Yeah.
But odds are pretty good the Fed has seen that chart too... as have all the bankers... and the BIS... and everybody else...
I think the bankers today don't "got this" as much as they pretend to... But, I also don't think they're quite as clueless as bankers were a century ago...
And, then, we don't really have independent money, now, that is not linked to every other form of money... somehow... inlcuding that gold and silver are "controlled" through the derivatives trade... making them, also, into adjuncts of the current monetary system in terms of their current (paper) price and trading patterns...
Crypto is no different... the beliefs and preferences of its fans being irrelevant in relation to the reality... just as is true of silver bugs. Crypto has been tolerated as a useful distraction... that keeps its advocates focused on thinking they're "ahead of the game" and expecting they'll be able to magically escape what's coming. I expect crypto to be less than a speed bump. It crumples when Elon Musk scowls ?" Its promoters are pretending China's directives in relation to it... don't matter ? That is about as detached from reality as you can get.... without it ending only when some small child starts laughing and pointing out "Mommy, that man is wearing no clothes." That is also what seems to me largely the point of crypto... is the wishful thinking in the escapism being advocated by its acolytes... not different than gold and silver fans in wanting to be insulated from the monetary reality... but, consistent with the age, doing so by simply declaring they no longer identify as members of fiat society. It is the sort of indulgent pretend thing that is only survivable in a bubble... where the pervasive disconnect from reality enables it... as, like pets.con... "it could happen."
The disturbance, last week, as China told you, again, what they're going to do in pulling the plug on crypto... while imposing a new digital currency of their own... stripped of all those great crypto features that the anti-government crowd think will insulate them ? Crypto... is just another part of the system... that will live and die along with it... depending on the decisions made by people who are not trying to launch a new coin...
The probability that globally coordinated monetary policy... which we've had for years now... will follow what Germany did in the Wiemar Republic... is probably pretty close to zero.
What that leaves... is still the dollar being the cleanest shirt in the dirty laundry... right up until Biden's laundry service took over the washing duties... but, still, with not a single one of the other currencies being capable of avoiding what happens to the dollar... and not a single one of them able to replace it ? But, also, with not a single one of the others WANTING to replace it... as not wanting the responsibility... and not wanting the limits on their ability to debased faster to gain an edge in trade. In 1918 - 1923, if your wealth was in dollars or in British pounds... you could look across the Atlantic, or the Channel and marvel... "look at what the Germans are doing" ? But, then, 60% of world trade was not denominated in Marks... and Germany's currency was not "in the same boat as and with all the others" as is true today ?
All the talk about a "Great Reset"... remains nebulous in terms of what that means... but it makes it pretty clear there is a plan, or plans... pushed by the WEF crowd... that probably does not include suffering through five years of random whipsaws in currencies relative to... anything and everything else.
The policy you do see... from Biden and the Fed... makes it appear they couldn't care less what happens to the dollar... The most likely reason for that... is that they couldn't care less what happens to the dollar.
But, why would that be ? Perhaps... they figure they only have to keep the wheels on until June 21st ?
And, that would also explain their insanity in trying to ensure they had their Soros paid for lackey in place at the point where... they do to us what they're planning to do ? |
