Yesterday Was The Birthday Of Satoshi - The 5th Of April - The Day That The FED Confiscated All The Gold - Rejection Of This Law Led To Jail Time In ‘The Land Of Free’!

Congratulations with the birthday of the creator of Bitcoin! This date was obviously chosen, it would harm Satoshi’s anonymity and would be very coincidental when it was his real birthday. The reason to choose this day was probably because in 1933, when the great depression was fully underway the American government ordered all citizen to deliver all their gold to the FED within a month!

The entire population was ordered to deliver their gold to the FED within a month

Wow, can you imagine? That your government confiscates your wealth under the threat of being thrown in a cage (=jail) for up to ten years!

What happened back then?

In 1929 the great depression started, a total collapse of the world economy was underway. That time the gold standard was still in place, the FED was obligated to back 40% of the Dollars they issued by gold and this limit was already met. By confiscating gold from the population they were allowed to print more money to boost the economy and decrease dept.

The FED needed the gold to print more money again.........

The FED stole the gold from the population to enable themselves to counterfeit (is theft too) more money to resolve the mess THEY created. Why does this institution still exist?

What can we learn from this event?

The lesson we can learn is that the (central) banks will rob the population first to the last penny before they go under themselves. Even worse, the governments will back them with violence (jail, guess what happens when you resist? yes violence!) to enable them to rob you.

It really was enforced.......

When you think this was only the case back then, think again! In the banking crisis of 2008 the banks were bailed out with taxpayers money and no single banker went to jail, while they effectively stole billions of dollars. Even worse, the EU is now working on a law to enable banks to freeze your bank account when there is a threat of a bankrun! (When people want their OWN money)

We are heading to a recession, but in my opinion we are in a depression already.

In 2008 non of the issues that caused the crisis were solved, but bad actors and unsustainable businesses got bailed out with taxpayers money and the markets were forced back up by QE and low interest rates.

In my opinion we should still be in a recession without all these stimulating measures, and since a ten year recession is called a depression, I say we are in a depression right now. Also, if you follow the Kondratieff cycles, we are now around the bottom, near the same point in the cycle where the huge crash in 1929 happened. When you don't agree, I want to ask you:

Do you see real wealth among the middle class, as should be the case when financial markets are on a all time high? Or is almost everyone living from paycheck to paycheck? High conjuncture? Really?

According to the Kondratieff cycles we are now near the same point as 1929......

If we are in a depression, it makes sense to expect that (central) banks and governments will do crazy things again. They might steal your life savings through taxation, inflation and confiscation. Do you agree if they confiscate your assets, or do you want to protect them?

How to protect your wealth?

Firstly, all paper assets can be frozen, confiscated or become worthless instantly when the issuing party can't deliver. Secondly, money in the bank is not yours! When the bank can’t pay you back there is nothing you can do! When you own an asset, always own the real thing! Bitcoin and Gold are both immune to inflation and can be protected against taxation and confiscation when held in the right way.

Gold can be confiscated when you store it at home, this risk can be decreased when you store it in a trusted bullion bank spread over different jurisdictions like Singapore and Switserland. In these countries governments are relatively trustworthy and wealthy, so the taxes are absent or low and the chance of confiscation is small.

Bitcoin can be protected against inflation and confiscation when you use cold storage and multisig and store your private keys on different places or in different jurisdictions. Another way is to use hidden wallets on a hardware wallet. Protection against taxation is also possible but that is more complicated and I will not inform you on that issue.

In short: Always keep your own private keys and never buy paper assets!

Congrats Satoshi! You are a hero whoever you are!

Disclaimer
This is no financial advice, just my view on the market.

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