The End Of Money? (As We Know It)

The End Of Money? (As We Know It)

Unless you’ve been sleeping under a rock for the last 12-13 years, you’ll be aware that significant changes are going on in the financial world. Is it the end of money as we have known it?

 

Money and Currency

Money and currency are not the same things. Currency is a fluid means of exchange; it is divisible, portable, durable and interchangeable. Money is all of these things, but it also a store of value; something which currency is not. Money is a tool for trading time and freedom using your free will – it is a store for your economic energy until you’re ready to deploy it. 

We have been hoodwinked into using currency, instead of money. And this is why throughout all of Human history, fiat currency collapses – because there is no store of value.

Wealthy people and the ‘elites’ know this. This is why wealth gets transferred to these people in times of upheaval. Now is one of those times. If you position yourself correctly, you can make a fortune.

 

Todays Economics

In 2008 the Federal Reserve in the US began ‘printing’ 3.7trillion dollars over the next six years to keep the US economy afloat and avoid bankruptcy. 

Walking into the dreaded year of 2020, with a pandemic and enormous level of uncertainty, the federal reserve committed another $6trillion to ‘the coronavirus pandemic’ – oh how they love to help you out in times of need 🤦‍♂️ .

See the evidence for yourself on the Federal Reserve balance sheet here. Notice the relatively minor 2008 ‘money printing’ in comparison with 2020. There is a storm coming – a massive one. 

There is another $1.9trillion going into the US economy very shortly. This can only lead to a period of very high inflation or deflation.

 

CryptoCurrency

I love cryptocurrency and the technology behind it. It also takes power away from central banks and unscrupulous bankers. Can particular crypto’s be hijacked? Yes, I think so. Are there others that can’t be – yes, most definitely.

I wrote a short article back in May titled ‘Should you invest in Cryptocurrency’. The coins I mentioned alone have provided huge gains for anyone who decided to invest in them. I will write a more in-depth article soon with a few investments I’ve made recently.

I’m not going to get into detail in this short piece, but check out Monero. This is my favourite coin, not because it’ll give you the best returns (although it has done 300% in 9 months), but because it allows us to retain sovereignty in a world which is trying its best to restrict freedoms for ‘safety’.

 

Recommended Resources

See this useful article from July 2020 to see the big picture – US Printed More Money in One Month Than in Two Centuries. 

I also recommend subscribing to Mike Maloney on YouTube, who is very good – I am surprised that his channel is still standing, to be honest. 

Check out the video below for great insights by a very successful hedge fund guy.