Gold is going up, and that is bad!
Keith Weiner is an interesting #goldbug. He is one of the few who isn’t trying to sell you #gold but is trying to make you use gold. To accomplish that, he is trying to help you earn gold. Gold, not dollars and then to buy gold. Simply make the amount of gold you have grow.
Browse to his website to find out how.
Anyways, I started by saying that he is an interesting fellow. And what I really meant by that is that he gives interesting interviews. This one was more interesting than the rest. it really got my mind spinning.
The interview
Here are my key takes from this interview.
The technical analysis of gold and silver show that the recent price increase is sustainable and will continue.
This is a BAD thing, it means that the markets are predicting a fiat crash. The Fiat crash will mean that millions (or even billions) will loose their life saving, be put out of work and live in poverty. Think of The Big depression, but on steroids.
Trump is pushing to lower the interest rates below zero. Increasing the money supply will accelerate the dollars devaluation. Making the crash sooner and sharper.
Banks might crash, but more probable, will be nationalized.
You really should listen to the interview to get a better sense of these things.
One Step Further
Listening to Keith I think he is right. The rising gold price has to do with the fact that the world is edging towards #WWIII. The demand for gold as a safe haven will continue to be strong, gold process will continue to rise. As the debt will become more and more unsustainable, banks will fail. Governments will nationalize them.
Even if the people in power will be pro free market, the populace are not. The electorate will put a lot of pressure on elected officials to “save” their savings. Even if that means nationalizing the banks and other sectors of the economy. Not that with the current people in charge pressure is necessary…
With an endless amount of cash and no consequences, prices will continue to rise. Enter CBCD, eID and price control.
There was no instance in history that governments did not try to implement price control as a method of stopping the rising prices of goods. Even Nixon, the president of the pro free market party (I can hardly write that with a straight face) tried price control in the 70’s.
These days, digital ID’s are being introduced across the globe. These ID’s will be tied to bank accounts, enabling the government to monitor each and every transaction. “AI systems could automatically flag suspicious activity. They might even deduct fines directly from accounts. No need for any paperwork, it’s all in the algorithm. This algorithm will be baked into the CBCD. The money that we use will be the tool that regulates us.
With such a powerful tool, those in power will not be able to imagine how price control won’t work. Anyone who argues against price controls will ridicule off any public stage.
The Social Impact
What I am describing here is the end of the free market in the US and abroad.
With the elimination of the free market there is always a need to suppress free speech. Those who will speak out against the immorality of these actions, must be silenced. Anyone pointing out that these measures are doing more harm than good, must be punished. Social media will be blocked for non eID access (to protect the children, of course), all messaging apps will be required to have backdoors. Speech will be regulated.
These regulations are already appearing on the table of law makers. The EU is contemplating forcing backdoors on all encrypted messaging apps. In the US lawmakers are calling on regulating social media. In Israel law makers are calling to make illegal “radicle” speech. When these proposals become essential to the success of the people in power, they will become law very quickly. Those who think #bitcoin will save them; I have bad news for you. All bitcoin exchanges will be forced to have a KYC. This is something that is happening right now. More and more exchanges are tightening their KYC rules and regulations in response to government pressure. Since bitcoin is not fungible, exchanges and shops will not accept bitcoins that don’t have a full KYC history. A process will be created to vet non-KYC bitcoins. Bitcoin will be just another CBCD. Tightly controlled by governments.
I can easily imagine the UN creating a body to regulate the use of bitcoin. This body will be given authority to use local resources to uphold its rules. Or in simple terms, global regulations with a global police. This will be one step closer to a global government.
Monero will probably be the coin of choice in the black market. But it would be very hard for a person to acquire Monero. Any movement from CBCD/Bitcoin to Monero will be flagged by AI and the person who was part of that transaction would be taken for questioning or have his accounts frozen.
Taking Back our RIghts
To stop this dystopian future, we must first understand that this was not brought by technology and will not be stopped by technology. Technolgy might slow things down. Technology might help fight this, but ultimately, technology can’t stop this. To stop this, we need a shift in the way people think. We need people to adopt a new philosophical framework. A framework that will help them to find the will to fight this. Once the people fight this, the politicians will stop it.
Ultimately, the fate of our society depends on our values, not on the tools we use.
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