We are beginning to see and hear more and more from the mainstream media
about cryptocurrencies – just all positive, gleeful sounds of joy. Ben
Bernanke will be delivering the key note speech, in October, at an upcoming
blockchain conference. Jim Cramer recently said bitcoin could go to $1
million Federal Reserve Notes!!! Oh, and the IMF, they said they are going to
“crush cryptocurrencies” with their own central bank DLT cryptocurrency.
What about the banking cabal? Well, we have the vampire squid moving in
with the SETLCoin and Bank of America filing more than 29 different patents
for cryptocurrencies in August 2017 alone.
Mean while, gold continues to get talked down by the mainstream media on
an almost daily basis. If gold is of no importance and bitcoin is going to $1
million Federal Reserve Notes, why does the mainstream media ever mention
gold or continue to run the ticker on ALL the financial news networks?
Hmmmm….makes one wonder about the importance of gold and the assimilation of
cryptocurrencies for the masses.
Just today, thanks to Louis Cammarosano. Smaulgld, we learned that CNBC, one of the bastions of
“real news”, reported “Gold breaks winning streak and Could Be Headed Lower“.
At this point, Schlossberg doesn’t believe the current
economic backdrop justifies the kind of negative sentiment that’s often
associated with climbing gold prices. The metal has already risen 14 percent
this year.
So, if I understand correctly…the dollar falling more than 10% year to
date, Syria, Ukraine, Yemen, and the continual struggles within Washington DC
is not enough to “justify the kind of negative sentiment associated with gold
climbing”; well, then what would it take, Scholssberg? Maybe a nuke being
dropped or perhaps the Federal Reserve raising interest rates 4-5% points?
Would that do the trick?
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Rory Hall, Editor-in-Chief of The Daily Coin, has written over 700
articles and produced more than 200 videos about the precious metals
market, economic and monetary policies as well as geopolitical events since
1987. His articles have been published by Zerohedge, SHTFPlan, Sprott
Money, GoldSilver and Silver Doctors, SGTReport, just to name a few. Rory
has contributed daily to SGTReport since 2012. He has interviewed experts
such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente
and Peter Schiff, to name but a few. Visit The Daily Coin website
and The Daily Coin YouTube channels to enjoy original and some
of the best economic, precious metals, geopolitical and preparedness news
from around the world.
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The author is not affiliated with, endorsed or sponsored by Sprott Money
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