Posts

Hard Money...

avatar of @acesontop
25
@acesontop
·
·
0 views
·
4 min read

The current price of one oz of gold in USD is 1,989.95, and to me, this "hard and shiny metal" able to change history is just a bailout away from reaching new ATHs. The previous ATH for gold sits at 2074.88 USD/oz and it looks like it's going to be challenged soon...

The banking system is shaking and all we have across the board is famous banks getting bailed out, bank stocks bleeding(see Deutsche Bank) and there's more to come. How did we end up here? Well, it's probably an old wound bleeding again that hasn't been treated properly when the time was right.

And it feels like the current bandage is not doing much good either...

Janet Yellen, serving as the 78th United States secretary of the treasury since January 26, 2021, calls an emergency meeting of 'The Financial Stability Oversight Council for Friday as the banking crisis spreads to Germany, according to Bloomberg.

I guess the FED's balance sheet will go parabolic once again after the meeting. It's just a guess...

Now, I'm probably not the most suited person to talk about banking, but I see the fire when I sense smoke and the fire that's burning the banking cartel right now was ignited something like three years ago. The shit didn't just hit the fan two weeks ago when the first bank collapsed and got bailed out. It started stinking right after the pandemic was declared and there were warnings about inflation going up to critical levels based on the policies that were imposed back then.

As there were warnings regarding the rapid increase in interest rates as well, but the "chiefs in charge" comfort us by saying: it's all sound. Well, tell that to SVB, dear Yellen...

Whatever catastrophe is created in the US it has to have its reverberance in the EU, as the EU is always, and I mean always, following suit with the US. No matter what... This narrative becoming very clear to me over the past three years. Hence...

"Lagarde says ECB fully equipped to provide liquidity to Eurozone financial system". Says Reuters... What does that mean? More printing, guys... They have to somehow create liquidity, isn't it? And that's what they're doing. I could go further with my analysis by saying that all this shit show is intentionally created in order to push CBDCs into adoption, but some of you don't really like my posts about CBDCs.

The bankers(not retail ones of course) might, and will probably profit from a crisis they themselves have created, so they can come up with a solution, the same as happened with corona, 9/11, the war in Ukraine, and so on and so forth. These crises don't simply happen... They're "designed to happen".

Why did gold pump so hard lately? Well, it's because it once again started shining as a hedge against the current banking crisis. And in this regard, I want to mention that it is now that I get to understand why China and Russia have accumulated so much gold over the past few years. They might have been unfriendly towards Bitcoin(cuz China) but they saw what was coming.

There are already talks of Chinese intervention in weakening America and seeing all the pieces falling into place such a narrative makes so much sense now. And then there's Bitcoin/crypto...

While everyone was freaking out about SVB(so-called crypto bank) collapsing, what did Bitcoin do? It pumped... More banks are collapsing and "bank coins" across the board are bleeding while Bitcoin is holding steady... Why, sir? I guess it's probably because BTC is what we could call as hard money too... It's just a guess, though...

There are rumors circulating lately about the US making the life of Bitcoin/ers hard, but I see this as nothing more but pure FUD. America can't afford to ban or push Bitcoin away from the country. It would shoot itself in the foot by doing that. Especially now... As I commented on a post of @khaleelkazi recently, it is not even at the core of what America stands for to push Bitcoin away.

As a matter of fact, if I remember correctly, there was news lately on Twitter about some bill that aims at forbidding the federal government of the US to ban bitcoin and bitcoin mining in the US. Bitcoin is too big to fail. And if, and that's a big if, it fails, then we're really fucked.

You can't imagine the magnitude of totalitarianism CBDCs can have and if these will be the only money we will have, then my only option left is to go to the countryside, grow my own food(if possible) and stay as far as possible from the modern world. Until that happens...

While some are shitting their pants right now regarding the current situation in the banking system, I'd say this is an opportunity of a lifetime for Bitcoin to shine. Even gold is shining lately, making Peter Schiff happy... What do you think Bitcoin will do?

Thanks for your attention, Adrian

Posted Using LeoFinance Beta