RE: The Economic Reset Has Been Planned By The Central Banks & Is Happening Right Now:Lynette Zang

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The Economic Reset Has Been Planned By The Central Banks & Is Happening Right Now:Lynette Zang

in economy •  7 years ago 

She is right with many things. Never forget, cryptos are nothing in exactly the same way the other fiat currencies are nothing. The blockchain removes anonymity. You won't be able to evade taxation by no means any more. And does anyone really think cryptos are worth something in a country where it is outlawed by capital punishment? - That said, I speculate with it, too. For a while.

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  ·  7 years ago (edited)

Are holding PMs worth something in a country where it is outlawed by capital punishment? You see a country can outlaw anything it wants, just like outlawing drugs. ;)

Wow, I didn't know this. Thanks

No, fiat currencies are backed by debt and are increased annually by government edict. Some blockchains such Bitcoin and Ethereum are indeed open ledger systems and can be traced but have a basic to absolute limit of coin increases. Others such as Cloak, Zcash and shortly Ethereum (adopting zkSNARKs technology in the upcoming Metropolis release) can be done in secrecy.

Pretty much sums it all up, they can outlaw anything, and no matter how much you prepare, it's only a matter of time before your short supply will run out, some will make it days and some months but we are headed to a world event that has never been seen and I don't believe there is any way to really prepare for it long term.
Gold and silver or crypto, what good is any of that doing in Puerto Rico right now?
When a whole area is devastated by an act of war or terror, the best survival asset will really be food, fuel, water, shelter and guns and ammo.
We all hold some of each and hope to profit from the currency wars, but like you said, if they outlaw gold silver and crypto, which is all about what a person actually finds value in it. Money won't mean a thing, only people joining together and creating a plan now may have a chance for a long term survival rate, and that's working as a community everyone working, everyone ready to fight off intruders.
Yeah I believe things are going to get really rough soon.