/biz/ - Business & Finance

>>29948480
BTC is just an entry on a distributed ledger. The 'value' is only created when governments deliberately allow their fiat notes to be converted to your ledger entry. If they ban it, it is technically worthless. So yes for most practical purposes, to transfer or store wealth or value bitcoin is useless in places like India, china etc where it is banned if not highly regulated. Its value is directly tied to governments allowing it to have value.

The opposite is true of gold and silver! which is why you can buy armies and literally topple governments by paying in gold or silver. Gold is still the money of governments and stability, that is how the rothschilds got rich and that is why Gold remains highly hoarded by central banks and major powers around the world, unironically in JPM LBMA vaults in london and New York and those days are coming to an end once COMEX collapses wrt silver...the first domino to fall.

Bitcoin is a deep state scam to soak up fiat printed fed dollars into a new invisible bullshit store of value, much like the emperors new clothes. The banksters are literally attempting that with bitcoin and it is going to backfire and fail in an epic way.

London and New York are able to run a credit DEBT BASED economy because they are the price discovery centers for gold and silver. This allows them to keep the price of precious metals low thereby increasing the purchasing power of the dollar and the pound eliminating inflation. This year they are going to lose that power!

This has nothing to do with being a gold or silver bug. This is a geopolitical event. 2020 the US UK lost the petrodollar:
https://web.archive.org/web/20210103010525/https://jonsnewplace.wordpress.com/2020/04/01/covid-19-ten-things-to-think-about/

2021 US UK Israel are going to lose the power over pricing of precious metals! The power to control inflation via COMEX AND LBMA SILVER AND GOLD SHORTS TO INFLUENCE PRICE DISCOVERY! HYPER METALS INFLATION ECONOMY INCOMING!!!