The total global cryptocurrency market hit a record high market capitalization on November 10, 2021. Bitcoin BTC and over 19,145 other privately launched electronic digital cryptocurrencies have been surging in value over the past decade. They have already matured to a large degree, having replaced 91 percent of commercial and investment banks all over the world. Traditional commercial and investment banks as we have come to know them over hundreds of years will likely cease to exist in the very near future – this is how rapidly things are changing over into the new digital financial system. The cryptocurrency market reached a record high value on November 10, 2021, but it has lost 27 percent of its value since then. Recent stock market activity points to an emerging asset market collapse – the noise coming out of the real estate market is demonstrating this by the day. Central Bank Digital Currencies (CBDCs) which are forecast to replace existing national paper fiat currencies will likely be even more inflationary, and even worse than that, they will remove all remaining financial liberty. Governments will have the ability to determine who spends how much, on what goods & services, and by what time – i.e. money with an expiration date. Privately launched cryptocurrencies are an attempt to preserve financial liberty by those who own them, but most of them cannot and will not survive. Case in point: 19,146 cryptocurrencies now exist, of which only 9,847 are big enough to be even traded on an exchange. A mere 96 coins have a face value of at least one American cent. Bitcoin BTC is by far the oldest and biggest of these, and it also exists in “stock market” form in the likes of GBTC – the Grayscale Trust, which trades a number of the major coins. Those investors with liquidity (especially out of locations such as the Silicon Valley) are continuing to place their liquidity in numerous asset classes with intrinsic value. It is their statement that paper fiat currencies and the governments behind them will not endure. Many assets have already been “behaving like gold” – precious metals, cryptocurrencies, real property, farmland, collectibles of all sorts such as coins, stamps, toys, books, trading cards, antique & classic vehicles, silverware, dishes & plates, artwork, NFTs, collectible furniture, and the list goes on.
Things have become so bad that nothing (and I mean nothing) said by governments or by the so-called main stream media can be taken at face value. Whatever they tell the masses is simply not true – it is a bodyguard of lies with an evil agenda. What is left of the so-called American empire is falling to the ground. Only America’s lackey states tow her line – this being comprised of Canada, the UK, the European Union, the EFTA, Japan, South Korea, Taiwan, Australia and New Zealand. The USA is rapidly going the way that the former Soviet Union did by 1991 – a very obvious political and economic collapse. The current administration in Washington is both a nightmare and a train wreck – by far the worst in the history of the once great United States. It is unlikely that it will endure until November 2024. We must hope that the very real danger of a Third World War will be brought to an immediate halt. The flow of lethal arms to Eastern Europe must cease right away, and the adversaries must meet in person to negotiate an immediate end to hostilities. Any future peace must not allow for old Cold War (or even pre-World War 2) “power blocs” or “alliances.” Both NATO and European Union must cease to exist and be replaced by something which includes all of Eastern Europe and the former USSR. Ideally, any new agreement should not have any military alliance whatsoever – militaries need to be eliminated altogether. And whatever replaces the EU needs to be far less centralized. Remember that the Brexit occurred precisely because the EU removed the liberties of the individual nation states. The EU should be more like it used to be decades ago – more like the EFTA is today. The issue here is no different from States and Local Rights.
