The FED, the great dictator of the Banana Republic of the United States of America.

One of the terrible consequences of living under the domination of the fiat model is the absence of freedom, the most important value we human beings possess. If we recall from history classes, the term "Banana Republic" is generally attributed to those poor countries that live off of agricultural production and whose social, political and economic destiny is controlled by a general or civilian with a lot of power within the armed forces of their State, in short, a dictator.

Although until the 80's of the 20th century these characters were disappearing from world events as the power of globalized and financial neoliberalism took over everything, another type of dictatorship lived the peak of its splendor, particularly since the last decade of the last century until today has been reigning forcefully over all peoples of the world, and especially in the country where it was born: the United States of America, I mean the American dollar.

After the fall of the Soviet Union, the USA was left without an economic and military counterweight to compete as the planet's superpower, which allowed it to further consolidate its financial model that emerged in 1971 with President Nixon's decision to untie the dollar from the gold standard and force the world to use its unbacked currency as the only accepted method for international trade.

However, the economic destiny of the most important power in history did not depend on its government nor much less on its population, everything is in the hands of the banking sector, specifically that which is called the Federal Reserve (FED), a sort of banking lodge, owners and issuers of the American currency. Paradoxically, the FED is not a public institution and acts according to its own interests and not according to the interests of U.S. citizens (much less the rest of the world), so it is clear that the way the dollar is managed responds to the benefit of the financial sector they represent.

No matter who is elected president, the economic and financial destiny (therefore of almost everything in society) corresponds to the FED, owner of the green money printer with which everything in the world is bought and paid for. Of course, if you are the owner of a money that is not backed by gold or anything else you have the advantage of dedicating yourself only to live from the supremacy of your currency, that is why companies moved from USA to China, India and Mexico where labor is cheaper, leaving local employees at the mercy of unemployment, of course, this is basically something they call "Globalization".

Fifty years after the emergence of the Dollar Standard (fiat model) it is sending signals that it is starting to collapse, not so much because of the power of Bitcoin and cryptocurrencies as safe haven securities as powerful as gold (and above US debt bonds), but because of the fact that this system generates poverty, debt, inequality and lack of freedom, terrible consequences derived from a system based on a form of pyramid or Ponzi scheme.

Debt and poverty go hand in hand like a couple getting married before an altar and the fiat model is the sacederte that executes the marriage. From the moment the dollar standard emerged, the USA amassed the most gigantic debt ever acquired by any power in the history of mankind, likewise the rest of the countries in all continents emulated this behavior that resembles that of drug addicts: they know it is harmful, but they cannot (or do not want to) avoid printing money until they die.

The debt is nothing more than the tax that we bequeath to our children and grandchildren, the future generations, who will have to live with this weight on their backs that is passed on from generation to generation. It is tremendously sad to see how the best generations of Americans and other parts of the world succumb to the worst evils of the planet as a consequence of not being able to free themselves from a system that corrupts and deceives them, making them believe that extreme consumerism (and therefore unrestrained indebtedness) is a successful method to dynamize the axes of the economy.

Now that the chips are down the only strategy known to the FED to keep the dollar afloat is becoming its sword of Damocles, especially because there is another factor that is offering resistance to this house of cards called the Fiat model, I am referring to Bitcoin (BTC) and cryptocurrencies. Faced with the impossibility of manipulating the king of decentralized digital money as they do with gold the strategy of lowering interest rates along with quantitative easing may work in the short term, however this hot cloth brings as a consequence the decline in the value of the dollar along with the rise of commodities, industrial metals, food and of course, eventually and inevitably BTC.

In theory, keeping interest rates (the price of money) as low as possible favors consumption, which is not being generated as expected, since unemployment in the country remains at alarming levels. On the other hand, the stimuli (quantitative easing) are not directed towards the productive sector (practically non-existent) but towards the financial sector, in a kind of recycling of money that is sinking the economic hopes of the majority of the population more and more every day.

Unlike the 2008 crisis, this time we have an important ally where we can shelter our values, none other than BTC and decentralized cryptocurrencies. From the beginning, the BTC has done nothing but move away from the dollar every day, overcoming all the barriers imposed by the FED and other central banks in the world. This shift away from the exchange between the decentralized digital currency and the fiat dollar is increasingly attracting major companies and institutions to the world of cryptocurrencies, causing concern among fiat dollar owners.

It is clear that the FED and other institutions similar to it intend to modify their strategy against decentralized cryptocurrencies by establishing a new world order where their fiat currencies are introduced into the crypto world while continuing to control their issuance. China has already begun this process of transition to centralized digitization with its e-yuan, a currency with which it intends to unseat the USA from its hegemonic position in terms of the economy. Regardless of the emergence of this new era of digital money, this is nothing more than a 2.0 version of the old fiduciary regime, which we intend to end for our own well-being and economic, physical and social freedom.

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