System failure, system on course!

LeoFinance
20 days ago
2 Min Read
344 Words

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Can the purchasing power of our fiat based currency stay strong?

Central banks, government policies and political agendas are all becoming intertwined. It's hard to write a financial blog that deals with 'intervention' in what was supposed to be a free market. Those of us reading these blogs are here for a multitude of different reasons. Some are traders, some are idealists/revolutionaries.

My personal reason was to diverge into other assets that aren't paper based. We know that this system we are in is not going away any time soon. It may be failing, but it can fail for a long time. Keynesian SOCIALIST economics has been put into the school system and indoctrinated into the next uneducated generation. In short, nothing will change even though it is unsustainable.

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Why even bother providing a chart that is up to date. We can see no matter 'who' is in office the same looming chaos underlies all fiat systems across the board. Governments buy their bonds, hide the inflation, and figure out what next rabbit to pull out of the hat. Next when bankrupt, borrow from the IMF under another paper product called the SDR (basket of currencies / gold).

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Governments basically can not be trusted. Wherever we try to hide, those mountains of 'wealth' will be taxed (confiscated). Running somewhere where there is 187.27% APR is a logical move. Dr. Paul believes eventually Gold and even crypto's will be subject to confiscation. Sure the wealthy will be taxed heavier; but all socialists generally never produced anything in their life other than collecting other people's money.

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So for the time being, like all surf's to any country we will be subject to the whims of morally bankrupt governments. Liberty in my opinion is and always has been a mirage. Like any wave of bankruptcy, we will ride the wave for as long as we can. Some say Gold, guns, and a getaway. Personally I say Gold, cash, guns, getaway, and now for sure CRYPTO.

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