Let’s talk about “digital currency”! Many people are confused about what "virtual currency" is? What is "digital currency"? I often hear bloggers who don’t understand finance fart casually and they are ridiculous! Why can Bitcoin be speculated to sky-high prices by American capitalists? Because too many Americans don’t understand what “digital currency” and “virtual currency” are! Not only are Americans really bad at math, American peoples are also bad at logical thinking! If the American people want to save themselves now, we must let the US dollar collapse! Why did the US dollar have to collapse? The U.S. dollar has printed huge amounts, the American people have huge U.S. debts. The financial derivatives behind American capitalists have reached 600 trillion U.S. dollars. This is the real behemoth. What is "currency"? "Currency" is a "tool of transaction"! China has used gold and silver for transactions since ancient times, and only later did copper coins and silver notes appear! "Banknotes" are what we call banknotes now! We need to understand one thing: When the official issues a "bank note", there must be corresponding "silver as collateral" for the bank note to be valuable. Officials cannot write banknotes or issue banknotes at will! If the official writes the bank note casually, the bank note is useless paper! This is the situation the U.S. dollar is encountering now. Officials are issuing U.S. dollars at will. The U.S. dollar has no corresponding collateral at all, and the chance of the U.S. dollar turning into waste paper is increasing! When the United States does not have enough assets to repay US$36 trillion in US debt and US$600 trillion in financial derivatives, the United States is destined to go bankrupt and the US dollar will become waste paper!
Ancient people once used shells as currency. Why can't shells become currency? Because you can find a lot of shells at the beach, many people can gain wealth without having to work hard(as Bitcoins). Therefore, shells cannot become legal currency! Seashells are like Bitcoin! The decentralization and concealment of Bitcoin are not the characteristics needed for a circulating currency! Bitcoin’s decentralization and concealment are tools needed for “money laundering”! Bitcoin is "virtual currency". What is virtual currency? "Virtual currency" has no practice stuffs as collateral! In ancient times, people used gold and silver for trading. Why did humans later use coins and banknotes? Because it is easy to carry! The size and weight of "gold and silver" are not suitable for carrying on the body frequently, and the purity of "gold and silver" is difficult to control! Therefore, many countries develop corresponding "banknotes and coins" based on the standards of "gold and silver" and become their country's "currency in circulation"! Therefore, "circulating currency" must have corresponding collateral! We must understand that human beings' initial transactions were "barter", that is, "exchange of goods"! "Exchange of goods" will result in inability to "equal value" and "too much and too little quantity in exchange". Everyone just feels that "barter" lacks "fairness", so we derived "currency"! Currency must have a certain amount of collateral, and currency must have a certain value. When people sell goods, they set "prices" based on the value of the goods! The basis of all prices is the "value of currency"!
"Virtual currency" is not "digital currency"! "Virtual currency" has no value! "Digital currency" is a country that wants to conduct online transactions, and the corresponding "digital currency" is generated. "Digital currency" is based on the national currency to generate "digital currency"! If the BRICS countries issue a "BRICS Digital Currency", they will also issue a "BRICS Currency" on the basis of "gold"! Is "BRIC Digital Currency" the same as Bitcoin? Of course it’s different! "BRIC Currency" will certainly issue different "denominations" based on the amount of gold! The "BRICS Digital Currency" turns paper money into "digital"! The purpose of "digital currency" is to facilitate online transactions, and just like WeChat and Alipay payment! WeChat and Alipay payment are not "virtual currencies", but "digital currencies"! Both WeChat and Alipay have changed from RMB in banks to "digital currencies" in accounts!
Now everyone should understand what "virtual currency" is and what "digital currency" is! "Virtual currency" is like "shells". You go to the beach and dig up a bunch of them. I will use the shells to buy things from you. Are you willing to sell them to me? Why does the US dollar have to collapse so that the American people can live? The US dollar bubble is too big! The Federal Reserve prints US dollars without restrictions, and the US dollars do not have corresponding collateral. The US dollar bubble will definitely burst! What is the biggest problem for the American people right now? The American people don’t have US dollars! The U.S. government's debt is so huge, why don't the American people have U.S. dollars? Because all the U.S. dollars are in the hands of banks and capitalists! Banks and capitalists are now making the American bubble more bigger! The U.S. stock market has become too inflated! Costco has a market capitalization of over $1,000. Costco does not have a market capitalization of $1,000 at all! Costco is a warehouse store. Costco basically has no rights for all the goods. The goods listed on Costco are all products from various manufacturers! Costco's only market value is its "stores", and the "stores" may also be rented. Therefore, Costco stock has been sold too high! The market value of Meta's stock has also reached $700. I don't know who is speculating in US stocks. Let's use the simplest thinking logic, how does Meta make money? How is it possible that Meta stock is worth $700? And the housing prices in the United States are also skyrocketing! Why are U.S. housing prices and stocks serious bubbles? Because there is no place to invest in the US$36 trillion in US bonds and US$600 trillion in financial derivatives printed by the Federal Reserve. They can only invest in US stocks, Bitcoin and real estate! This is why American peoples have been facing severe "inflation"! We must understand: The interest on 36 trillion U.S. debt has made it impossible for the American people to survive! If we don’t let the US dollar collapse, the lives of the American people will be even more miserable! The American people must not think that the capitalists will take pity on us. The capitalists would rather all the American people die than give any profits to the American peoples! "US Dollar collapse" and "American bankruptcy" are the only ways to save the United States! My most pertinent advice to the American people: Don’t put your money in the bank! It's best to grab some cash on hand, the Bank of America can confiscate our money in the minutes! If we have some spare money, we can start hoarding some gold! Remember, we need to hoard 999 gold, preferably gold with a policy. We really don’t know what the future economy of the United States will be like? We must protect our own lives first! We are not rich people! The people at the bottom want to live! The rich are using politics to play the "money game"! In the future, if we use gold and cash for transactions, we will not be controlled by these rich people! As for taxes, let the US government collapse! How can I pay taxes, if I don’t have money to buy food?
