Money Will Insure You Against the Coming Fiat Currency Collapse.
In this report, I cover the early market action from London on Tuesday, February 12th, 2019. I look briefly at the precious metals, the stock market, the dollar, the bond market and the price of oil.
Today I look at our current monetary system and show how we are actually not using money to transact and that our current system is built on a house of cards or never-ending debt creation. What we use today is fiat currency backed by the government debt which can never be paid off or extinguished.
I also look at the origin of banking and the word bank itself and how it evolved during the Middle Ages in the Italian City States.
My conclusion is that the eventual collapse of our debt-based currency system is unavoidable as it is flawed and unsustainable. Real money like physical gold and silver will go a long way to protecting your savings in the eventual destruction of the current system.
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Good morning mario, yes the greatest ponzi ever created! a monetised rehypothecated debt system will we ever be free from it? have a great day my friend :)
Maneco, is there any world government you are confident in their ability to manage their monetary system, how about Switzerland? Genuinely curious if anyone is getting it right. Thanks as always.
Hi @rhyscn, The short answer is NO because all governments around the world have given the Central Banks and their owners (the International Bankers) a legal monopoly to control and issue the currency. Switzerland is not any better as the SNB has private shareholders and its stock is even quoted on the Zurich Stock Exchange.
Very interesting. Appreciate the answer.
Mizuho bank which is one of the four mega banks inJapan prepares to launch the first criptocurrency called J coin transferable to yen at 1:1 ratio in this year. I think that means Japanese government and BOJ already knew yen and the Japanese banking system is unsustainable.
Thanks for the information.
I also so a headline that the BOJ is running out of JGBs to buy and are therefore tapering on their QE exercise.
Yes I often explain this to people and they just can't comprehend it sad really. Always directed them to Positive Money website.
A question I have a few sliver coins, I want to buy more and am tempted to go for the cheaper ones and have bulk rather than best design. As far as I can tell the quality and weight of the silver is the same? 💯🐒