Our dollar-money is about to become worthless, so use it now to buy gold. How many times have I read this pitch recently? The dollar has lost only 98% of its value since 1913. Just 2% to go, right? Well, the real story is different and critically important to surviving the hard-times that are surely coming – fast.
Bank-based digital money is happening. Right now. Like it or not. It claims to offer convenience, instant transactions, safety, and simplicity. The Federal Reserve’s FedNow payments service goes live in July 2023. Is this digital money? How does it work? What happens next? Should we be concerned? Maybe, maybe not. Like so much else these days, it depends …
Chaos – disorder, confusion, things out of control. Kind of like much of our world today. When will our chaos go away? But what if chaos is an essential precursor to great change. Change rarely flows from stability and order. Disruption is what creates an environment favoring change. Chaos is often its marker. Chaos allows big changes to happen.
You may remember a while back when money was valuable and you could put it in a bank for safekeeping. Well, no longer. Money value is getting trashed right now, along with the formerly safe banks. The value decline started in 1913, with the dollar today worth around 4 cents in equivalent purchasing power. And now banks are suddenly collapsing. Where is this mess headed next?
Decentralized cryptocurrencies, like Bitcoin, are being seriously challenged today by rapidly developing, government-controlled, Central Bank Digital Currency (CBDC) technologies. 112 countries, representing over 95 percent of global GDP, are exploring a CBDC. This is a big problem, since any type of digital money is not money. Real money is very different. Do you know why?
