| Bitcoin and fiat currencies (such as the dollar and the euro) are very different types of assets. Traditional currencies are backed by a government in which people trust–they are legal tender. Therefore, it is a legal obligation to accept them as a means of payment–which is not the case for any private crypto-currency. The main difference is that bitcoins are “private money” introduced by the private sector. Therefore, the supply, governance and control of the two assets are different. On the other hand, Gold has been an asset that holds value over long periods and is used to hedge against market downturns. |
The Coming Monetary Reset and Trump's Impact on Gold and the Dollar
At $1.1 trillion, annualized interest on the US federal debt
is now the second-largest budget item
—and is on track to become the largest.
by Doug Casey**
Starting in the 1960s, a growing number of people noticed the size of the debt and annual deficits. Even back then—when numbers were trivial compared to current levels—it was said this can only end up one of two ways: Either runaway inflation, where the dollar loses all value, or catastrophic deflation caused by massive defaults in debt.
It occurred to me, in the 1980s, that it could wind up with both happening, either in sequence or simultaneously in different sectors of the economy. While you couldn't rule out a soft landing, the most likely eventual result would be financial and economic chaos.
Massive money printing and debt accumulation have gone on for something like 80 years, and the system has held together. Why should it end now? Maybe they can wring one more cycle out of the corrupt Keynesian system. That said, I think we have finally reached the actual crisis point. Although 
this certainly isn't the first time the inevitable seemed imminent…
What's genuinely different this time is Trump. For whatever reasons—yes, I know what the party line is—he and Elon are radically reforming the government and may yet change the downward trajectory of America. At least they're throwing sand on the slippery slope.
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La Junta se negó a revocar la distinción. El comité insistía que el Times y el Post habían "dotado de recursos profundos" e "informado implacablemente" sobre la "interferencia rusa en las elecciones presidenciales de 2016 y su conexión con la campaña de Trump".
It’s necessary to note that several assumptions underlying that motivation are debatable. The answer to what Politico’s writers characterized as “finicky water supplies” is to build more water supply infrastructure and reform delta management. It’s also incumbent on proponents of massive photovoltaic installs to evaluate the heat island impact of 200 square miles of absorbent black panels. We must also mention the biggest elephant in the room, the fact that even with battery storage so photovoltaic panels can supply continuous electricity day and night, there are massive seasonal fluctuations. In 2023, California’s utility-scale photovoltaics generated 4,456 gigawatt-hours in June, but only 1,832 in December. If California goes even bigger on photovoltaics, good luck selling your power in June.