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Future Solution: Alternative Currency
In this article when we say Central Bank [CB], The Fed, or Federal Reserve we are referring to the private Western Central Bank that controls our U.S. fiat currency.
As the Federal Reserve note (U.S. fiat currency) loses more and more value we were not surprised when several clients started asking us if we might accept alternate forms of currency. Bitcoin and silver are two subjects that have come up in conversations. We had already been thinking ahead to this possibility before the question ever came up. So we have a little forward thinking on the matter.
At this stage we do not have anything solid planned, however, we are in the research phase with regard to alternate currency acceptance.
Currency Watch – Texas
Texas Governor Abbott recently created a Block Chain Committee to head up the increased mining of Bitcoin. The head of the new committee recently introduced a proposal to make an amendment to the constitution that would allow homeowners in Texas to pay their property taxes with Bitcoin.
Currency Watch – Florida
Last week it was reported through independent journalist that Miami was considering a plan to pay city workers with Bitcoin.
Currency Watch – California
Governor Newsom recently signed a bill calling for a new public banking system in California. This is obviously a step connected to the central bank agenda to try and migrate fiat currency users into their new system. However, the Newsom plans have been a disaster across the board. He cannot even get merchandise ashore at our ports due to his own increased EPA air standards which makes half the trucks in the U.S. non-compliant. This means fewer truckers are able to pick up containers from our ports. As of today there are approximately 157 ships backed up off Long Beach and Los Angeles ports. This just further contributes to the whole problem of inflation and supply line shortages.
Central Bank [CB] Push Back
Obviously, any conversation about ditching the U.S. fiat currency and migrating to cryptocurrency is going to be strongly opposed by the Central Banking system (i.e. Federal Reserve). Remember, though, the Fed is not actually Federal, it is a private banking corporation. They want to introduce their own form of digital currency and tie it to carbon credits, but you know it will come with a central ledger that they can control. The block chain technology is not a central ledger so you really can’t cheat and you can’t just print more money like what they are used to doing.
SEE PART 2 OF THIS BLOG – Friday October 22, 2021
Disclaimer - Truplans Inc is not a financial investment firm. These blog articles are the opinion of the executives only. Always seek advice from a qualified financial planner when making financial decisions.
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