The Cryptocurrency is “As-Good-As-Gold’ Myth has been put to rest by many over the last year, but for those still holding on to the myth that cryptocurrency is going to recover and that it is ‘outside regulation’...
By intentionally wrecking things, this will give an excuse to roll out the FedCoin, which is the digital dollar or Central Bank Digital Currency (CBDC) per executive order 14067.
The problem is that the people on top, who see themselves as a distinct class and have huge amounts of both power and money, figure that they have the right to give orders to the plebs. They’re only marginally affected by the laws they pass.
As of today, central banks are enjoying their longest period of gold buying, which represents a dramatic shift in attitude from the 1990s and early 2000s.
We can conclude that a gold revaluation must be at least in the minds of central bankers, even if they don’t/can’t say it publicly. It’s not like this would be the first gold revaluation in history.
In recent days Congressman Mooney introduced H.R. 3712, the Digital Dollar Pilot Prevention Act, legislation that would block the Fed from unilaterally pursuing any form of CBDC scheme.
Pretending things were not as they really were left us all with a worse world — just as the media did with the Fed when it pretended the Fed was right about inflation being transitory and all simply parroted the narrative they were force-Fed.
