RE: The Truth about Modern Banking: #Scam
Nice article. Upvoted.
Honestly, although the world economy is ultimately doomed on the current course, I'm not bearish on the US dollar in the near-term. Fears of a failing dollar have been widespread for decades, yet the USD index continues to climb even as the dollar loses reserve currency status. Why?
Because as other fiat currencies fail around the globe, people rush to buy dollars. This keeps the bid for the dollar high and cushions the USD index. So, even while many nations stop using the USD, others panic buy it to the moon as their own currencies fail.
Yes, some have begun buying or mining crypto. But they are less than 1%, maybe less than 0.1% of the overall population.
By the way, JMBullion.com accepts Bitcoin as payment. Free delivery with premiums on coins comparable to any coin shop.
Great comment! Awesome info, and a helpful tip on my question about buying bullion.
And in response to your comment, I am not short term bearish, or predicting global collapse soon, but it does seem inevitable so I am preparing now, but accumulating crypto and soon bullion.
Maybe its 20 yrs from now, maybe 40, seems more likely it will be under 10 tho.
China and Russia trading oil without USD, and both accumulating Gold are bad signs. Yes there are lots of others still rushing into USD and buying govt bonds but we know from history every fiat, backed by nothing, eventually fails. Its been what 40-50 yrs since USD was backed by gold, and debt is growing radically, even exponentially now.
It's true, all good points. But there's another factor - the Pentagon. They will destroy any nation that refuses to buy dollars, period.
All that aside, ecological collapse necessitates economic collapse. And you're right, we definitely do not have 10 years for any of that. Famine is already spreading throughout the globe like cancer. Wildfires have obliterated millions of acres of forest and brush this year alone. Get ready. Sounds like you already are.
The only bigger scam is college.
Fair comment.
Universities are like:
Come to our building and pay us HUGE sums of money so you can learn something that wont make you more employable, and you could learn online for free. Please and thank you.
As much as student loans are a scam, I have to say I did manage to make use of my college education somehow. Most are not as fortunate as myself, however.
This may be the greatest comment that Steemit has ever seen. Wish I could upvote twice.