Should You Buy Cryptocurrencies to Prepare for the Collapse of the Dollar?

greetings friends this is survival dawg well today we see happening what I predicted was going to happen back in the 1980s that was when I saw this coming alright and that is the devaluation of the dollar and the eventual destruction of the value of the dollar through inflation all right I've made videos on this before there is a chapter on my website the very last chapter on my website survival dot-com on this topic of that article survival calm was written 10 years ago I haven't necessarily kept that article updated but the basic information there about everything that's happened today with the dollar and with with money currencies the basic information there is still valid and if you want just a good background on the basics of what currency devaluation is and what currency collapse is and in particular what inflation is I refer you to one of my past videos or to the chapter the last chapter on my website survival dot-com I've been talking about this subject for years and as I said even back in 1980s is when I saw this coming not because some great until it's so intelligent a great thinker but because I've always had a talent for finding the truth I believe I've always had throughout life you have this the people who give you nuggets of truth and then you have people who give you nuggets suggest pure bs and of course most of the information we get is just pure BS and i have been able to discern the truth I believe because I help I have special antennas that tell me when someone's giving me BS and when someone's given me the truth and back in the 80s I read a lot of information from Economist's that we're talking about what's going to happen when the baby boomers retire and I'm a baby boomer myself I was born in 1956 so I'm right there in the baby boomer area I'm at the age now - we're close to retirement commit my 60s and I'm close to the age where I will be using my Social Security retirement now and at the same time every single day there are literally thousands of baby boomers who are retiring right now all right now the basic problem is for all these years baby boomers and others Americans have been paying into the Social Security system thinking that when we retired there was going to be a retirement fund there for us that we could live up up alright and what I learned back in the 80s for my reading some of these economists is no it's not going to be there when we retire or it will be there for a short period of time but it's not going to be there like we expected all right and what I'm talking about is baby boomers of course are this large group of people who are born right after World War two all right and during initially when we enter the workforce we represented a huge workforce with a lot of people who were paying into Social Security all right now if the government had been responsible which of course no government ever is there's no entity that I'm alive that it's more irresponsible than government and the larger more powerful the government the more irresponsible they are and of course the United States is at the top of that heat and if the governments have been honest and responsible they would have been putting this money aside that Baby Boomers and others paid into Social Security knowing that one day you're going to need that money to pay baby boomers their retirement all right and anyone could see this coming and when it was explained to me I just thought it as clear as a bell I couldn't understand why everyone couldn't see it and that is the government has put away none of the money that Victor debt we put into Social Security none of it has gone into any type of investment or savings at all it's all been spent by the government and the idea is that each generation when they pay the Social Security they will be paying you know for the previous generation who's retiring their retirement would be paid for by the current people paying into the system there is just been one big problem with that of course and that's baby boomers this large group of people when we entered the workforce we're paying this huge amount of money into the government alright the government just loved that because they just gave these politicians all of this money that they could spend you know buying boats and putting their bonzer away you know back in the office alright and so they spent the money they you know they knew at that time well I'm going to be retired by the time you know the cows come home and I'm not going to deal with it you know will that someone else to deal with that down the road and so they've been kicking this problem down the road all this time but what we have is we have this large group of people paying into the system who are expecting when they are there expecting to get this money back you know for the retirement to live on you know when they're no longer working again alright the problem is with that system where that's paid for not where the retirements pay for not by the people who are paid in to their retirement in the past but paid for by the people who are paying into the retirement right now the problem is when the baby boomers start retiring then you're going to get this large group of people who had been paying into Social Security for all of those years now the sudden they're going to start withdrawing money out instead of putting money in they're going to start getting their social security retirement ticks and they're going to start pulling that money out all right and then you've got a much larger look much smaller I mean much smaller group of people who are working and paying into the system all right so as before where you might have you know 50 people paying into the system to take care of just you know one or a handful of people who are getting retired who are retired getting retirement money paid to them are when baby boomers retire