Topic: [2014-05-09] VIDEO: Bitcoin Will End the Federal Reserve Currency Monopoly (Read 803 times)

I'd say it's more like standard american delusion. The chinese have pegged their Yuan to the dollar so that they could be able to keep exporting at the same rate even if yuan(real value) or chinese economy becomes stronger. And with their profits they've invested in basically everything. From dollars and bonds to gold and spaceprograms.

Ofcourse if the dollar falls they lose aswell. As do Russia, the whole world does. But it is inevitable, and USA will ofcourse be the biggest loser in the end.


In, I must say, most ways. Not all. And this is where it gets serious for me. For me it's obvious world economy is about to crasjh, i've heard established economists say that since before 2008. Now even some more mainstream investors and buisiness people go out and talk about it. And I can't wait for it to happen. But, real problem short term WHEN it happens: Hundreds of thousands if not millions of people will die of starvation.


Perhaps USA can start their war with Russia, Syria, Iran, China, South Korea, Venezuela or whoever first though. Then economy doesn't fall to 0 at least and the dumb sheeple can keep sleeping. But the starvation deaths will still be there. They will be on the TV of everyone in the west and the reason of the starvation will ofcourse be because "Russia and China have deliberately destroyed the economy".

Bullshit pro-American rhetoric, China and Russia have their own independent economies capable of production and trade, the American economy is an economy that is based off phony debt and the bond market, they rely on China and Russia to trade them worthwhile goods for their paper on the assumption that it's backed by something like gold and has value behind it. This 'everybody relies on America' crap is usually parroted by people who have done absolutely no research into how the debt and bond market actually works. China and Russia would only suffer a short term crash and would probably rebuild quite quickly whereas because America has absolutely fuck all anymore they're going to have to spend decades building up their economy again or going through another depression.

This is almost like somebody who is unemployed moving into somebodies house, they don't do anything and the people in the house pay their bills and do all the work, the argument perpetrated by Americans is that you're creating work for those people in the house by the twat living there, but this just isn't necessary and they're being forced to work longer because of this moocher. They'd be better off if they kicked him out and made him go and do something with his life and then they can have time for themselves and relax for a bit.

Neither China or Russia have any interest in an imminent dollar collapse as the ramifications on themselves would be negative and massive. IMHO that is why both of them have taken steps to slow Bitcoins growth to "buy time" to move their dollar treasury exposure.

Great!

I like bitcoin but this will never happen.

A comment on youtube said;



He has a good point, because there is 0% chance for that to happen(That Bitcoin will be the "killer").

But, you are both wrong.


FEDs current monopoly is GLOBAL. And it is already under way to come to an end due to the fact that Russia and China are now enemies of the US.

Bitcoin will not be the killer. But it will benefit from the dollar collapse. This might also be what will cause it to be "banned".

'Bitcoin Will End the Federal Reserve Currency Monopoly'

Signup for bitcoin report at http://CrushTheStreet.com/bitcoin

https://youtube.com/watch?v=bnGCtV4LcRk

6min