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Alias Born | 09/27/2011 |
Monday, July 15, 2019 4:15:44 AM
It's nice to see President Trump seemingly coming "out-of-the-closet" with respect to his impressions about cryptocurrencies ..... which numerous observer's anticipated might be tainted with a "protectionist spin" related to the transient buying power of "U.S. fiat paper" known as the ..... "American dollar" ..... which has no known "Reserve value" whatsoever ..... and merely hinges upon an "assertion" of value ..... while American "monetary policy guru's" busily scamper toward pushing interest rates in the direction of ZERO ...... once again .....
Many people realize numerous countries around the world continue declining payments in U.S. dollars which the President correctly called "currency" ..... rather than "money" ..... a thing of the past for America .... after Nixon voided the gold-standard in 1971 .....
Some find cause to question President Trump's assertions and critical strategy to label cryptocurrencies ..... as being "not money" ..... and referencing their "price volatility relative to the dollar .....
Why raise the issue of "money" when the U.S. does not have any "real money" to begin with ?
"Money versus Currency" ..... from "Hidden Secrets of Money Episode 1"..... by Mike Maloney .....
Also ..... most cryptocurrency Investor's realize even a bright child can manipulate the valuation of Bitcoin by exchanging low to a "close friend" or group ..... then having it returned at a higher price ..... thereby creating a "false snapshot" of alleged Market volatility ..... while moves of the U.S dollar are always inherently incremental by nature ..... which creates a "false sense" of stability ..... while fluctuating "deflation-inflation pressures" forever erode the buying power of the dollar ..... Why are so many people claiming today's dollar is only worth about two-cents ? ..... relative to older times ..... What might be the other side of the issue ? ..... Have wages kept pace ? .....
Global "deficit spending economies" always become an exercise in futility relative to the diminishing returns going into the pockets of a hard-working multitude required to prop-up the network of commonly practiced financial institutions ..... grounded on their fiat currencies ..... by primarily exchanging IOU's .....
https://www.coindesk.com/us-president-donald-trump-says-hes-not-a-fan-of-bitcoin
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