that's going to turn upside down and you've got this large number you know you may have like two or three or four people paying into the system for every person who's withdrawing from the system and since the corrupt government officials have been spending that money on as long as stead of saving it that money or the mattress is not going to work and when baby boomers retire what what and which is happening right now baby boomers are as I said thousands of babies it was a retiree every single day now all right so then the problem is getting worse each year and this is one of the problems that we're seeing with our only right now this is not the only problem that's going on with our economy but this is this is a large part of it this is a part that we can see back in the 80s all right and that is they're not going to have the money to pay for the retirement of the baby boomers all right they're just going to be too much money to be handled by the smaller workforce has come it has come along after the baby boomers all right so that's going to be a problem so what can the government do when that problem gets here all right they can just default and just help you know tell people we're not gonna pass Social Security sorry the system is bankrupt we're just going to shut it down and you guys are on your own now and of course that isn't going to work baby boomers are a large group of people most of them vote and no politician is going to do that all right of course there are other things that they could did they could just cut your benefits on they could on oh but it's not enough they just can't cut it enough the problem is so huge and they have done these things they can tax your Social Security benefits are all of these things they talked about doing and they are building but it's just not enough it's not nearly enough all right another thing that they can do is yes they can pay the money that they promised but they can pay it in devalued dollars in other words when we paid a dollar into Social Security that dollar would have bought say a loaf of bread or actually that dollar would have bought you know maybe two or three loaves of bread all right when we get our dollar back from the government when we retire all right that dollar won't even buy a half a loaf of bread well we still link the same amount of red that we're reading before and but and so we just don't have the standard Livan that we had before because we are just we're working with devalued dollars or in other words dollars that don't go as far and it's easy for our government to do this because we're on a complete fiat money system now our what that means is our money is not backed by gold or silver or anything else alright and which means that they can just create as many of these Fiat paper dollars as they want to create all right the problem with just creating more and more dollars is that whenever you create additional dollars then you have you create more dollars in the system who are chasing the same number of goods are that is the very definition inflation and part of the dumbing down of the population right now is obscuring what the definition of inflation is they don't want American people to understand it back in I think the 1940s or sometimes sometimes back during that time period Henry Ford said if Americans understood the banking system and I'm talking about the banking system essentially that was developed in this country after 1913 the Federal Reserve Act which founds the federal or Federal Reserve and Henry Ford said if Americans understood how our banking system really worked there would be revolution in the streets tomorrow so it paid the government to keep people ignorant about what's going on because then we have this huge inflation that is occurring the government which is complete fault of the government they're irresponsible handling of the money they are not going to accept responsibility they're going to point over there and so illness the unions or you know it's this group over here or stare Russians or the Chinese or its greediest capitalism and it's the greed of account Buddhism and of course all of that is completely BS it's just it's just irresponsible government officials that have created inflation but they're never going to admit to it because as Henry Ford said there would be revolution in the streets tomorrow all right now today that they have complete control over the major media outlets they can which is a major source of dumbing down of Americans and they can ensure that Americans don't understand what inflation is but if you look at an old vixen airing so you get dictionnaire 100 years ago or not even hundred years ago maybe 50 years ago and you looked up inflation the definition is different from the definition in a typical dictionary that you would pick up today all right today of the definition of inflation would be basically most cases robbing prices all right now when you say rising prices you're not explaining okay well what caused the rise the rise in prices already you look at an old dictionary all right then you're more likely to see a definition of like this inflation is essentially the creation of excess money so that there is more money chasing the same number of goods which causes rising prices so according to the true definition of inflation rising prices is a result of inflation it is not inflation but they haven't so dumb down them there were when they thought when they say you know inflation today people are just thinking rising prices no that's not what inflation really is what inflation is is the creation of excess money against P out money not backed by anything which means as the government is unlimited in the amount of that they can create so it's unlimited amount of phone inflation that they free and by the way is just a little side note here it's no coincidence that dispensed be a Federal Reserve Act was was a was passed in 1913 