US Dollar to Get Re-Priced from ‘Widely Overvalued’ Levels, Massive Impact on Gold, Bitcoin Targets
HTML-код
- Опубликовано: 23 июн 2024
- U.S. Treasuries will be dumped as global reserves by 2030 as the U.S. dollar will get re-priced from "widely overvalued" levels, Luke Gromen, founder and president of Forest for the Trees (FFTT), tells Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News. Gromen weighs in on what he sees as the new global reserve asset and what it means for gold and Bitcoin prices.
Did you like this clip? Watch the full interview here: • US Economic Policies o...
Follow Michelle Makori on X: @MichelleMakori ( / michellemakori )
Follow Kitco News on X: @KitcoNewsNOW ( / kitconewsnow )
Follow Luke Gromen on X: @LukeGromen ( / lukegromen )
#gold #Bitcoin #dollar #Treasuries #Fed
This video is brought to you by Swan Bitcoin
Swan Bitcoin IRA - Start Saving Now 👉 Swan.com/retire
__________________________________________________________________
Kitco News is the gold standard in precious metals, commodities, cryptocurrencies, mining, and financial news.
SUBSCRIBE to our channel to stay up to date on the latest market and industry news.
For breaking news, views, charts, and data on precious metals, cryptocurrencies, and financial markets - visit us at www.kitco.com
To get market updates on the go, download the Kitco Gold Live! APP - applications.kitco.com
Stay connected:
Twitter - / kitconewsnow
Instagram - / kitconews
Facebook - / kitconews
LinkedIn - / kitconews
StockTwits - stocktwits.com/kitconews
Live gold price and chart: www.kitco.com/gold-price-toda...
Live silver price and chart: www.kitco.com/Silver-price-to...
Live crypto market data: www.kitco.com/price/crypto/
Learn more about Kitco News: www.kitco.com/news/about/
For more information on advertising, sponsorship and marketing promotions - please visit our online media kit at: www.kitco.com/advertising
Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.
Liked this excerpt? Watch Luke Gromen’s full interview here: ruclips.net/video/DD1CnjI2Z3k/видео.html
does he have any price targets for gold short term and long term?
imh they will never do that because china and russia have to got to much gold and they dont want ot help them
A debt-based economy is just a variation of a Ponzi Scheme. New debt pays off old debt, and it takes more and more debt to sustain the economy.
Precisely they can keep the can down the road for another 50/60 years. etc.
It's a productivity-based economy. That's how a fiat currency works (or doesn't).
@@marcmcreynolds2827 Productivity-based can be broken down into capitalism vs communism. In capitalism, you need closer to 100% of the GDP to be derived from private companies driving the economy; in communism, you will find that most of the GDP is driven by government spending. We are closer to communism than capitalism. Why do we have over 12% of the population receiving SNAP cards (skewed lower as children don't hold them, but are part of the population) - this is the bread lines of the 1930s. Debt-based is fiat; using gold is not a debt-based economy.
@@marcmcreynolds2827 Productivity MY Rear End. In the USA it's ALL about GREED and POWER and CONTROL by those who are on Top, nothing else.
@@marcmcreynolds2827 Trippens
Dilemma says that we are eventually doomed. Fiat might work but because we can print money. We can buy goods with printed paper.
Politicians need to have terms like presidents based on performances
And we need to get the money out of politics.
This
Problem is, the real government is the Central banks and a handful of oligarchs. Politicians are just their puppets.
🚨SILENT🚨DEPRESSION🚨
Cheer up.
Brics=💎 US dollar = 💩 😂😂😂
@@bradleyjordan5365 😉😎🤪
Gold is the only tier 1 asset and paper contracts are 125:1 and silver are 400:1. I’m still bullish on silver.
goof there's not one assets in their pyramid schemes that have outperform Bitcoin. Bitcoin was created to balance the wealth but poor people are still toooooooo dumb down. _Mr. Bitcoin_33 "next elite"
No one is happier than Peter Schiff. He’s been waiting two decades for his pay day and to be able to say I told you so.
check out the Gold/Bitcoin price. hmmm...
Lol but true
How can he celebrate an asset that isn’t keeping up with inflation? Besides, that asset is so manipulated, I wouldn’t touch it.
