John Rubino
As Ray Dalio and other monetary and economic historians conclude, the West’s fiat dollar-based monetary system is in the process of self destructing. A monetary reset appears to be a given. It’s only a matter of time. When a new monetary system is about to take place, what will it look like? What will it mean for those who are not prepared? What will it mean for those who are prepared? Will Bitcoin holders end up owning “all the marbles?” What role if any might AI have to play in a New World monetary system? All these topics and more were discussed in my interview with John Rubino this past week.
One thing for sure that you need to realize is that the dollar and other fiat currencies are heading for the dustbin of history just as all fiat currencies have through history. Certainly owning gold and silver is a starting point to ensure your savings don’t evaporate into the thin air from whence they came. But also, try not to be flat footed when monetary changes arrive. Own gold and silver and other tangibles that cannot be created out of thin air. But, also be ready to also adapt to the use of a digital blockchain money that is headed our way.
The best we can hope for is that there will be honest custodial holders of a decentralized gold-backed currency (token) that are unconcerned about legal transactions being conducted between citizens. The most important thing to consider is that the Western-based fiat currency system is rapidly nearing its end. Building a balance sheet with gold and silver as its foundation, combined with other tangible assets that can’t be mouse-clicked into existence, is a must. But we also need to be ready to adapt to new kinds of digital money, the likes of which John discussed in my interview with him.
Best wishes,
Jay Taylor
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