which is the same year that the IRS was formed and the whole purpose people don't realize it but from the start the whole purpose of the IRS and collecting income tax from the American people was to head off some of the inflation in other words to hide some of the inflation from their excess of money creation or how to do that again when they create all this excess money you have more goods tasting the same only more dollars tasting the same number of goods all right so if you can just like suck some of those dollars out of the system in other words take money from people giving them less money to spin because when people have more money to spend more dollars taking the same number of goods causes prices to go up all right if you can suck out some of those excess dollars that the government has created then that means the people have less money to spend and that's one of the reasons right now that we are just seeing taxation just going through the roof all right now there are other reasons for that to occur too mainly it all boils down to just grief on the part of government officials and also their cronies bankers and other corporations who feed off the the people using the government to extract money from the people but that's what taxation is all about from sy 1913 the IRS was formed in order to see how to put a mechanism in a that could suck out some of those excess dollars that were created by the Federal Reserve Treasury Department of Government all right now are where we are today is we're at a point now to where we're seeing decrease devaluation of the dollar are there devaluate devaluing the dollar mainly just by creating excess dollars again the more dollars you create the less each individual dollar is worth in other words you're cutting the buying power of each dollar that's already out there when you create additional dollars are in the buying power of every other dollar out there decreases slightly all right they are creating billions of dollars every single month of additional money this money primarily is just given to the bankers on central bankers are there are any billionaires and trillionaires and the reason for that is just because of these billion areas and debates you know by our government officials who are just nothing but and they will they'll sell out the American people for just ridiculously small amount of money just to ensure that they remain in power all right and all this money it's funneled into the banks and then that allows the banks to manipulate the markets like they are doing today it just gives them the the money in order to buy buy derivatives and buy stocks stuff and when you have stocks and derivatives others that are falling in value then they come in and they start buying them in order to bring the price back up again all right now in other words in order to artificially support the price now the problem is and that is an unsustainable act and it's just kicking the can further down the road each year that they do that they just kick the can further down the road and we're reaching the point now where they can't kick it any further everything that's unsustainable eventually has to come to an end all right and what we're seeing now we're seeing the end of the dollar all right the dollar right now compared to the dollar you know prior to like the 1970s the dollar is worth about 2 cents in other words the dollar will buy well it may be about a nipple compared to 7 it's the dollar compared to the dollar that prior to 1913 we'll buy about 2 or 3 cents worth of goods in other words you go back last last into early part of last century and the and also the 1800s you look at American before you look at American coinage and you see you find a penny a penny was about this size is about this stick and it was solid copper and what it was is it was 1 cents worth of copper alright that was that's called honest money or hard money just like our quarters are made out of silver quarters 25 cents worth of silver a half dollars 50 cents worth of silver a dollar was a silver dollar and it was $1 worth of silver and those saw points were 90% silver and that was real money and that's something we don't have now what we have now strictly paper fiat money that's not backed by anything okay but I want to get back to the subject of this video but which is crypto currencies all right and I apologize for going way off on that tangent about the history of money in the United States but it's important that you understand that concept to understand what I'm going to be saying about crypto currencies all right but first let me explain this sorry how do you protect yourself from a devaluing dollar or dollar that's losing its value as I was saying before back up prior not 1913 the dollar today will buy about about two or three cents worth of goods back compared to the dollar in 1913 and about nipples worth of goods for compared to the dollar in product oh say nothing nineteen seventies alright but uh oh I introduced um the large cent I said it's one cents worth of copper and at that same time there were coins that people don't look people don't know this there were coins in circulation called half cents and what they were they were big too but they were half the size of a large cent they were large stick half cent coins that were contained half cent were a copper alright now compare that to the sense that we have today and it's the appendage that we have today are not even copper they're zinc with copper coating on alright so just like they have devalued our silver money which could pay 90% silver and now our our silver money contains no silver it's just silver colored because it contains nickel and that's our quarter stones and half dollars today which have no silver in them alright this is all part of the dollar dollar devaluation process and when it's one our money now is no longer backed by silver it's just strictly be honest it still