@@Dori-cf7woyeah because nothing else is manipulated hahahahahahahaha okkkkay
@@Dori-cf7wo Yeah I don't get the Gold bugs. Like, they understand the monetary system and everything that's going on. But they just can't let the Gold thing go. I mean commodites in general, dividend stocks, "safe haven plays" make sense. Why do you gotta be obsessed with metals.
Neglected to mention silver, which ALWAYS outperforms gold when metals rise. Never mind, it'll be our little secret!
I know right
Silver is treated like a stepchild
Silver is nowhere near as scarce as gold so doesn't get a mention in the macroeconomic mix for countries and trade/stability requirements, but the rising (GOLD) tide lifts all (PM) ships, which is great for us little squids.
Silver isn’t Tier 1.
But more importantly, if PM prices are going to 5x, why is Kitco selling?
They shill PMs, but sell every day.
Silver is more volatile which makes it a worse storage of value. Same problem as Bitcoin. That's why gold has throughout history been used a money.
@@prolific1518 I first bought BTC at $1,700 which is now worth $60k (was $72k) so it seems like a good problem to me. Especially considering USD has lost over 90% of its purchasing power in the last 30 years.
We've been scammed.
Using electicity to make bitcoin doesn't make it anything like gold. Dreamers.
No but millions of people thinking there currency is going to toilette paper status mix that with billionaire buying it, watch it reach skyrocket in price when usd start dropping and panic starts, mix that with war time and here you go. Bitcoin is plundging right now, you think is expensive at 60kusd per, watch when shft. Prediction is 100k+
You are right but they need to promote technology of btc before enter cbdc
Sure. And 'sakamoto' is a real person that, 'donated' 21mill btc to humanity. 🤣🤣🤣🤣🤣
Do you know how much it costs to mine gold to Earth?!!! The amount of forests destroyed and rivers poisoned because of gold mining? The slavery of miners who can be as young as 6 years old? Then Bitcoin mining is not nearly as costly as gold. Besides you need to store the lingotes and pay to have them kept by companies who make money out of keeping the gold safe. I mean... Bitcoin is short of making the damage the gold has done to the environment and humanity.
Has anyone proved the connection between mining and getting bitcoins.Why has microstategy.not shutdown its softwear side to " mine" bitcoins?
The reason I buy gold and silver ✨️
He literally said gold would have to 19x to match the price level of 1980...
Bitcoin is the correct answer. Blackrock and other asset managers agree.
@@r0m3y0 when bitcoin goes to 0
I will laugh
😂😂😂 Fake NEWS!!! Do your own research or suffer the consequences. KITCO News primary focus is to sell bullion. Their process is to educate/ indoctrinate, so you proticapate!! Fear based news.
@@r0m3y0 Where did Bitcoin come from?
@@DeusExMachina50probably a combination of some three letter agency. BUT you still better buy some Bitcoin anyway
With the amount of usa debt it should be devalued by 50% 😮
You shouldn’t say that, there are many countries that haven’t cashed in yet.
Not even close. Try by atleast 98%
How about every other country with enormous debt? Thought so
@@DKK Despite uncertain macro conditions, the dollar has continued to demonstrate strength - largely thanks to sticky inflation, a resilient U.S. economy and year-to-date highs in yields. Indeed, in a display of U.S. exceptionalism, the greenback has gained against just about every other major currency in 2024.
@@sailfly2869 Well their politicians are idiots!
Still the US media dont talk about BRICS and the fact that a lot of countries are trading in local currencies and dumping the dollar.
The US is facing massive problems as there will be more dollars available that nobody wants, this glut will devalue the dollar and lead to big inflation.
It also means you cannot just print money as there is a glut already, which impacts on national debt
They are hoping that if they don’t if they don’t mention BRICS, it will go away 😂
I'm ready for the half cent, half penny, the 2 cent piece to make a comeback as well as the $500 bill and $1,000 bill
We as a society need them.
20 years from now ...people will remember 1990-2020s ....nice sweet spot for America....good old days etc... then we blew it all up.
Not we, corrupt politicians.
Taiwan is also selling treasuries. And a lot of em.
Why do you think that is?
@@DeusExMachina50 my opinion China told them to. But it's probably also to prop up their currency.
