HenryMakow.com — Jan 4, 2025
“The world is increasingly forgetting about gold as gold’s barometer of financial decay has been permanently severed.
Silver is just a glorified industrial metal and people under 45 have forgotten the importance of gold and silver’s intrinsic Godly values.
It’s over. Stick a fork in it. The world walks in a death spiral.”
MAKOW DISCLAIMER – I DO NOT SHARE THIS POV BUT THINK IT WORTH CONSIDERING.
Thomas Stone is pseudonym of a trusted longtime contributor.
The sobering reality of gold and silver as well as the miners
by Thomas Stone — (henrymakow.com)
As the years go by and the acceptance of cryptos flourish, people are forgetting about the Precious Metals.
It really happened; the world has been abandoning gold and silver as speculation in BTC increases.
Bitcoin is lab-grown gold.
Nothing’s by chance; and now Trump talks about building a national BTC reserve. All the Feds need to do is confiscate BTC holdings from those whom it deems to be seditious.
Why doesn’t Trump talk about gold? Why is Putin talking up BTC and not gold as a replacement to the dollar?
Who do you think owns all this Bitcoin? I guarantee you Elon Musk is shilling his own book and owns thousands of them.
I guarantee the private Central bankers own huge chunks. Don’t be stupid like the rest of the human population. There’s no freedom with Bitcoin, only slavery.
DIAMONDS ARE NOT FOREVER
Bitcoin only exists digitally and can be taken away with the push of a button. Gold is physical and can be stashed. Any wonder why they’ve gotten everyone to invest in digital coin and not actual gold?
The Group that controls the majority of any monetary unit, controls the unit price.
One of the downsides of crypto currencies may be realized in the coming weeks of cold weather. We have “Smart Meters” on most commercial and resident dwellings, which gives the Power Company the ability to selectively prioritize power service to a customer, versus a low-priority customer receiving rotating power service brown-outs.
Crypto Mining (e.g. Bitcoin) is now given priority during peak power grid constraints. Consider what will happen to the power grid and our power bills after Trump embraces Crypto as the alternative to cash and precious metals?
IMHO, we currently do not have a power grid that can adequately support our basic infrastructure needs, let alone the addition of electric cars and crypto mining.
They said in the USA we may be flooded with migrants but one will never get in the white house
But one did a homosexual deviant with a history of boy abuse
became president Obama
OK but it wont hapen here a migrant as prime minister it could not happen
by Kemi Badenough is being proposed for that very position
I would not invest in crypto-currency. It has its uses as a medium of exchange but not as a store of wealth. A couple of weeks ago my computer packed up and I had to reformat it. I don’t know if I would have lost all my crypto (it wouldn’t restart after saying it didn’t shut down properly) so maybe it could have been saved and I’d have kept my digital wealth if I’d got a computer pro to look at it. But I have no such fears over my little bit of silver. That can’t just vanish.
I think crypto currencies are useful to politicians and the banking industry because their ever-increasing values are a great to soak up masses of inflation, all while being nothing tangible you can actually hold.
Welcome to techno-Communism
“Once the moronic masses bought into the idea of constantly possessing some portable minicomputer (smartphone) with them, then the transition/progression to some omnipresent Orwellian digital techno-Communist economy/society is only a question of time. The idiots can’t comprehend that all this modern technology (smartphones/EVs/A.I./bitcoin/drones etc) is stuff only an Orwellian State would develop & institute to further enslave the population .” –Nico X
Hmmmmm???
I wonder if one can bury their Bitcoin in a mason jar under the roots of a tree on a moonless night?
I wonder if one can not hold their death in their hands, if they have any?
I wonder what happens when some Mossad/CIA “computer hacker from “Russia” or “Iran” wipes all the Bitcoin off the net?
Good counterpoint…
https://www.youtube.com/watch?v=vUrEPrKnSrA
.
I don’t use credit cards or digital currency
Bitcoin has replaced gold – until an internet or power outage. BTC only has value so long as the internet and power supply exist. In a nuclear war or big solar flare – a Carrington event, or even the government outlawing it, the values of BTC could change drastically. Bitcoins value is based on the bigger fool theory.
At any time the crypto holder could be hacked and lose everything, I know people who bought some as a joke to trade, but they got hacked and their Bitcoins disappeared out of their accounts – and there’s not a damn thing you can do about it. Gold can be buried in your backyard and dug up 10,000 years later and still be valuable.
There exists a small circle of speculators who bought BTC when it was 1 cent or less. They got filthy rich on the BTC Ponzi scam – they have a BIG motivation to keep pumping Bitcoin so they get richer. First they became millionaires, then billionaires. This free wealth in an flash of time is the ultimate aphrodisiac – from pauper to god in 3 years. These operators, pump Bitchcoin on Youtube to fools who buy the hype.
Michael Saylor – Bitcoin bull maniac
https://duckduckgo.com/?q=why+bitcoin+will+go+up&t=ffab&atb=v444-1&iax=videos&ia=videos
With the United States bankrupt, 35 trillion in debt, I fully expect the government to start seizing cryptos to save their own asses. Any fool who buys bitcoins makes it true a fool and his money are soon parted.
“As of 2024, approximately 19.9 million bitcoins have been mined, with a maximum supply limit of 21 million bitcoins. The last bitcoins are expected to be mined around the year 2140.”
current BTC value = 97,000 per 1 USD
$97,000 x 20,000,000 = 1.94 trillion
\when BTC exceeds the national debt, I predict the politicians will become very interested in confiscation, they did it with gold and they’ll do it again with crypto
The first thing to go in a emergency or a war will be the internet and power. Lockdowns will ensure a difficult time leaving the contested areas. Governments will confiscate gold, bitcoin, silver and anything of value. Bitcoin is a ponzi scheme with stories like this causing demand from unfortunate people that should stay clear of scams like Bitcoin.
Bitcoin needs a working infrastructure to have any value at all. It need a communication network (government controlled) to facilitate transactions, it needs exchanges (government controlled) to purchase and sell bitcoins and it needs energy (government controlled) to produce bitcoins and support the distributed ledger. Add to that the stated objective of central banks to monitor and force the compliance of all financial transactions worldwide.
Then there’s gold and silver. There’s me with a piece of gold or silver and you, who is willing to accept the gold or silver as compensation for some service or goods. There’s no one else between the transaction controlling either of us from doing what we want to do. Just you and me. I call that freedom.
Absolute bullshit. Gold is recognised as money anywhere in the world. Press a button and Bitcoin ceases to exist. But gold is forever. Anyone who pushes crypto currencies is either a fool, a crook, or a schill.
@MM
” I don’t know if I would have lost all my crypto (it wouldn’t restart after saying it didn’t shut down properly)”
Sounds like you need to “brush up” on what a crypto-wallet is… and how it can be restored using the associated seed-phrase..
Imagine the big pile of gold that would exist in real life if all the energy, and material used to “mine” (there is no actual mining) Bitcoin and other crypto “currencies”(few actually use them as currency) was put into mining actual gold.
But instead all of that human work and potential is squandered on folly with nothing to show for it.
All because some people got hoodwinked by the latest fad (or should I say cult?). All crypto is fiat currency with nothing backing it, pulled out of some tech nerds ass.
Lord, what fools these mortals be.
you want buy food +shelter with gold ?
everybody to whoom you offer gold thinks
this guy must have more gold . you will not
stay annonym anymore . robbers, murdrers
will come to you in the night !
Have fun staying poor
Gold, silver, copper and brass were once considered money…coins!