cost money to make these coins of course but it doesn't doesn't cost them anything to make all these dollars that are grading now because these dollars are pretty now they didn't have to print them most of the dollars are creating now are just digits that they put in bank accounts primarily just digits they put it into bank accounts of the large bankers alright now how do you protect yourself how do you protect your money your money sitting in the bank are they dying with inflation right now inflation it's not too bad although they're hiding and it's worse than it looks like and one way they're hiding it is you go by your box of crackers and it contains 12 ounces and you go back to the store or week later and that same sized box if you read what it says on it it can insert a 12 ounces it now contains 10 ounces alright still has the same price on it but now you know packages are getting smaller so that so that so people don't notice the price tag shock I wouldn't do that another thing they do which is really really really really really big people don't realize this is going on it's one reason why Americans are so sick is they're decreasing the quality of the foods that we get are used to background I don't really eat sweets today much other than fries then I used two years ago to lighten up Cinque Newtons and speed Newton so these big bar cookies they had like real figs in them and one day I bought my Fig Newtons I didn't like actually don't get in by Fig Newtons but another brand of the fig bars these were not actually the Nabisco Fig Newtons but another brand all right but they all of them do it all of them do this and I was eating these cookies and I know this come things I noticed when they say sweeter than they normally are are and I looked at the filling in it and I didn't see very many of the little big see company still you looking up and one of these big bars you saw all of these things little fig seeds in there because it was real big fruit and I looked on the label of these things and the number one ingredient was corn syrup so that fig that was in that fig real fruit that was in those cookies has been replaced by corn syrup yes it may have 5% you know real fruit in a 10 percent real fruit where is used to it would have 75% or more real fruit in it now it's corn syrup all right the same type of thing is going on with all of our foods in F one reason we're also giving tons of GMO foods today again it's some that they produce amounts of foods but much lower quality although we're still paying the same price for those cookies back when they had real freedom now we're paying that same price but now we're getting corn syrup instead of real fruit alright and even watch what your products and you'll notice that and just if you've been around as long as I've been around I'm in my 60s right now you see a huge huge huge huge decrease in the quality of the food that we have today compared to what we had in the past and this is true for any restaurant particularly because restaurants are competition with each other they have to keep the prices as low as they can the quality of the food I mean even today if I go to I don't mean I we don't need out very awful but sound a special occasion to hold it air or something like that we'll eat out and I'm talking even when you go to a nice expensive restaurant the quality of the food there just is not there like it used to be all right and this is just all part another way that inflation has been bit headphones but getting back to the place inflation hasn't been so bad right now nor has it seem to be so bad for those reasons but it's going to get worse and it is getting worse and every single day now what we're seeing is we're seeing continued devaluation of the dollar which and that's what that's what inflation that's a part of what inflation is because as you create more dollars each dollar becomes worth less and so that the value of those dollars is going down alright so because when they comes time to pay all these baby boomers all this retirement they're going to have to pay pay own are there's no way they could pay them these baby boomers I mean we used to pay in silver you know back prior to 1964 they need them from 65 370 half dollars to pay for two percent silver but during a lot of that time baby boomers were paying into the system the paper dollars in when they paint a paper dollar it represented a silver dollar and you can take that paper dollar and you can exchange it for a silver dollar so we paid silver into the system and what we're getting back now is paper money or digital money that is has no silver in it all pennies knowing how copper in them anymore they're made out of zinc all right and so that is inflation that's devaluation of the dollar and as a result again as I said the risk of repeating myself you know we take that dollar now we used to go Bob to the store and buy remember years ago a grocery shopping with my mother as a child and if my mother would spend like you know fifteen dollars and we'd have a big old bag full of groceries you know big old brown paper sack and she would complain can you believe that fifteen dollars fit in one bag and today we go to the grocery store I can buy 150 dollars worth of food and come walking out of the store with like one or two or two bags all right so the dollars that we're getting is don't go as far and win with your tire we're still going to have to eat we're still have to pay our electric bill and all of our other bills buy gasoline energy bills health bills whatnot we're still have to pay those things but now we're not getting we're getting paid with dollars that aren't worth as much and as a result we're spending gradual falling in our standard of living yet we're making more money when you look at the number of dollars that we're making but those dollars no bonds much and again that's part of what inflation is all right and that is how