@@markphillips9822😂
I think Taiwan is force to buy US junk bonds and later exchange for outdated F-16. Sad
It only made smart sense financially.
How do Central Banks buy all the tonnes of gold with digital currency they create from nothing at a price set by them in London and NY?
This is my question too. The writing is on the wall. Why are refiners accepting fake money in exchange for REAL MONEY.?
@@0004612 gold sellers are accepting fiat because they are unaware of the consequences.
Honestly, I don't understand why you're discussing these dubious schemes. There are plenty of options like Unimantic and similar ones that are fast and profitable.
Junk
Great chat. Great questions. Great answers ☀️🌴
I have a clear understanding of the underlying concept of purchasing gold. However, a situation arises where a significant majority of the population, approximately 50%, expresses a desire to acquire gold. Considering the limited availability of physical gold, it seems highly implausible that such a substantial demand can be met adequately.
The days of gold are so, so over. There is zero reason we need to use slave laborers to dig up dinosaur bones, then to ship it all over the globe, to have a stable monetary system. It’s just dumb.
That's why the price will go up. More demand than supply.
Thank you Michelle and Luke, this is my first time listening to an in-depth discussion of the dumping of US Treasuries, and it's impacts.
If there is a currency crisis and gold goes 19x, all commodities and cost of living will probably 10x also.
No sh*t...
Why? Bitcoin has gone to 65k and nothing’s changed. Gold market and Bitcoin market are both very small.
@@0004612 bitcoin isn't 65k, LOL.
@@0004612gold is about 15 trillion and Bitcoin is about 1.5 trillion. Thats expected to start to change. Many people think Bitcoin will overtake gold. As time goes on I tend to believe that also. Gold and silver are great long terms store of value but digital assets are taking over and being used everyday. Bitcoin is very similar to gold except in digital form hence why alot of people are calling it digital gold.
@@0004612gold is dinosaur bones. Let’s move on.
USD will be 50% discounted soon
You might want to consider the arguments put forward by Brent Johnson (Dollar Milkshake theory guy), who claims that it;s much more likely that the USD will strengthen against other fiat as the debt continues to increase. Also Michael Howell has talked about how the USD debt situation may be bad, but the other fiat are even more bad. But it's partly a semantic confusion because yes USD may fall in value versus real assets - gold, bitcoin, commodites, equities, but that doesn't mean the dollar index (USDX/DXY) will fall because it's a measure of the USD versus other fiat (EUR, GBP, JPY, AUD, CHF etc)
@@mwilliamson4198 dollar milkshake theory assumes USD hegemony continues as it is (or was) without other currencies being able to be used for major commodities etc purchases, but BRICS are putting an end to that for better or worse.
Oh nice, a 50% discount.
I love discounts.
@@mwilliamson4198they can’t keep printing selling bonds and treasuries if there are no buyers. The end of petro dollar and 90 countries and growing to join BRICS a commodity based currency. Saying the dollar will hold up better than other currencies doesn’t matter. The whole globe is crashing as it’s backed by our dollar. Be a fool don’t buy commodities but you will regret it.
2 haircuts of 30% each = 50% devaluation
It will make more sense one day to wipe with the dollar than try to buy toilet paper with dollars
Let's start getting in practice for that. You send me dollars, and I'll send you toilet paper (the good USA stuff -- not the scratchy Russian version).
And the Bank of Japan owns 100% of Japanese bonds, and the economy hasn’t collapsed.
It’s not a healthy situation, but has not caused an economic crisis.
Keep dreaming 🤡
if you think the US gov will allow that to happen peacefully, you're dreaming
Inflation adjusted, the USD has been on a mostly declining trajectory since it peaked in 1895 (not a typo). Yet to this day, it remains one of the strongest currencies out there. So much for all of these slanted RUclips channels.
Michelle is 🔥
central banks are getting rid of the US government's junk bonds and the people can start wiping their asses with their dollars😂😂😂
Why destroy the dollar when it stills buys PMs better than other currencies. I think toilet paper will do just fine here.
😂😂😂
Better stock up on that toilet paper 🤣
@@robertk1834 with the thought of a solar storm and then shortages during the pandemic and now with a possible civil war brewing you better have more than toilet paper. LoL
@@clovisholz245 use toilet papers to get rid of this stinking USD.
