That’s when I PAUSE
Mark Twain once said, “Whenever you find yourself on the side of majority, it is time to pause and reflect.”
So when the majority of the planet conforms to the disaster porn…
I pause and reflect
Let’s put it into perspective…
Up to 650,000 people die of flu every year. Up until now, about 100,000 people died of Covid-19.
Don’t get me wrong, this is still a horrifying number of deaths.
But even the highly cited IHME coronavirus projections that started this panic have been significantly revised.
They revised their original projections by two thirds (from 200,000 to 60,415 deaths in the U.S.)
On Friday, Dr. Fauci and the White House finally conceded that the coronavirus mortality rate is like very BAD FLU…read here
And so did the Stanford University Nobel laureate Michael Levitt: “The real situation is not as nearly as terrible as they make it out to be.” read here
So who launched this hysteria and why?
This is a BIG picture…
We all know now that the high debt caused the 2008 financial crisis.
But many people don’t know that government, corporate, and private debt has only increased since then.
Yet again, the Fed has only 1 solution to anything:
Print. MORE. Money.
We’re merely repeating history here…
The pandemic is giving them another excuse to print TRILLIONS.
- $6 Trillion in bailouts has been approved by Fed
- $160B per day goes into the banks to help keep them operating.
- $2 Trillion in the “Corona Checks” stimulus for 16 million unemployed Americans
- $17 Trillion worth of bonds are yielding negative returns
And this is just happening in the U.S. …. the world will soon follow.
So what does it mean exactly?
It seems obvious…
At some point, there will be HYPERINFLATION and a complete loss of faith in the economy.
They will drop decades of your hard-earned wealth into oblivion.
Question is…
What will the alternative financial system look like?
Of course, gold could become a medium of exchange again…
But there is something BETTER
You guessed it…
BITCOIN
Don’t get me wrong…
Everyone should own some gold, silver, and other precious metals.
That said…
…and that’s where it gets really exciting.
As the global financial crisis of 2008 gave birth to bitcoin and fintech has gone mainstream.
The Corona recession will see crypto go mainstream.
Today only about 1% of the population own and use crypto.
But the major institutions have already started offering crypto:
- CME Group offers cash-settled Bitcoin futures.
- NYSE owner ICE launched bitcoin trading via Bakkt.
- There’re dozens of regulated and insured crypto custodians.
- Amazon now accepts Bitcoin.
- Starbucks lets you buy coffee with Bitcoin.
- Facebook issued a cryptocurrency.
- Over 60 central banks are developing their own digital currency (CBDC)
Yes, the crypto tipping point is very near.
It won’t take long for coronavirus induced hyperinflation to take hold…
Owning, trading, and using crypto will be THE Most Lucrative Activity
In fact, many investment experts believe the cryptocurrency represents the greatest wealth creation and wealth-transfer mechanisms in human history!
There is massive profit to be made in many cryptocurrencies.
The key is knowing WHEN to buy, WHEN to sell, and WHEN to hold…
Be smart. Be prepared.
