Gold-Backed Crypto - Are We Going To See It?
People have been kicking around the idea of a gold-backed crypto currency.
There are so many people that want "intrinsic value", that many have said, why isn't there a gold backed crypto yet?
(Of course, those who KNOW the reality of digital scarcity say, why do you need gold? It is just an extra step, and an expensive extra step. There is 21 million bitcoin, that's it. There 244k tons of gold… 488k tons… 15m tons…)
And, indeed, why isn't there a gold backed crypto? We have vaults all over the world that will allow you to buy and sell, and the gold never leaves their vault. Any one of them could create a crypto. Even if it is just to trade the gold in their vaults. But, really, we need something bigger, something with more name recognition and people believing that they will stay honest.
How about The US govern-cement?
Well, this might happen.
What happens when everyone loses trust in fiat?
When the banks are found out. When the corruption is laid bare, then we lose faith in the fiat currencies of the world.
(It is sad that people haven't lost faith by knowing that fiat is printed out of thin air, causes inflation and war, and is slowly choking everyone to death. No, that isn't enough reason to drop crypto. Finding out that the banksters printed 100x more money than they said, that will be why people drop the fiat)
So, we have lost faith, now what?
Well, there will be people (good and bad) that try to introduce a new currency.
And if there is nothing backing it, most people will not accept it.
Soooooo, we have a good chance that a gold backed fiat currency will be issued.
There is a good chance that this fiat will be put on a blockchain, mostly because it is far easier to verify and have it work between multiple big players.
Gold is flowing into America
We are simultaneously saying, where is the Ft. Knox gold? while noticing that a lot of shipments of gold have arrived in New York, and then disappearing.
A lot of speculation:
- people are pulling gold out Europe because it is becoming a tinder box. NATO and Russia, where will that go?
- the Fed is trying to get the gold back into Ft Knox before it is shown that they stole it.
- A gold-backed crypto currency or a gold-backed dollar is in the plans.
- The Rots-childs are preparing for World War
- Europe is paying for NATO armaments.
My favorite is that someone is preparing for a gold-backed crypto / dollar. If someone sees the house of cards that is the banks, and is looking forward to offering a new dollar, and sees that no one will accept anything less than gold-backed, well, then the movement of gold makes sense.
Gold being revalued
Here is a trick that many banks have used.
Turn in your old notes for new notes, and you have a limited time, and you need to verify that you got these notes legally. This has been done many times. And the big thing it does is limit how much of the black market money can get into the new system.
And this may be really important if we find out that over 100x or 1000x money was printed to pay black mailers, extortion, to keep people quiet, and black budgets. If we can cut off these monies from entering the new system, then we can stop a lot of inflation from rampaging through our new system.
Soooo, lets say President Trump is actually planning this (well, those behind him) then, he would find out how much gold we have, and then revalue that gold in alignment with how much currency we really have.
Instantly gold goes up to $5k or $10k an ounce. And this is only M1 / gold in Ft. Knox
And, if Trump is doing this against the banksters, then M2 is left as FED notes, so your mortgages is payable in these things that are quickly becoming toilet paper. (we can hope, but don't sell your crypto yet)
(Oh yes, this also screws over the whole world who has a lot of our dollars)
Other parts of this theory
We may be looking at the beginning of a North American Union "Dollar" (Canada, Mexico, USA and Greenland as has been laid out in WEF documents)
And, there may be a really good reason to do this, as we sorta separate from Europe and the big wars going on over there. Or, separating us from the City of London. All kinds of reasons that this might happen, just as the WEF planned, but not for the reasons the WEF planned.
The horrifying thing is the blockchain that could most easily handle this "North American Dollar" would be XRP. They are already working on stable coins, and replacing the SWIFT system, and have deals with many central banks. Trump and Garlinghouse seem close, at least he was one of the first people Trump saw in the Oval Office. And XRP was one of the first mentioned in those that The US would keep as a strategic reserve.
What a mess.
I do believe that if the new "whatever" is backed by gold, that many people will choose it over most anything else. I do not believe that gold, as a backing, will be important that far into the future, but right now, it seems like the thing. (And just look at all the countries around the world that talk about issuing a gold-backed currency, China, etc.)
Is Trump working for/with the banksters? the jevvs? the IsReal? Putin? We don't know. There is so much evidence that he won't go against IsReal, but is he just playing them until he can cut them off? It would look the same either way.
The only thing for sure is that as tensions rise about the stability of fiat, gold is going to become much more sought after. And that will make a gold-backed crypto lucrative enough, and there will be enough demand for somebody, probably several, to create a gold-backed crypto.