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RE: As the Economy teeters on the brink of Recession, US Debt levels are absolutely exploding..!!
Stephen,
As a citizen of the U.S. I am ashamed at how the U.S. has abused its privilege of being the world's reserve currency.
Hopefully with Basel III the U.S. will lose some of that privilege.
No matter what national currency it is, I am against fiat money and for sound money. Fiat money has been used to prop up markets, create asset bubbles, make the elite richer, and pacify the masses by giving them a world of illusion. The normal economic business cycle has been distorted beyond belief. Returning to sound money will be extremely painful, but in the end it is the best system.
Thank you for your unwavering support of the STEEM eco-system!
Steem on,
Mike
Thank you so much for using our service! You were protected from massive loss up to 20%
You just received 20.52% upvote from @onlyprofitbot courtesy of @etcmike!
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More and more people are finally waking up to the fact that Central Banks can print limitless amounts of paper currency and back it by issuing limitless amounts of debt.
It's not rocket science how the Banking and Financial System works and more people are slowly working it out.
This trend of self-education and self-awareness of the Centrally Managed Banking System is speeding up.
I would be amazed that within the next decade the majority are still uneducated and unaware of what is going on.
On this basis, I am sticking absolutely and without any shadow of doubt that Bitcoin will hit +$1,000,000.
Thanks again Mike for your overwhelmingly support these last few years.
Kind Regards.
Stephen