The US economy is a powerhouse with a diverse range of sectors. The stock market and the dollar have traditionally been safe havens due to their long-term growth and stability. However, potential downturns are part of the economic cycle, and laws are in place to manage defaults and asset seizures. Inflation can be a concern, but remember, certain assets like stocks and Crypto’s acts as a hedge. Long & short-term trading is generally safer, allowing investors to weather market volatility. I have managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Sandy Barclays , whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
Sandy Barclays program is widely available online..
Indeed, the recent market downturn serves as evidence that a vast majority of individuals lacked a sufficient understanding of the underlying financial dynamics at play.
Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Sandy insights. It's akin to finding a diamond in a coal mine.
The market is not necessarily a rollercoaster if you know your way around it, but If you are not too savvy with the market, just buy and hold on strong companies with good earnings, or consult with advisors on ETFs and actively managed funds. Took my own advice and as of today, my cash reserve has yielded from $350k to nearly $1m in months..
Sandy gave me the autonomy I need to learn at my own pace and ask questions when I need to she’s so accommodating.
Has anyone looked into gold ETFs or physical gold investing?
Both options have pros and cons. ETFs are convenient, but I think physical gold offers more control.
physical gold doesn't come with management fees.
I think it depends, ETFs are more convenient and offer diversification benefits, are more liquid and easily tradable. And you don't need to worry about storage
Bitcoin is Gold 2.0!
We will see this prophecy to become true around late 2020s and early 2030s. Recession-Depression-Stagflation-Hyper Inflation
When this happens, Does it mean a bottle of milk and a loaf of bread will cost around $40 ? And a basic wage will be $100,000 a year.
Very interesting and fascinating perspective!
Awesome analysis Mr Groman. I don’t miss your macro analysis on GLD and BTC
Another Great interview.
You work for 42yrs to have $2m in your retirement, Meanwhile some people are putting just $20k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
I pray that RUclips figures out how to filter out bitcoinbrah spammers.
@@user-hm5zb1qn6g😂 good one
I’ve seen this comment EVERYWHERE!!!!!!!
Scammers
To push btc up they need more greedy fools!
Dollar is losing its position as a storage of value. Thats step 1. Step 2 is when the dollar stops being used as a means of exchange. This will take longer than step 1.
So would you agree we have about till 2030?
There are too many variables that may change the dollar trajectory.
The BRICS, which include some of the most critical economies, will make major announcements in October. I will not be surprised if the fall of dollar excelarates considerably
Then there is the orospect if wars and even these may depress dollar specially since US will be on the losing side.
Means of exchange doesn't matter after storage of value goes. Who would want to exchange and hold something with no value?
Step 2 already happened when Saudi didn’t renew pricing of oil in USD in early June 24!
"Industrial policy" and "reshoring" means nothing out of context with the cost of living/cost of labor, with sky high costs for housing, education, and health care.
Trading, as difficult as it seems is one of the surest ways out there to escape being in debt and broke.
Kinda like everyone's trading dz days, gave it a shot recently and it washt funny
He doesn't know that the Federal Reserve needs to remove surplus currency from circulation
💯 for the news.
Wrong. Bitcoin is not a store of value. It is a speculation play.
The Brics will go to a gold backed currency then there is no use for Fiat treasuries. There will no trade fiat for Gold. Bitcoin is another fiat and will go down with the dollar. Gold must go must higher to become a reserve asset to balance world wealth and trade requirement. i think gold has to go 10x and above.
You know nothing about Bitcoin to label it as another fiat.
It's not fiat but fake.
Bitcoin has been proven to be a PONZI scheme and that's FACTS💯
@@ishaks8152 Please, explain how it is fake?
Great content
The Interest Rate should be about or greater than the Actual Inflation Rate or there's just no sense at all to any QT.Thanks.
Mannarino would say there is no QT. He says the Fed is buying it all through proxies, off balance sheet. I think he's right. Who else is buying those Treasurys?
@@davebellamy4867correct - hidden QE.