they're going to handle baby boomers continue devaluing the dollar but there's something else going on here and that's because the dollars the world's reserve currency dollars are held all over the world and the reason America thought all these wars that we fought this world war two is to prop up the banking system to make sure that people continue using dollars we made agreements with Saudi Arabia that we would bother all but we've made agreement with them that they only would sell they're all $4 wouldn't sell it for any other currency our Saddam Hussein came up and he said I'm going to start selling my oil for other currencies including them to start selling it to China for their occurrence and I'm going to start selling it for gold all right well you know the rest of the story you know what happened to Saddam this thing if you look at all the countries that the United States Empire has been at war against the one all the countries that we're at war against right now that we've been at war against for last couple of decades there are all countries who refuse to participate in the central banking system in other words there are all countries that refuse to how their central bank of their country participate with the world central banking system and what do we do we go in we topple the leader who often is so the Democratic the elected leader who go in with start these rebellious support rebels that want overthrow that government will go in assassinate them whatever that's what's the that's the business that the US has been in for decades and that is assassinating leaders who will not participate with world vacuum system in order to put in a puppet leader who will establish a bank that will participate with the banking system and every single comes to the weird wars against right now Syria Iran is a big one that's why we're going to go with war with Iran possibly go to war with China and Russia and it's all because China actually participate in world banking system but they want out but anyway as I said United States dollar is the world reserve currency a lot of countries as a result are holding dollars like China is holding trillions of dollars Japan is other countries are Korea South Korea are when what you're seeing now they're saying it's America they're crushing the value of the dollar then their value of their holdings is decreasing in value so they want to get those get rid of those dollars an exchanger for something real like gold so what was its in over the last couple of years of its in China buying a lot less dollars and instead taking all those dollars as a health and they're buying gold or solid gold but they're all not just gold but they're also buying mines all over the world real estate they're building up their infrastructure they're just trying to get rid of those dollars as fast as they can are but as these countries get rid of those dollars then you're going to have those dollars are going to come into the market and of course more dollars chasing the same number of goods what is that that is inflation all right eventually you're going to see the dollar drop in value to where it's worth zero all right now how can you protect yourself from that all the money that you have sitting in the bank you know you may still have same hundred dollars in the bank that you had last year but with inflation that hundred dollars is only worth ninety seven dollars now an inflation is cumulative each year it's built on the year before so your money in your bank is gradually decreasing in value but even worse than that so as banks are failing what are they doing they're very productive bell ends they change the law down to where the money your money in the bank is no longer your money the bank the money in the bank is now the bank's money you're just now an investor in that bank so then what happens when the bank spells you as an investor in that pain but invested what investors do is they lose their investment or they call that a billion in other words when the banks spell you don't get to money back and we see this happening in other countries around the world and they're talking about it here and if something's definitely coming here so when they say you're going to wake up you're going to find out that the money that you thought in your bank account was there it was just no longer there I mean that's what happened other countries like Greece and you know just woke up one morning and like forty percent or more percent of their money was just gone because of the bet the belly all right now they can take it all that way all right but how do you protect yourself from that and that is you by relapse that you do what China is doing right now you buy say gold silver are these are things that as the dollar decreases and driving these are things that increase in violence region right now silver silver right now is really low at about 17 dollars an ounce but I remember back in the back a couple of decades ago Silver's like four dollars an ounce alright so go and it was before that it was even less than that it's down to two dollars an ounce all right so it's going from two dollars an ounce to like what you know sixteen dollars seventeen dollars an ounce and right now it's low again it's been up to close to $50 an ounce same with gold I remember gold with some two hundred and something dollars an ounce you know now it goes like $1200 an ounce or so it's a value of the dollar decreases these precious metals increase and of course it's well known that gold and silver are hedge against inflation and if you have money and if you're a prepper and you're putting the things away preparing for the future of course gold and silver are hard assets like that are a way to protect a company I think most of my listeners understand that our beginning back to again sorry again for the sidebars but it's really important that you understand these things in order to understand