With crashing Chinese and US stock markets, and with crashing Asian RE markets one the way soon (especially in SE Asia), the necessity to own REAL
money over FIAT currencies becomes even stronger.
Not exact matches
Unlike traditional
fiat currency where
money can be printed
over and
over, Bitcoin has a controlled and predetermined supply, making bitcoins scarce, similar to the properties of gold.
by The banking - government industrial complex has been pulling the wool
over investors» eyes for years when it comes to getting the masses to keep their savings tied up in ever rapidly devaluing
fiat currencies instead of intelligently converting them into the only real
money out there — physical gold and physical silver — that has -LSB-...]
Unlike centralized banking, like the Federal Reserve System, where governments control the value of a
currency like USD through the process of printing
fiat money, government has no control
over cryptocurrencies as they are fully decentralized.
For many decades, governments have had absolute control
over the global monetary system, especially of the
fiat currency system with which they can easily manipulate the supply of circulating
money.
In an interview with Fox Business, major electronics retailer Overstock CEO Patrick Byrne stated that
fiat currencies will continue to fall
over the next few years, as investors and the market move onto separate
money and state.