U.S. Government Crypto Coin Coming Soon?

There is a book about this titled "Surviving Fedcoin" by Casey Research. A few crypto bloggers on You Tube have talked about it.

There is also a lot on You Tube about an impending crash in financial markets - and we all know the U.S. debt is getting to a critically high point. We know the U.S. government has met with bitcoin people. Putin met with a founder of Ethereum . . .

Where does that leave us?

We all know in our hearts - government crypto coins will, at the least partially replace traditional fiat currency - but when?

There is a bill in congress to begin the regulation of all crypto currency. However, we all know how long it takes for congress to do anything. I'm guessing, but it could take 2 years before we see new crypto coin laws.

Odds are good that we'll see a "fed coin" in less than 5 years. They will probably run the government crypto along side paper money for a while as a transition.

Will new federal laws and a federal coin spell the end of cash as we know it?

One thing for sure - all governments would love digital currency for obvious reasons - control over you and me. For example, collection of taxes would go way up. It would eliminate most illegal activity.

The down side of big brother having a crypto coin goes deep. Let's say your doctor decides you should stop drinking alcohol. You go to the liquor store but your FEDCOIN wallet won't work to buy booze . . .

I think everyone can agree the day of government crypto is racing toward us. What should you do about it?

To protect yourself and those you love against (first) a financial collapse and later, government crypto, please think about buying some gold or silver. Gold and silver prices are clearly being suppressed.

How?

The "paper metal" market is huge. People are buying certificates and other digital metal representations while NOT taking physical possession of the metal.

Many wiser people than I are saying these markets are over sold to the point that it would be impossible for the brokers to deliver the physical metal. In other words, they don't have the metal to give the holders of digital or paper gold or silver.

Silver is so depressed right now. The price of silver today is about equal to what it cost to get it out of the ground!

Don't get me wrong - I love Steem and Steemit - and I have a lot of Ethereum. I just think we should have some silver (or gold) hidden away for a rainy day. In the case of a very rainy day we could find the internet temporarily shut down.

If you have silver, you won't starve during an emergency.

"We the people" need to defend our Constitution to be sure we don't give our government powers that don't belong to it (as much as possible). These are historic times.

We can't stop a government digital coin from happening. We can (together) keep it from making us slaves.