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Macro Quarks

LBMA Latest Values | 2022-12-06
Gold Prices
AM: USD 1773.35 | PM: USD 1773.8
Silver Prices
USD 22.54

Why now?

Why now?

There has never been a better time than now, and honestly, it could very well be long overdue. Enough with the political discourse, the hidden tax of inflation, special interest groups, lobbies, asset bubbles, ballooning debt, bailouts, volatility in house prices, shorting against recommendations, reliance on derivatives.

By now, we should have learned our lesson that a strong monetary supply and low interest rates are NOT enough to prevent problems from occurring. Debt levels are at record highs and markets for riskier debt—such as high-yield corporate bonds—have been flashing warning signs.

The government has the ability to abuse our trust, as in the case of purchasing its own debt or debasing its currency. What we offer is a platform where the real gold standard reigns supreme, using the tools and technologies of the digital age.

Everything that has been happening since the 2008 global recession has culminated in this moment. With COVID-19, the world is seeing overwhelming unemployment, income inequality, insurmountable national debt, global geopolitics, and tensions.

What’s more, Central Banks around the world are doing what they can to maintain hegemony. Take a look at this: Private entities aren’t needed to build central bank digital currencies, said the head of the U.S. Federal Reserve on Wednesday (June 2020).

Federal Reserve Chairman Jerome Powell, speaking before the House Financial Services Committee, said the idea of a digital dollar—a blockchain-based version of the current world reserve currency—is complex, and one that the Fed takes seriously, but also that the idea needs to be studied further before one can be created and implemented. However, in response to a question from Rep. Tom Emmer (R-Minn.), Powell said he believed private entities did not have a role in designing a digital dollar.

“I do think this is something that the central banks have to design,” he said. “The private sector is not involved in creating the money supply; that’s something the central bank does.”

To that, we say: “Unless of course, it is real money!”

Central banks are trying to get control in the crypto world by having their own study groups. There is much work to be done for a cryptocurrency to be universally approved, vetted, and accepted.