By The Librarian
Bitcoin was developed to replace the current banking system which has failed most of humankind.
Its growth is almost exponential and it will soon threaten the US dollar and gold as the International Reserve currency of choice.
How much longer until the prophecy at Ezekiel 7 is fulfilled where it says:
19 They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the Lord: they shall not satisfy their souls, neither fill their bowels: because it is the stumbling block of their iniquity. Another version says:
“They will throw their silver into the streets, and their gold will become abhorrent to them...."
Some might ponder whether the rising growth of Bitcoin can be seen as a barometer for the proximity of Armageddon?
50 years ago today. August 15, 1971. This Announcement was made to remove the U.S. from hard money to fiat currency.By TheWorldNewsOrg
Foreigners could still demand gold for Dollars until that date. The US wasn't able to fulfill that promise due to exploding debt caused by the Vietnam war. The French tried and sent warships to New York in order to pick up their gold. If other countries followed suit, the gold reserves would have depleted completely.
When Nixon looked in the empty vault he knew the gig was up.
As long as you can actually get the physical gold from the party with the printer, then the system can't just run amok, because there is always someone who will call you on your bulls#$%. Clearly it was not 100 % backed, but the system can work, as long as there isn't a run on the bank, like there was in 1971.
In 1971 the USA was on the Bretton Woods system, USD was 40% backed by gold. This move by Nixon screwed over most European countries that traded with US.
The USD was like holding gold, until the music stopped.
The majority of Americans buy American made products. Fast forward 50 years literally nothing is made in America anymore
In 1980, the US was the world’s largest exporter of finished goods and the world’s largest importer of raw materials. Now, they’re the world’s largest importer of finished goods and world’s largest exporter of raw materials.
And now gas is $4.90 a gal in CA... Fed is still at it today with fiat money printing. Gas was .36 cents per gal 8/13/71
Also.. FWIW: This also allowed for the unlimited funding of the Democrats Welfare State we have today. Otherwise known as Johnsons Great Society.
Over the last decade the annual return on Bitcoin is 132% and the annual return on Gold is 0%.
Grab your metal detector!
For several months gold and silver jewelry, ornaments, and golden nuggets have started washing up on the shore of a small Venezuelan fishing village that had been devastated by the country’s economic crisis and COVID-19.
Yolman Lares was the first to find treasure on the beach in Guaca in September when he found a gold medallion with an image of the Virgin Mary.
“I began to shake, I cried from joy,” Lares, 25, told The New York Times. “It was the first time something special has happened to me.”
Read more: https://nypost.com/2020/12/12/mysterious-gold-jewelry-washes-up-on-venezuelan-beach/
They would enter orders and then cancel them before they executed. A process called "spoofing"......
this would effect the pricing of the gold and silver which they would then profit on.
Steal BILLIONS for decades.... get a fine in the millions...... = cost of doing business
By Just another man
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By Guest Nicole
By Guest Nicole
This ring was made for me by a jeweller a long time ago with the remainings of my brokenÂ necklets not to waste them.Â
It wasÂ Â very helpful sometimes since some men looked at my hand first before flirtingÂ
What do you withÂ your broken golder or silver objects? do you repair them or melt them and make new ones?Â
By Guest Nicole
I prefer silver.
I don't like that yellow color of gold, maybe I should preferÂ white goldÂ