolling Cigarettes... The Paper is thinner... The only valid use is in the Bathroom when you want to Wipe...
The REASON Munchkin and Trump oppose BITCOIN (and Facebook's Currency) is that It's a Valid alternative to the US Dollar and ECONOMIC SANCTIONS Do Not Work.
https://www.maxkeiser.com/
Read more at https://www.maxkeiser.com/#XaBoh8oPlXPxtpbS.99
In The Real World, The US Dollar's Value is based on BELIEF, TRUST and MEN WITH GUNS. That's why we were able to transport PALLETS of Hundred Dollar Bills to Iraq during the War to pay Tribal Warlords and then... everything cost a Hundred Dollars! Want to buy a Cup of Coffee? Price=One Hundred Dollar Bill... Want to buy a goat? Price=One Hundred Dollar Bill... It's all based on Belief... Ones and Zeros in the Bank of America's Computers... and in 2008... it all vanished!
When we started the NEW DEAL during the Great Depression of the 1930s, The US Government went OFF the Gold Standard. That Allowed the Bureau Of Printing and Engraving to Print INFINITE CASH to pay for all those WPA employment programs.
We Could Do that Again! Print INFINITE CASH to pay for the GREEN NEW DEAL. Why Not? It's Just Paper... You can't Eat It... You Can't even use it to Roll a Cigarette... Frankly Speaking, A BIBLE is better for rolling Cigarettes... The Paper is thinner... The only valid use is in the Bathroom when you want to Wipe...
The REASON Munchkin and Trump oppose BITCOIN (and Facebook's Currency) is that It's a Valid alternative to the US Dollar and ECONOMIC SANCTIONS Do Not Work.
https://www.maxkeiser.com/
Keiser Report: Orange Coin Good, Orange Man Bad
In this episode of the Keiser Report, Max and Stacy discuss the fact that bitcoin has now hit the big time as the US central bank, the Treasury, the Congress and the President all start talking about it. In the second half, they talk to Craig Hemke of the TFMetalsReport.com about the return of the bull market in gold.
Read more at https://www.maxkeiser.com/#XaBoh8oPlXPxtpbS.99
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