Value is a relative idea. Over time currencies fluctuate. Federal Reserve notes have the value they have because people believe they have value. Thus the term fiat.
Take a look at the bitcoin to Federal reserve note exchange rate. There was a time when one bitcoin was worth less one dollar. As of this post, the rate was $36 thousand USD. It will go higher. This is in spite of the fact Goldman Sachs manipulates the rate using commodity contracts. By the way, (((they))) do the same thing with gold contracts. (((They))) don't want people who transact using USD to lose faith in USD or the ponzi scheme fails.
I fully understand the financial system is rigged like Bang Bang Biden's election and I take advantage of that by simply understanding this fact. The only thing I don't know is when total collapse will occur. Federal reserve notes are being destroyed as I write this. Other leaders of countries know USD is in rapid decline. They are now in the middle of de-dollarizing their economies. I happen to think this is Ok. Being a reserve currency creates a lot of problems.
Laugh at Bitcoin at your peril.
Value is a relative idea. Over time currencies fluctuate. Federal Reserve notes have the value they have because people believe they have value. Thus the term fiat.
Take a look at the bitcoin to Federal reserve note exchange rate. There was a time when one bitcoin was worth less one dollar. As of this post, the rate was $36 thousand USD. It will go higher. This is in spite of the fact Goldman Sachs manipulates the rate using commodity contracts. By the way, (((they))) do the same thing with gold contracts. (((They))) don't want people who transact using USD to lose faith in USD or the ponzi scheme fails.
I fully understand the financial system is rigged like Bang Bang Biden's election and I take advantage of that by simply understanding this fact. The only thing I don't know is when total collapse will occur. Federal reserve notes are being destroyed as I write this. Other leaders of countries know USD is in rapid decline. They are now in the middle of de-dollarizing their economies. I happen to think this is Ok. Being a reserve currency creates a lot of problems.
Laugh at Bitcoin at your peril.
(post is archived)