what I'm going to be saying about cryptocurrency all right what about cryptocurrency so yeah crypto currencies are our upcoming thing you know things like bit form bitcoins and but I love their menu of many many more right now they look like they're good investment because they keep going up in price all right remember back when the housing prices one back in prices you know your fifty thousand dollar house also it was worth one hundred thousand it's worth $200,000 worth $300,000 people were buying houses as buying second houses as investments because the gross estate prices run up up up up up like a crypto currencies are now law remember what happened that was a dead price housing prices crashed they had been one of the people who decide to get in on that bandwagon towards in and you pay three hundred dollars three hundred thousand dollars for a house that previously would have been working two thousand dollars the price collapses and now you paid three hundred thousand dollars for house is now worth $50,000 and that's happening again that was the housing crap crash we will have another real estate crash coming up here said according to my sources and my advice is little sidebar here my advice is if you want to buy real estate or buy a house I would wait a few years because there's going to be another clout in the market and then you're going to be able to buy that house right now you're looking at cost $300,000 you might be able to buy a particular dollars after the next class of real estate prices or if you bog right now you pay the top dollars then when it crashes what do you have you know then you're going to be wanting out of your your bank loan a lot of people just walked out and walked away from these houses because the house if they were paying on it they still old say two hundred thousand dollars on this house and now the house another $1,000 so they just walk walked away alright but if you could go wait take advantage of that and you might be able to buy that 300,000 fifty thousand dollars maybe even more depending on how that classes but you're not going to be able to do that if you don't have money in the bank right and if they're taking the money in your checking account in your savings account they're taking that money from your daily basis through inflation that's what I another thing that inflation is if it's a hidden tax it's a way to tax the people without the people know on their been taxed again government's officials love doing that kind of stuff because they love keeping people dumb down and ignorant of what they're really doing and again it's American people understood how the banking system work could be rubber to the streets tomorrow alright now what we're what we're seeing now though is getting back to cryptocurrency because we're seeing a lot of people who are buying crypto currencies like people have traditionally bought precious metals like gold and silver in other words the dollars collapsing these things are increasing in value so they want to jump in and turn their dollars into something that's increasing in value to dollar something that's collapsing in value they want to turn it into something that's increasing in value okay or the problem is crypto currencies are not real okay they're like fiat money there's nothing back in them at all crypto currencies are nothing but digits in a computer and I know there is all kinds of ways you know to protect people from long you know losing losing their money in in crypto currencies if the system goes down but really think about this all right if there is a major disaster it could be anything anything that would bring the internet down and also it could be done purposefully in other words the internet could just be brought under government's control which their increases they are increasing increasingly doing it and eventually the internet of things can be under complete control well just say there is an Ian of electromagnetic pulse from the Sun or there's an EMP attack from some rogue nation knocks out the electrical system of the country okay where are your crypto of currencies where are they going to be all right they're going to disappear are now you you could say well you know Nam and I've got the you know record of these some numbers in there and everything all right let me just listen let me see take that to the bank or let me just let me see you buy food with those crypto currency okay they're going to disappear because they are not real all right this is real this is a 1964 half our it is 90% silver all right there's the thing that I hear on some models economists say and that is if you can't hold it in your hand then you don't own it all right and that applies to the money that's in your bank that applies to the dollar that applies to cryptocurrency and you cannot hold crypto currencies in your hand if you cannot hold it in your hand it is not you do not own it it can be taken away from you I'm afraid that all of this cryptocurrency stuff is going on right now what I'm standing and said a lot of people who would be buying gold and silver to protect themselves from this inflation Vista collapsing dollar those people are now buying crypto currencies and that's another way that they are manipulating the price of a gold and silver down and right now there's a lot of manipulations on eligos so that's not the primary way they manipulate the primary way they manipulate it is by selling short into the markets all right I'm not going to get into that it's proven that they do that it's absolutely no doubt this is completely present admitted they didn't pay fines on it problem is when they make bankers pay fines the bankers have made like you know 100 billion dollars off of this illegal act and then when they get caught and they earn and they pay a fine they're fine is like 100 million dollars or an American's think wow hundred million dollar fine that's a way to get down