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Bitcoin Serves the Inflationary Fed: Detracts from Gold

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First published at 18:12 UTC on February 18th, 2022.

#gold
#fed
#bitcoin

herroqenstein

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Daniel Liszt and Catherine Austin Fitts discuss the bitcoin phenomena; Fitts points out that bitcoin served a useful purpose for the Fed, diverting inflationary fiat from gold and silver holdings into a non-inflationary digital 'asset' pretending to be a currency, ie bitcoin, after the financial collapse of 2009. But physical gold is not just a 'smoke alarm' for the monetary system. Gold is still the single most important real asset to sovereigns and world powers. Anything that may upset the LBMA - BIS - CME - Fed/ESF gold cartel (in collusion with primary dealers and Swiss refiners) threatens the shaky foundation of a fake fiat monetary system, and crypto was developed during the financial collapse -- originally by a DARPA contractor -- to address the issue of QE/MMT unlimited fiat issuance.

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