Embrace Precious Metals/Crypto and save yourself

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There are two basic reasons why most people don't know what has caused the economic crisis:

• The mainstream media does its best to keep the public ignorant about the true causes of the crisis.

• Most people are so busy trying to survive day-to-day that they haven't had time to think about the long-term consequences of their actions.
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In order to understand where we are now, you need to know something about how our economy works. It's based on the assumption that people are rational beings who make decisions rationally and act in their self-interest. In reality, however, most people behave irrationally. They do things that hurt themselves because they believe those behaviors will help someone else.

You may wonder why I am discussing economics at all. Well, in part it's because this is an important issue. But I also believe that if more people understood the underlying causes of our present difficulties, they would be better prepared for the coming events.

Money is an illusion

If you want to understand why there is widespread misunderstanding and confusion, you don't have to look further than the world of finance. Financial "experts" like to talk about risk as if it were some kind of mathematical certainty. In fact, however, it is not.

And while the financial industry likes to pretend otherwise, the truth is that money doesn't really exist. That's right: It's an illusion. There are no dollars, yen, or euros out there in the real world.
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Instead, they're nothing more than numbers in a computer somewhere. Of course, since we humans have always needed a way to measure our value, we've taken this number and used it to create the appearance of actual currency.

So why is it that some people get rich by trading these numbers? Why is it that the world's richest man is an old guy named Warren Buffett who made his fortune investing other people's money? And why do so many experts in the field continue to insist that the stock market is the best place to invest your money? Because in our society, with its emphasis on consumerism and instant gratification, most people can't conceive of any other way to accumulate wealth.

It's hard to comprehend the forces that cause us to behave irrationally, but you don't have to be an expert to see their effects. One of the primary ways in which the system creates irrational behavior is through advertising. As I mentioned earlier, most people don't think very deeply about what they buy and consume. They simply want something that makes them feel good.

So companies spend billions of dollars every year convincing us that the latest technological gadget is the greatest thing since sliced bread. In reality, however, most of these gadgets aren't worth the cost.

So what happens when people realize that they can't afford to buy everything they want? What happens when they find out that the money they thought was going into their savings accounts isn't there? Why, they panic, of course! Their emotions tell them that the end is near. Without any rational basis to back up their fears, their brains react automatically.

As a result, they start searching for scapegoats—and the government is the perfect target. With politicians in power, it's easy to convince people that the problem is not in their behavior but in the behavior of the powerful. Since the politicians can't be held directly responsible, the only solution is to blame the bankers and the corporations. They're the ones who have taken away our freedom, destroyed our prosperity, and killed the American dream. Isn't that obvious?

But if you scratch a little deeper, you'll find that the root of the problem is far more complicated than that. You'll also see that it is entirely preventable. But first, you have to look beyond the lies and deceit that have been told to you over the past decade.

A different perspective

I'm sure you're wondering why I'm telling you all this. After all, the mainstream media doesn't give you much opportunity to hear the truth. And besides, you already knew that our economy is a mess.

My purpose here is to show you a different perspective. You need to understand the roots of our current problems to avoid making the same mistakes again.

Let me explain. Most people believe that money is created when banks lend it out and that it circulates through the economy. This is just another myth that's been perpetuated by the financial industry. In fact, money does not come from anywhere. It's just a number. Money isn't a physical object. It's simply information.
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Now let me ask you a question: When you were born, did anyone hand you a dollar bill? Did your parents give you cash? No, they gave you something else: a birth certificate.

On this document, it says that you're entitled to certain rights and benefits, including the right to collect Social Security and Medicare. But it doesn't say anything about a dollar bill.

In this way, you were given a piece of paper that represents an amount of money that exists only in the minds of others. The government has long recognized this fact by requiring that everyone who receives a pension file tax returns, even though he or she never actually received any money.

The same principle holds true for banknotes. Every time a bank lends out money, they create new entries in their books. But as I said earlier, these numbers don't exist in the real world. They're just representations of reality.

While we've been taught to think of money as being handed down from one generation to the next, it's important to remember that it didn't always work this way. Before the advent of central banking, countries had money of their own that circulated freely. If someone wanted to buy something, he would take his money to the local bank and exchange it for goods or services. This is called barter.

The monopoly on the creation of money

In the early days of our country, most of the population was self-employed. People owned businesses and farms. In those days, the money used to purchase goods came from their earnings. That's why the concept of credit wasn't necessary. There was no need for a third party to grant loans.

This changed when the banking industry began to grow. Banks became the middlemen between borrowers and lenders. They collected deposits and lent them out at interest. They also took a cut of whatever profits were generated by the borrower.
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Banks are heavily regulated today, but that hasn't kept them from becoming huge multinational corporations. In recent years, they have become so large that they now rival governments.