bankers make them pay but you don't realize they made a hundred billion dollars on that deal and they paid a 100 million dollar fine yeah right that's just the cost of doing business and that's a very very cheap way of doing business bankers too but that's the way our system works but what I'm saying is I'm afraid a lot of people are putting their wealth into these cryptocurrencies and instead of putting it in real things like gold and silver all right now so do not use crypto currencies in any other way other than just you can do some speculation in the market by putting some of your money into cryptocurrency as you know you can if you don't want to trade that that market you think it's going up don't put all of your eggs in that basket okay you want to set aside a little bit of money that you can afford to lose all of it all right go ahead and play with that market but do not consider crypto currencies as being protection for you know for $1 claps it is not collection when the dollar plows they're probably going to get rid of all crypto princess for another bring the internet completely under control of anonymous I'm afraid that the cryptocurrency about that whole deal to cryptocurrencies I'm afraid is the means of getting people not just Americans of worldwide Chinese for buying crypto currencies like crazy car Chinese people are all right they're just being sucked into this deal just like everybody else um the Chinese government is buying gold they're stockpiling gold right but the Chinese people because it's hard for them to get some of these hard assets in China's not as easy for a Chinese person walk into a horn store and buy gold corn or silver corn as it is for Americans to do that so they're putting their money wherever they can get just get their money into out of the dollar and into something that is so increasing in value but all of what if all of these dollars go into these crypto currencies and then all of a sudden they pull the plug on and all this money disappears right well that's kind of like the IRS that came along to suck up the excess money out of the system in order to control inflation and they had to control inflation because the only way the government can continue their counterfeiting of money or continue to print you know fake fiat money not backed by anything they're limited in the amount of that they can do only by inflation all right so they have to keep inflation under control again that's why the RS is bound one way to can keep conflation under control so suck money out of the system allowing them continue this process what if they suck all of this money out of the system in the crypto currencies right now if people were buying gold and silver instead of cryptocurrency then what you would see is we see gold and silver prices increasing like they should be increasing right now and people would really be protecting themselves all right if you want to speculate a little bit in crypto currencies that's fine go ahead don't consider and also crypto currencies have the convenience of it's easier to spend in a lot of cases and say gold or silver or you spin gold and silver you either have to take your silver coin to the store or to your neighbor your neighbor may help eggs you give them a silver dime for get you a dozen eggs all right so you can spend it that way and and there are a lot of people now on the IDA fella that I bought eggs from originally I never mentioned him anything about precious metals he told me on his own he said I also take silver from a exit if you ever want to pay in silver he didn't even know that I was a silver mother or gold look at all but out here in the Missouri Ozarks you'll find out a lot of people will do barter and barter with gold and silver is definitely has always been a preferred barter with other things too of course the golden silver is always been a preferred way to barter cups when they get that gold and silver they know they can always take that over to the next guy where they see has something that they need and they know that gold and silver is easily exchangeable for that alright right now it's easy to exchange these paper dollars but I'm talking about a time when scholar collapses and these paper dollars that you have are worth more as toilet paper than the art going out there and buying goods crypto currencies how the convenience are easy easily spending your money online all right it's harder to spend one of these silver coins online all right now in order to spend the silver coin again if your neighbor grows eggs and they don't they don't understand silver they don't take silver right now it's still easy to take these coins into your corn shop you take it in there open you know six days a week any time you take it in their exchange your silver coin for you know whatever currency is currently using oh if it's a dollar or whatever get you some paper dollars take that if your neighbor is still accepting paper dollars so this sub it goes at several points they can be spent just at this time you might have to we most likely will have to convert it into the correct currency or the dollar in order to spending that's okay I mean that's just it's a little step that you put in there's a small price to pay in order to protect your money from a collapsing of currency collapsing value all right so I bought people and if you want to play with cryptocurrency it's a little bit don't play with them and the costs are an easy way to spend money online if you want to invest in it just a speculation don't put all your eggs don't even put most agreeing let me put a lot of your eggs in that basket you know if you have some extra money that you don't need you can put this money like when you go to the casino which I'm not recommending in which I don't do but I I know that there are people who do gamble responsibly if you call it that who they say they get their paycheck and they say okay well I can