Currency Competition May Save the Economy or Even Much More
A fifth of all U.S. dollars ever created are just under one year old. At about the same time, Bitcoin has quadrupled in value. Currency competition is here, but the blessing for consumers is seen as a serious threat by the oligarchical elite. Just as our country reaches a cultural and political crossroads, so too is there an economic rubicon to be crossed. Beyond any other social issue, however, Americans must take a greater interest in their money. The reason is simply t h at fiat money systems have always ended up in the dustbin of history. Too often, it’s the same result for a civilization’s freedom and prosperity, even its claim to self-determination. What’s truly frightening is that the whole global economy is now under such a system of fiat, with the U.S. dollar as the world’s reserve currency. No one can precisely predict the future, but based on what occurred in 2020 , the reign of the U.S. dollar as the world’s reserve currency may not be long for this world ...