These organizations operate under the illusion that they hold a monopoly on the creation of money. They argue that because they control the supply, they should be allowed to make an unlimited profit from it.

But just like other products and services, money is subject to competition. The fact that the government allows banks to print money doesn't mean that they have the exclusive right to do so.

For example, there's another method of creating money known as fractional reserve banking. Under this system, banks only keep a small percentage of the money they lend out. In other words, they loan out more money than they actually have.

If things go bad and they lose money, they can always borrow more from the Fed. In this way, they create money without having to produce it themselves. And since the Fed pays them interest on the money that they borrow, it's a win-win situation for the banks.

When you consider how big the Federal Reserve has grown, it becomes clear how much influence the financial industry currently exerts over the economy. Because it operates with impunity, the Fed has the ability to dictate economic policy.

But what about the rest of us? We don't have the power to print money. Is there really nothing we can do to improve our situation?

A solution

There is. And the answer involves moving away from a debt-based monetary system and returning to the old ways of using gold and silver as currency including embracing cryptocurrency.
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As I mentioned earlier, the value of a currency is based solely on confidence in its worth. Today, the dollar is backed by a mountain of debt, which makes it unreliable. Just as the banks created the money you have in your account, they can also destroy it.

By contrast, digital currencies such as Bitcoin are completely decentralized. The supply is controlled by mathematics, rather than by politicians or bankers. And since it's digital, it can't be destroyed.

Of course, people might say that cryptocurrencies aren't backed by anything tangible. But in return, they offer greater safety and stability.

No one knows what will happen once the current system collapses. But the smart thing to do is to prepare for the worst possible outcome. Otherwise, you'll find yourself in the same predicament that most Americans are facing today.

What if the government decides to confiscate all of the gold and silver in the United States? What if they decide to outlaw private property altogether and turn America into a socialist state where everything is owned by the government?

That might not sound too farfetched. After all, the Soviet Union tried something similar during the height of the Cold War.

Fortunately, there are alternatives available. You can protect yourself by building up a nest egg of assets that can't be confiscated or devalued. These include precious metals such as gold and silver, as well as cryptocurrencies.

It's important to understand that this isn't the first time the market has faced a major crisis. During the Great Depression, people turned to gold and silver as a way to preserve their wealth. They weren't able to rely on the government to bail them out.

Today, we're dealing with a different kind of problem. Our economy is far larger than it was back then. But the fact remains that the government has too many levers of power that they can use to manipulate the markets. That's why it's crucial to diversify.

If the stock market crashes, you want to ensure that your portfolio is strong enough to withstand it. If the dollar collapses, you want to have a backup plan in place that won't be affected.

The best way to achieve this goal is to invest in physical gold and silver. While these precious metals are still subject to government regulation, their price has proven itself through the test of time.
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If you own some of them, you'll be better prepared to weather the storm. And even if none of it comes to pass, you'll still have an asset that has been proven to retain its value.

Let's say that you did everything perfectly. You bought a ton of gold and silver. And you converted your savings to cash before the stock market crashed.

Then, the government decided to nationalize all of the gold and silver mines. In addition, they outlawed private ownership of precious metals. Anyone caught with them would be thrown into jail.

How do you think your investments would fare after that happened? Would you be able to survive the crash? Or would your portfolio be wiped out entirely?

Unfortunately, there's no way for me to know. But the truth is that I'm not sure anyone could predict the future. It's impossible to predict what will happen next.

However, there's one thing that everyone can agree upon. When the government steps in and tries to take away your rights, you should fight back.

Because when the government takes away your freedom, that's the beginning of the end.

Right now, you have a chance of winning, and cryptocurrency gives you this fighting chance. Take it and change your financial outlook around.

Posted Using LeoFinance Beta



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7 comments
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Yes, physical precious metals gold and silver is a great store of value and wealth!
!PIZZA

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I am so glad you agree, Ma. Thanks for reading.

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Gold & Silver, and a tiny bit of platinum along side a Crypto portfolio because I believe that my pension will be plundered by my government of its buying power well before I begin receiving it.

Posted Using LeoFinance Beta

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It's better to be on the safe side with gold, silver, platinum, and crypto as you are firmly doing than to wait and see what the government will do with your pension. You are making a wise decision. Thanks for reading. 💞

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Money isn't really? It's an illusion, yet I don't still have it, now I am really mad! 😅

Honestly with all that is going on in the crypto world lately, outside of BTC and ETH, Hive is the only other coin I can rock with.

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Haha... You should be mad about this, sweetheart.. 😆😆

Yeah, Hive is Gold 🙌😍🤭

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