Just wanted to talk about why I think cryptos will be the future in the U.S. and the world. First let me just say, what makes America great are the people, not the government. It's our generosity and love for others that makes us the greatest nation in the world.
Hyper inflation is right around the corner. When I see the US govt printing money out of thin air that is backed by nothing, the govt. owing more money then the entire globe's GDP (including social security, medicare/medi-cal, welfare) and when the world eventually moves away from the petro dollar, we will soon have hyper inflation. Our fiat money will lose tremendous value.
The banks will shut down when everyone wants their money back but the banks won't have any money in their vaults because of how fractional reserve banking works. They never had the money to begin with. If the FDIC insures every account up to$100k, what will happen when EVERYONE wants their money back? TOTAL MELTDOWN. FDIC won't pay us anything.
In Greece, the banks took money from their citizens.
Look at Venezuela. The people are upset, rightly so! It's a preview of what to expect for the future of the US.
Hyperinflation in action
I'm shocked to read people are resorting to eating cats, dogs and animals from the zoo to survive.
We had too big to fail and no one went to jail. The US taxpayer got stuck with the bill.
Pensions will soon disappear. Most states are going bankrupt, Illinois might be the first.
US citizens are hurting on so many levels. We have stagnant wages, there is no more middle class.
People are buried in car loans, credit card debt and student loans.
Don't forget about increasing health insurance costs.
Did I mention food costs are also going up? The packaging is getting smaller but the prices are the same?
Lot's of boom, gloom and doom right now.
And don't even get me started on our high taxes, we are getting killed out here in CA.
But the MSM tells us it's all good because the stock market keeps going up every day?
We have a huge housing bubble about to burst, a 1200 sq foot condo, not a house- a dang condo, in Southern California is $500K plus!
Once the people realize that we've been scammed/duped/dumb downed, the people will be mad/raging/hurting/angry. They will move into gold, silver and crypto because they will lose faith in our govt. and the lies we've been told.
People will start with Bitcoin because it's the most well known and has the longest track record.
BTC is de centralized, limited in quantity and nothing can stop it. Pandora's box has been opened and it can't be shut. The proverbial genie has been let out of the bottle.
Only less than 1% of humanity even know what BTC is, once we hit 10% and/or a trillion market cap plus, KA BOOM!
When the tide rises, all boats go up!
Bitcoin will go to $6,000 by year end and $10,800 by Feb 2018.
We are only at the beginning.
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What do you think the future of the United States is going to be?