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Yes, what he said ☝️👆and it's interesting how the nations round the world are hoarding both metals and "digital assets" like Bitcoin & most recently ETH. My understanding is now that the SEC is backing the legacy system by "allowing" those ETF's to be laundered into their broken system of debt. Isn't it obvious what the agenda is there? Using greed to manipulate investors into believing now that it's "safe" to subsequently "buy digital assets" that were inherently too risky for them when it's been out there since 2009? Their not even going to use the network other than linking into it on side chains then require users to facilitate transactions on The FedNow network. That was reverse engineered off of the existing block chain networks. I'm thinking we won't be thanking Ripple Labs for how they made their Deal without compromising to/with the SEC.

Going fully electric, including our money in the hands of the perpetrators of every financial disaster known to mankind is a recipe for world slavery at its worst.

O'Biden and crew just met with Africa this weekend to codify the UN's agenda to conquer African resources - "the last frontier" as they're calling it. We should follow up on what "big- deal" O'Biden made and listen for the announcement of such. Juicy details will be left to our imagination but worth the effort to know what terms are made involving taxpayer funds attributed for the remaining 10 Billion promised by the UN, that is providing around 80 Billion or so of whatever the total figure was in that deal to "electrifying 300,000,000 Africans without modern electricity. The details of this is worth reading because It doesn't include mega powerplants or giant nuclear powered plants apparently. It's slated as Distributed electrical grids which aren't being slated in the UK or the USA? VERY, VERY interesting.

The digital asset ecosystems only work fairly the way they do when the Market contributes in a autonomous faction. The manipulative Tradfi and fiat currencies pumping into the digital asset market is designed to induce chaos and speculation well beyond the volitility of what cryptocurrency has already experienced. Imagine the worst possible scenario and multiply that by billions. It's a travesty how people can't imagine life without those parasitical entities in it. The other factor to laundering fiat debt currency would be to basically exchange their useless debt for newly mined and minted cryptocurrency. Duh!

So yeah, some folks might get ridiculously flush with gains in ETF'S and cryptocurrency projects but the price paid isn't worth the electricity it's printing the CBDC's with. Get it?

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"gold is the only financial asset that’s not simultaneously someone else’s liability."

Perhaps you've heard of Bitcoin? Ethereum? They've even outperformed gold over the last decade or so. Pretty hard to say they're not "financial" assets with all the money flowing to their ETFs and with the SEC (until recently) asserting one of these is a "security."

I get your point, though, and I do own a little gold.

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I have. Lol. And you're def right about Bitcoin. Here though, I was thinking more about well-established financial assets that countries like China hoard as forex reserves:)

https://www.crisisinvesting.com/p/theres-more-to-chinas-us-debt-dumping

Thanks for your comment!

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