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RE: Greg Hunter Interview: Rob Kirby - Either Money Is Printed or Financial System Implodes

in #money5 years ago

The only reason the bankruptcy of the United States does not reveal itself now is that the U.S. dollar is the world reserve currency. One day, the U.S. dollar will not be the reserve currency and there will be a day of reckoning for the United States.

Another problem is that nearly every other currency in the world is a fiat currency like the U.S. dollar.

As Rob Kirby suggests, the world will look to a tangible currency. And that could even be a block chain currency. However, a centralized block chain currency is no better than fiat. It would have to be a type of decentralized block chain currency in my opinion.

As for gold seizures, it may happen in some countries but the majority of U.S. citizens have a very small amount of gold in their possession. It would not be worth confiscating the gold from the majority of people in the United States. But the United States could nationalize gold mines or force them to hand over their gold to the U.S. government at a certain price.

Be safe and be prepared!

Have a great week!
Steem on,
Mike

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