Alan Greenspan - The truth behind gold and silver...and now cryptocurrencies.

 "In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.

This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights."

-- Alan Greenspan, "Gold and Economic Freedom" in Ayn Rand, ed., Capitalism: The Unknown Ideal (New York: Penguin Group, 1967), 101-108

If Cryptocurrencies are a store of value - read that as "an undefyable store of labor and production" - then the new frontier to store wealth is Cryptocurrencies....in addition to the tried and true store of value - gold and silver.  

Rome devalued its currency (once gold, silver and bronze). That devaluation caused the real demise of the Roman Empire - in spite of what you were taught in school by "State sanctioned history books."  Here in the U.S. and across the globe, we are on the same path. Fiat debt based dollars will lose value over time. It's a mathematical fact and speaks volumes to "those who were charged by the Constitution to protect our currency" - Congress. When was the last time you heard or a bill let alone for a Congressional cry to revert to Gold and silver? Stimulus is a means to hold up prices which would normally deflate due to technological advance. I rest this point. 

Folks. When you create "something from nothing" - dollars - and charge interest on its creation - the debt based note can never pay off the interest on that debt - for the interest was never included in its creation. There is not enough money in the world to cover the debt AND interest. 

Further, those who control the perceived value - the value measured as the store of labor and production - will spend that value like drunken sailors. Have you seen the national debt lately 21 Trillion and counting? Debt is exponential in nature without an external control regulating spending - gold, silver, crypto. 

In the end, all fiat debt based "dollars" will revert through inflation to their natural intrinsic value - the value of paper. On the other hand, gold and silver will rise and so will locked mined crypto. "What's in your wallet" will take on a new meaning as people just like you and me run for a solid store of value.  Our lifeboat during inflationary times is to move everything we can into a solid asset foundation...away from the falling dollar. 

Lastly, "Property Rights" are core to this discussion. Money, assets and intellectual property all fall under property rights. The end goal of the DS is you will own nothing and rent (or be given because you serve a purpose) the right to use them - providing your contribution to society or DS end goals is deemed needed. 

The rest, well...they are simply not needed and are a burden on the NWO system. 

Jim Rohr

Rohr: Why Crypto's will beat the dollar - Comments to a Motley Fool chat with Mr. Matt Frankel

Hi. Jim Rohr here.

Pay close attention. I hope you learn something here as I did.

I am commenting to the cut copy below which are comments by Mr. Matt Frankel, posted as a chat dialogue on The Motley Fool.

It will make sense I promise. Read my comments and then read the chat with my comments in mind.

Point 1 - Value is determined by scarcity, and demand. The more of either the higher the perceived or real value. In both cases one could make the argument that some coins are going to be in demand and some not. Market cap and trading volume are indicators of what others think. Follow the trends.

Point 2 - In the end it will be like all markets - a 3-4 person race. Look at rental cars as an example but others could be sited. There is Hertz as #1 and then there's everyone else. Market share will be divided by the leaders...the rest playing catch up. Or phones. Samsung, Apple and everyone else - Nokia, LG and Motorola.

Point 3 - The "hidden message" here in his comment is simply this: Dollars can be manipulated because they require a custodian - the FEDRES and US Treasury. AND the value of a dollar as to spending power is falling and has since its creation in 1913. This is why you can't afford the new _______________. Not so with Crypto. No custodian and no market manipulation per se. As in Point 1, crypto is scarce and the market is saying we (the market and consumer) need an electronic payment system in an electronic world. If you are holding cash be prepared to have it eaten away to almost worthless in the next year. It's lost half its value in the last 10 years. That's your 401K spending power being absorbed. Concerned yet? Pay rising to match the 50% loss - measured at 0.7% per month? I doubt it.

Welcome to the new world of "the store of value."

In one camp is gold and silver. In the other is Crypto. In the third is the dollar. If you are holding the first two, your good. If your holding the latter in an inflationary cycle, you're well - betting on deflation - and that my dear friends is a fool's bet. (Think - a dollar buys more during deflation. Get it. So what's the opposite condition? Dollars don't buy squat in an inflationary condition. Think - inflation = cheaper payoff of debt. Who has the most debt? Right. Got it.)

(Jim Rohr 2020)

Frankel: Well, as far as mainstream adoption as a currency, there's two use cases, there's adoption as a currency and, kind of, as a store of value. So, as a currency, I see three main obstacles to really mainstream adoption of bitcoin. One, it's very volatile. You don't want to buy a type of currency that could be worse twice or half as much in a week. And if you don't think bitcoin could do that, look at some of the charts from the past few years, bitcoin can go up or down by a few thousand dollars in a week. So, that's another thing, the volatility scares people away.

No. 2, there are too many cryptocurrencies [laughs] and it's easy to make a new one. So, when I was checking just before we were on the show, there are over 4,100 active cryptocurrencies right now. I mean, most of them aren't big, but there are a lot of big ones. There's over 10 that have a $1 billion market cap or higher. There's a lot of cryptocurrencies out there, and it's pretty easy to, for institutions if they want to, to make their own. So, the idea of bitcoin at first was one central currency, but if there are 4,000 of them [laughs] floating around, it's not really that... it defeats the purpose.

And No. 3, as you mentioned, there are some really easy ways to pay with [laughs] U.S. dollars right now with a lot of these fintech innovations. I mean, I tap my wallet on a card reader at some places now and I could make a payment. I mean, U.S. dollars aren't that tough to use anymore. So, in my mind, for bitcoin to get mainstream acceptance, it needs to do something that you can't do with dollars, which I get that there's a lot of use cases for international money transfer and stuff like that, but between volatility and the fact that there's literally thousands of them. And the innovations in dollar-based fintech, I really can't make the mainstream use case myself.

Source: https://www.fool.com/investing/2020/12/03/crypto-mania-is-back-and-retail-reits-are-too/