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Governments and banks are the only winners with fiat currency, says Max Keiser

Governments and banks are the only winners with fiat currency, says Max Keiser

Utilizing the analogy of a Hello/Lo poker recreation — quite a lot of poker which crowns the very best and lowest fingers as victors — broadcaster Max Keiser defined residents will finally lose in relation to holding government-issued currencies. 

“Until you are a rustic, that may generate income by debasing your forex, by getting kickbacks from Wall Avenue who packages all these currencies within the type of unfavorable price interest-rate bonds, you then solely have one alternative,” Keiser stated throughout an Oct. 15 episode of his present, the Keiser Report, including:

“You may solely attempt to win the hand with the excessive hand: gold, silver and Bitcoin. You may’t win enjoying the low hand except you are a sovereign state or a significant funding financial institution, and that is the sport in the present day.”

On the tail finish of a wild yr, which included the U.S. printing important quantities of cash, financial difficulties, and international pandemic issues, quite a few commentators proceed to push a story that prioritizes different monetary belongings over money.

“The foreign exchange market, the paper-money pushers, the sovereign currencies — they’re all attempting to, quote ‘stoke inflation,’ however we all know that is false,” Keiser defined. “They’re attempting to debase their forex to spice up exports on the expense of all people else on the poker desk, the geopolitical recreation. […] The query is — who could have the worst forex going ahead?”

Solely governments and banks can win the low hand possibility, in response to Keiser. Small gamers have one other route, nonetheless — successful the excessive hand by proudly owning gold, silver and Bitcoin (BTC). Individuals typically look to this trio of belongings for inflation safety, and as hedges towards different financial situations. 

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