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RE: THIS IS THE MOST IMPORTANT VIDEO YOU CAN SHARE: Economic Expert Exposes Collapse is Near

in #money7 years ago (edited)

That's a great Jefferson quote they start with:

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.”

Too bad there is no evidence he ever said it: http://www.snopes.com/quotes/jefferson/banks.asp

When you look at her website https://www.itmtrading.com/ it really tells you all you need to know. She's a gold bug. Valuing stuff based on a commodity that can be mined out of the ground is silly - do you really want your wealth to halve if some huge reserve of a gold is found one day? We wouldn't accept that from our cryptocurrencies, why accept it from gold?

And the whole "going to zero" thing is specious. The 4 cent value is just the net effect of years of inflation. There is no amount of inflation that can ever make it go to zero (except infinite). Negative interest rates are easily defeated - the stock market goes up far more than that and you can just take your money out of banks which they don't want because it will cause the banking system to collapse. This kind of instability has no support from the wealthy who control the government, they have nothing to gain and everything to lose. This story is just normal FUD fear-mongering conspiracy theory stuff that has been circulating for years.

Think about she runs a gold trading company - and probably holds a lot of it - it's in her best interests to talk up the value of gold, which isn't that intrinsically valuable relative to the demand and amount we have sitting in vaults for no good reason (like diamonds) and the amount mined every year. If there is a huge panic over the dollar and everyone buys gold she makes bank.

Meanwhile - have you heard the good word about Bitcoin? Or Ethereum? Price in BTC gold is worth almost nothing compared to what it was when Bitcoin launched. I'd dump that Gold ASAP because soon it's going to be zero BTC and you'll be forced to use Bitcoin by the evil blockchain Illuminati (did you know that Satoshi Nakamoto is a member of the Illuminati? And the Pentaverate!)

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"Satoshi Nakamoto is a member of the Illuminati" - Lol....and you provide no proof CNN style.
With the benefit of mixing services, transactions via blockchains can be anonymous. The Dash payment network is a great example. Anonymous transactions via blockchains or tangle technology vs KYC controlled central bank issuance transactions using banks and the likes of VISA, MasterCard and PayPal.

I think you missed that the hole last paragraph was in jest.... sorry I missed the j/k, I figured it was obvious. But thanks for reading anyway!

Be careful with the mixing - like Tor it is relatively easy to leak out information accidentally especially if you make enough transactions. But yes, probably still better than the bankster operated networks.