There have been many people who have said the Dollar would lose 50% of its current value, back to fair value. This would occur in TWO 25% devaluations. Well, since the end of the pandemic, the Dollar has lost 24%. Only 26% more to go😢. Everything ALWAYS revents back to its mean. That includes the Dollar. Buy GOLD
Look, I love gold as much as the next guy, but we have been bombarded by main stream media telling everyone to get into gold. Does this have something to do with the liquidity issues we will be facing? Yes get into gold, bit not because media tells you to.
well said.. 👍🏽
Then dollar index goes to 160, as Euro, yen and pound collapse first!😂🤣
All more reason to dump US dollars . And buy gold .
😂😂😂 Fake NEWS!!! Do your own research or suffer the consequences. KITCO News primary focus is to sell bullion. Their process is to educate/ indoctrinate, so you proticapate!! Fear based news.
@@brianlowe3529 it's not necessarily a reason if you need a fiat for spending. USD will be the best to own if you have an option at all. But yeah, getting into real assets for the most part is good idea
The market can be irrational longer than you can remain solvent.
@@tz6516absolutely. Most people don’t understand this
I'm here for Michelle ''ASSETS''...!!!...noting else...!!!!
Wow.
Bitcoin is not, never was, and never will be digital gold. If the SHTF then we will see which assets is still standing and i dont see it being bitcoin.
you do realise that "digital gold" is a metaphor right.
EBS
They can only print so much money. Unless they make more printing machines! There is a limit. And are going in a deficit.
no no theres not a limit...no printing ..key strokes....that why in this mess ..fractional banking and key strokes
Dollars in reality isn't paper, it's digital on a balance sheet, savings and checking accounts, etc. Still inflationary when you "Magiclly" produce more dollars- Digital or Paper. :(
Merry me Michelle!
Under-capacity of producing valuable commodities cause weak economy.
How does that impact real estate
If a stock is selling for x fed reserve notes aka dollars and the dollar is devalued will the stock price become 2x ? As i see it the values of the stock should not change if its median to est its value changes
Brilliant!
MIchelle is always looking fantastic!
The us treasury , the silver certificate was with drawn from circulation in 1970 ...
thanks
You work for 40yrs to have $1M in your
retirement, meanwhile some people are putting just $10K in a meme coin from just a few months ago and now they are multimillionaires....
I want to compliment you, you have said it all. I am a little business owner and I really want to expand my business to the next level by making myself an investor but I really don't know how to go about it..
imagine investing in Btcoin earlier.... You could have been a multi millionaire precently
@@Bireshprema You are right. Been thinking of going into gold and cyptocurrency
Assets that can make you rich
*FX
*Btcoin
*Stocks
*Gold
*Real estate
You’re right but a lot of people remain poor due to ignorance
Michelle is such a gem, great looking and good talent
The markets says the left one is bigger than the right. Still very nice.
😏
This on the other hand is a guest worthy young chap. 👌
He's sharp! I listen everytime.
@@theinflationsituation8870 I see! 👌
RIP dollar and USA hegemony. The world has moved on 🚮
Sure thing 😂
Which country do you live in?
Fool, that is not a good thing! You want Russia as the leader? China? European Union, they cannot manage themselves. How about middle east countries? Do you think they will do a Berlin Airlift for you should something like that happen in the near future? As an American, I am good with the world moving on. No more dead weight to hold up. I feel for those that know the reality and see the horrors that are coming our way.
@@DKK keep living in the past. The British had the same problem.
@@prolific1518just living in reality. The pound is doing just fine
Don't worry, Trump and KITCO will give us BiTCon backed by nothing! As you heard this self proclaimed genius say that gold needs to go to $10,000 oz. to make it viable here and that absolutely "nothing" has a store of value better then tangible gold.
America doesn't even have gold mines like SA which is with BRICS. America is over and these people think "nothing" will save them.🤣
Do you believe when he said usa holds about 260million ouncez of gold? Has there been an audit?
Not in 60yrs...Ft Knox holds only dust and it ain't gold dust I'm referring to😂
Inflation and recession are currently wreaking havoc on America. The worst aspect of this crisis is that consumers are accruing credit card debt. Credit card debt rose 20% in April alone, while interest rates have doubled in a year. Customers are going into debt to purchase basic necessities due to severe inflation. The collapse has undoubtedly begun.
