World Blog by humble servant. Crypto.

QUESTION: You mention that cryptocurrency has been orchestrated to get people accustomed to cryptocurrencies for the end goal of the Great Reset – all digital currency so they can tax, absolutely every transaction. All popular blockchains are transparent and provide no privacy but there are some blockchains that do provide privacy and are uncensorable. Do you think crypto could ultimately live up to its name? Jerry

ANSWER: The sales pitch behind cryptocurrency is seriously flawed. (1) they depend entirely upon the government; with the stroke of a pen, they can all be seized; (2) They also depend upon a power grid; (3) they also become dependent upon others accepting them. But note that the last 12 years from 2020 to 2032 is dominated by a rising authoritarian level of government. That means you better not trust that they will simply standby and allow some alternative currency to defeat them. It’s not going to happen. Anyone who disagrees has unprecedented confidence in politicians. I’m amazed when people believe that government really cares about them. The scenario they put out is that these are outside the fiat system and thus somehow surviving. The only thing outside the fiat system as they want to call it is EVERYTHING tangible from real estate, stocks, collectibles, and precious metals. There is a much greater track record behind those and how they survive than cryptocurrencies. If the world went to Hell in a hand-basket as they say, there is no power grid, then how is a cryptocurrency going to survive? In a Mad Max event, the #1 store of value will be food. Forget anything dependent upon the power grid. When the United States wages war as in Iraq, the first thing they did is take down the power grid, the communications, and then the water supply. Step back and look at Putin in Ukraine. He seized the nuclear power station, the biggest in Europe, but he did not shut it down. He did not knock out the communications and he did not attack the water supply. All of that PROVES he had no intention of conquering Ukraine, but he was in fact defending the separation of Donbas. If we were to get into a direct war with Russia or China, they will attack those three key sectors — power, communication, and water. How are cryptocurrencies going to survive such an event?Call me old-school, or just older. But the most PRACTICAL thing you can do is have pre-1965 silver coins that the average person can recognize and see the date knowing that it is valuable. We have all seen those videos where a person is offered a silver bar or a chocolate bar, and they take the chocolate. DO NOT judge everyone by yourself. Just because you understand something does not mean everyone does.Cryptocurrencies are TRADING VEHICLES but not a long-term asset class. I warn about the top in the cryptos,I'm the ONLY unbiased forecaster out there.I just monitor the markets still .(I'm out of all MARKETS.2 years now.)I have no conflict of interest. Someone neck-deep in crypto will never see a decline because they are influenced by their own position.