The assault against dollar alternatives is now hitting a fever pitch.
If you have been following my work as of late, you know that I have been talking a lot lately about the in our faces attack against "dollar alternatives," despite the fact that the US dollar itself continues to lose value.
While most of us are acutely aware of the war against hard assets like gold and silver as dollar alternatives, this battle has now bled off to cryptocurrency's as well.
I suppose the real question when it comes to the selloff with regard to cryptocurrency is this, Who is selling?
I firmly believe that the price action that we are witnessing against dollar alternatives is being perpetrated on these markets by the Wall Street banks, and central banks, who have vested interests in keeping the people in central bank issued debt instruments.
I personally look at the attack on cryptocurrency's in the same manner in which I look at the war against hard asset dollar alternatives, as buying opportunities.
I say let them continue to play their games against these dollar alternatives- because for those of us who understand clearly that we must be diversifying away from debt instruments, like the US dollar for which the federal reserve itself has promised to kill in order to create inflation, their manipulation creates major opportunity.
Gregory Mannarino