GOOOOLD!!!!
I'm sorry but KENNEDY is also running.
And hopefully he is going to win!
Makes sense.
Up to 10% of the world’s gold is plated tungsten. Who is going to audit and verify these reserves that central banks are going to put on their balance sheet?
Oil is harder to store, but why not just store copper? plumbers do this all the time so do electricians.
We do not have full employment. Unless working 2 part time jobs is considered full time.
17:20 gold 3x btc 6 x...why btc
outperform
US wants the dollar to devalue because that's the only way they can pay off their debt. Think of it this way, the US borrows $100 a year ago, now the $100 is only worth $50, so the US debt just got reduced by 50% just because the dollar gets devalued.
That is exactly why you need Bitcoin
Excellent point. Without an increase in productivity the debt spiral will only get worse. The Government can't keep just borrowing and spending.
Us lost the reserve currency!!
When’s that happening? 😂
You meant the petro dollar? When Saudi Arabia decided recently to accept other currencies for oil, the power of the petro dollar began to cease but its not done yet. As far as a reserve currency, the US could just pick something else as its reserve but who knows if they will actually do it. It’s possible that the US is trying to find a crypto option / data driven reserve.
I hope gold will go up a lot higher, thanks so much 😂😂😂😂🎉🎉🎉
This dude gets it
Great resat
It will also cause maximum inflation for sure. So that they can devalue the debt.
Genius host
I’m not sure about your bitcoin thesis.. you describe bitcoin the way they use to describe the fiat dollar and we see where that went…I’m 68 my memory is pretty good on this!!
As always, a great analysis. Newcomers often wonder if it's too late to navigate the financial market, but the market is always unpredictable. Trading has more advantages than simply holding, so it's important to learn before diving in. Active trades are necessary to ride the market's waves. Thanks to Linda Wilburn’s insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings, managed to grow a nest egg of around 127k to a decent 732k. Kudos to the journey ahead!
@Lindawilburn
I appreciate the professionalism and dedication of the team behind Linda’s trade signal service.
It doesn't matter if you are a current hodler or a newbie, you can capitalize on the fluctuation of bitcoin by trading with good strategy/signals.
Nice, I was just hodling before I found Wilburn. In my opinion she is the very best out there.
In a field as rapidly evolving as cryptocurrency, staying updated is crucial. Linda’s continual research and adaptation to the latest market changes have been instrumental in helping me make informed decisions.
Besides China is selling 50B US treasury bond, Japan has sold 61B US treasury bond in Q1 this year...
The price of gold is supressed.
Running out of oil?! The Russians found 550 Billion barrel reserve near Antartica.
14:29 someone please explain this energy-link argument. You've proven you can burn up some natural resources to solve a math problem, so... The energy isn't transferable. In essence this argument makes Bitcoin an inverse energy derivative. If the cost of energy goes up, it becomes more economically nonviable to mine or use.
Luuuuke!!!
Luke, thanks for pointing out to your viewers who is to blame for the - in your words - "subdued gold price....
It's too early to speculate
Be careful who you follow
I thought that as of January 1, 2025 that central banks will be allowed to hold up to 2% of their reserves and bitcoin ?
Mostly a compelling thesis, that gold becomes the leading asset used by central banks. Gold will rise a minimum of 3 to 6 times current value (usd 7,000 to 15,000). Time frame? 2030 ...
I wish it happens very soon so gold can go further up please 😂😂😂😂❤❤❤❤
Come on Kicto. You been saying this for decades!
USD devaluation will make prices of gold skyrocket. USD is over valued right now. The basket of freely traded currencies pegged to the Dollar should also be corrected in value.
They have been saying this for the last 30 years…
Peak oil is a 40 year old term.
It ignored changes in technology.
Now the US is the biggest producer in the world.
Go figure.
At a billion dollars a day in oil revenue 600 billion is small change.
BTC=BS luke
Tons of over printed US dollars worth less and less!!!!
Fugg yeaaaaa
they can literally just make a handful of new 5T denominated platinum coins and magically pay off debt and its perfectly legal
BIS has already made gold a Tier1 asset! Interesting how they implement their new wholesale CBDC? Or the IMF come in with their SDR?
f ya Luke gromen he's a good one 👍