In the recent days, the raise in the Gold prices in India has attracted attention on the reasons behind the unprecedented raise in the price of Gold and Silver. It is clear that many Governments including India, China and Russia are buying Gold in anticipation of a global change in the financial system.
Mr Donald Trump is now in partnership with Pakistan in a Crypto Currency project and it could be part of a global scam in the making.
USA which is high on international debt of nearly $37 trillion is trying to get recognition to Bitcoin and Stable Coin so that their prices can be jacked up and the US dollar debts can be converted into Crypto Currency denominated debts at an advantage. For example if Stable Coins get a value of US dollar 2, then the US debt will come down from 37 trillion to 16.5 trillion stable coins. If stable coins can be acquired today in exchange of a jacked up Bitcoin, there will be a possibility of the US debts denominated in Stable Coins at less than the US $37 trillion.
Mr Trump appears to be working on this and hence trying to promote Stable Coins on one Stable Coin to One US dollar today but later value Stable Coin to a basket that includes Bitcoins and there by inflate the Stable Coin value to more than USD 1 per Stable Coin.
India currently has a dwindling mind on Bit Coins and it can succumb to this Trump’s game and agree for an international monetary system where Stable Coins can be a reserve currency as an alternative to US Dollars and forcefully convert all current USD reserves to Stable Coin denominations. Subsequently when the Stable Coin valuation gets aligned with the inflated bitcoin value, the debt of 37 trillion will shrink.
It appears that already 63% of Stable Coin holdings are related to criminal activities and soon, like Bitcoins, the entire stock of Stable Coins will be tainted as “Laundered Money”.
I hope India tightens up its regulatory ban on Crypto currencies and support the gold (with a possible addition of silver in the basket) backed currency system.
(Views from Financial experts welcome)
Naavi
