Comment Assets vs Fiat Currency (Score 1) 532
Trusting one's wealth to fiat currency is foolish, it's being manipulated via fractional reserve banking and it's backed by good wishes by the issuing authority. If you google bsi.org and derivatives, take a look at the PDF for 2H12, $633T dollars worth of derivatives changed hands. That's just under $4T every 24 hours. That market nearly imploded in 08 until Bush and his TARP saved the day for some. Reason I why I am pointing this out, nothing has changed since 08, derivative market which the banks (including the Federal Reserve which is not apart of the US government) have been playing as a one arm bandit, is even more unstable today. If a bank goes bust playing the derivative market, new US laws says the holders of the derivatives has priority over the depositors. If you think the FDIC is going to save your money, it has enough to cover 1% of all deposits which should cover 1% of the banks closing. If it goes higher then that, expect to see what Canada has, bail in where depositors lose x%. Now if enough banks get caught in a derivative implosions caused by currency wars, trade wars, and interest hikes, central banks will have to pump massive amount of money to replace the 85% that is currently out there via fractional reserve banking and other self created banking fund gimmicks that will disappear with bank closings. Which means fiat currencies could lose massive purchasing power in a few days while assets climb to massive heights.
In other words, some Global Elites will wake up one day and take the red pill and act accordingly.