On The HOOK: $21T Bottomless PIT!

pureblockchain (51)in #money • 6 years ago

I want to make sure that you understand how unrealistic the U.S. national debt truly is, but I also want to stress how unbelievable household debt, global debt, and the debt culture are, in general.

Cryptocurrencies are based on value, not debt. Their value is not solely derived from the fact that governments force residents to use them, as national notes are, but also because they deliver VALUE.

Some, even most, will never generate enough lasting value to be considered viable, but the ones, which can adapt to the real-world needs, could become the world’s next Amazon or Apple.

The breakthrough is definitely significant. The cost savings that blockchain introduces are tremendous in some cases. I am truly in awe when I consider just how revolutionary this technology is.

The question remains, though, how much of my fiat currency savings should I convert to cryptocurrency at this point?

The short answer is that it’s safer to do it in baby steps.

We still have many unresolved issues, which put a lid and a cap on progress, but you certainly must shelter your savings, to some extent, from fiat currency erosion, which will continue to lose its relative strength.

Therefore, it does make perfect sense to have a parachute and a plan B by holding a portion of your wealth mostly with BTC and ETH.

I don’t consider this speculative at all. In fact, I consider loaning the U.S. government money for 10 years and receiving 2.8% in return for taking the risk, a HUGE bet.

Of course, they will pay it back, but what will be the purchasing power of the USD in 2028?

They can issue currency to oblivion, so you will get your currency, but the nominal value has no meaning. I am looking at my desk, where framed next to me is a Zimbabwean 1,000,000,000 government-issued note.

The current size of the Federal debt is the size of 21 companies the scope of Apple – it is just unfathomable.

If the government trims the debt by $20B a year, it will require 1,000 years to pay it down!

This is the biggest scam ever concocted, and they get away with it by going off the Catholic Church playbook – the façade of fancy buildings and suits has convinced the citizenry that Washington knows what it is doing.

While you read this letter for the past five minutes, the Federal debt has grown by $3.5M.

The government isn’t the only problematic actor in the screenplay. 33% of Americans receive government subsidies, and this number is not going to decrease, but only increase.

Household debt is also at record highs (which should be viewed as record lows), along with student debt, auto loans, and mortgage loans.

Don’t be naïve about this process – you are being robbed every second of every day, and so are the rest of the people on this planet by the people you elect into office.

Therefore, keep money outside THEIR system, by owning cold storage crypto, by owning physical precious metals, by having offshore holdings, and by having more than one passport.

It’s all worth it, in case the house of cards falls on your watch.

Best Regards,

Brad Robbins
President, PureBlockchainWealth.com