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mar
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I really like x22report but he gets mad when his guests criticize Gold. It took Dave years to finally accept that Bitcoin is here to stay but he still gets mad about Gold because he thinks the world is going back to the Gold standard and not the Bitcoin standard.
Here is my reply to him:
Dave, I really like the way you report, but I think it would help if you could be a bit more open when your guests don’t agree with your views on gold. I know you're deeply invested in it, which likely makes it a sensitive topic for you, but we tune in to hear a variety of perspectives. Sometimes it seems like you cut guests off when they express differing opinions when they criticize gold.
In my opinion, gold failed as money back in the early 1900s, and there’s no point in trying to return to it now. It has already demonstrated that it can’t function as a reliable monetary system and also it's not even a good store of wealth because it's easily manipulated. Another factor is that the U.S. is on the verge of a manufacturing revolution because of Trump, and gold is needed in the production of technology and other industries. Gold is actually quite abundant around the world, and once we find out that Gold is abundant all over the world, its value would likely drop to under $100 an ounce, which would destabilize the financial markets globally. I think this is something Trump, or any politician, could never openly admit, they need to transfer the world over to Bitcoin before they openly admit that gold ja abundant.
Yes, the Constitution does say gold is money, but it was written in an era before digital money existed, so I believe the Constitution itself needs to be also updated to reflect modern realities. Changing that would likely upset a lot of people and institutions, but it’s something we need to acknowledge.
Ultimately, the way forward for the patriots is to dismantle the current financial system with the use of stablecoins, crypto, and gold. But in the end, Bitcoin will be the foundation of the new global financial system, and it will act as the only currency that will endure long-term.
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