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RE: The US Dollar Is Screwed Part 2 - How I'm Protecting Myself
I believe in hard assets and the precious metals is my number one choice. Thought about something this morning, with all of the cryptos advancing, will the bankers unleash the prices of silver and gold so they can get the narrative back and have a bit more control of the financial system? Bankers own tons of gold...just a thought. Great post!
I'm not sure I follow. Can you be more detailed about how unleashing the prices would help them get the narrative back?
If they own lots of gold, they could back a currency with some kind of gold and silver backing. I'm not saying this will happen, however can you imagine if one of the currencies would be backed by gold? I would think people would flock to that currency. Maybe the whole plan is to create a gold backed cryptocurrency and have us become a cashless society. In a cashless society they would take back control.
I think governments will do all they can to avoid issuing a metal-backed currency. They don't like it because it limits their power. Fiat currency allows politicians to promise free stuff to the people without having to pay for it. With fiat currency, they can pay for the "free stuff" by issuing more currency.
With that said, if a country backed their currency with gold, I think people would flock to it.