afford I got pay my bills I can afford it with this much inside I'm go to the casino and I can you know lose that money I can afford to lose that money and they know they're going to eventually lose it all right or they should know if they understand how to sing those work all right but the problem with people they're gamblers of course is they go beyond that and then they go they lose that money to oh well my Luck's going to change they go to the ATM machines and they take out money that was meant to pay their mortgage or the pay their electric bill or something like that and then they gamble with that and lose that that's what a problem comes in of course but people who down will responsibly if there's such a thing take this amount of money and say I can lose this amount of money this is the cost of Saturday night's entertainment I can you know take this $200 go out to the casino and lose it all and that's you know I've had fun that's my Saturday night entertainment all right well that's the way your cryptocurrency should be too if you want to even dealt with that market um set aside a little bit that you can lose play with it as you know an investment just just know that any day you could wake up in any day and that money is just going to be gone and then eventually that is what's going to happen to all cryptocurrency in my installations at some point it's all going to be gone so letting everybody put all their excess dollars into these things and just what better it's like it's like having people just put all their dollars into a paper shredder here you know come over here this shredder just feed your dollars into this paper shredder right here and of course when they done they're taking dollars out of circulation which helps control the inflation and and so that allows them to counterfeit even more money because they can counterfeit the money without paying the cost of inflation because they're creating all this paper money and then what are people doing they're feeding it through the paper shredder all right so yes cryptocurrency is the new thing if that's how we're going to do business online in the future then that's great I got no problem with that I love you know the anonymity of it the privacy of it the lack of control I think I think all those things are going to come into the system eventually all right right now it's the Wild West I think they might be doing that just to get people sucked into the system so that then they could destroy their wealth or whether they even don't do it on purpose but instead it just happens because of you know problems with the internet the internet we lose Internet we lose electricity I mean if we lose electricity we are going to lose the Internet I mean there's no doubt about that all right so my what I pay for cryptocurrency is don't mess with them thinking that you're protecting yourself from a collapsing economy and a collapsing currency if you want to protect yourself from a collapsing currency to protect yourself from inflation because these things are coming lady boomers are retiring they the only way that the government can get out of the trillions of dollars of debt that they have right now in the hundreds one hundred trillion dollars of unfunded liabilities and that's what unfund that's what Social Security is it is an unfunded liability in our government right now is 20 trillion dollars in debt but if you consider that doesn't count Social Security no and don't other things I got pension plans for government employees and all that kind of stuff if you throw in unfunded liabilities it's over a hundred thousand I mean over a hundred trillion dollars in debt it's impossible impossible to ever pay that back and they're not even getting close to it there are all the best that they can do is just slow down the increase in the slow down the rate of increase in the in the deck and no one's talking about balancing the budget oh they're talking about it but no one is serious about trying to balance the budget in America all they're talking about is decreasing the rate of the growth of the national debt and if there's no chance that's going to be paid back it's there bunch of faults on it and the way they're gonna default on it is driving the dollar down to zero which is all fixed her overall agenda because they're going to put its own one one-world government one world religion one world bank and one world currency they'll bring about world war in order to hide the economic collapse and to get America's attention off of it they're bringing they'll take us to world war with Russia and China and they'll say Russia and China is responsible for the collapse of the dough that's what they're gonna do you think these politicians can actually accept responsibility for their crimes alright not going to happen alright they're going to blame somebody else and I'm just hoping that you're going to be smart enough to know who the real guilty parties are and make them pay rather than supporting these ridiculous wars all the wars that we have now all wars are bankers Wars and all the Wars of the American Empire that's going on right now they're all bankers where they're all wars for the makers these wars not for us these wars are to eliminate but they're all to support the bankers all right so my advice with cryptocurrency my advice in protecting yourself from a declining dollar a dollar but eventually it's going to be worth nothing which we see we see this account being as robbing practices what we're going to see when the dollar the value is what we see is we see in groton crisis that's devaluation of the dollar for the average person they see that it's rising prices with regard to crypto currencies and even with regard to the dollars that are in your bank account remember this if you're not holding it in your hand you don't own it this is survival talk reminding you be prepared or be prepared to be pleased [Music]