Tiptoe through the crypto

[Bill Bonner’s Diary]( Tiptoe Through the Crypto By Bill Bonner Thursday, September 16, 2021 [Bill Bonner] BALTIMORE, MARYLAND – New ideas come at you, whether you want them or not. Sometimes, they are as easy to understand as a Post-It Note. But sometimes, you don’t know what to make of them. Useful? Silly? Valuable? Time waster? The powers-that-be generally resist them. They fear the powers-that-will-be if they let things evolve freely. If they see a new idea as a threat, they try to drown it in the river… as though it were an unwanted kitten. But often, new ideas are laughed at… or ignored. Or they spread far and wide… until it is too late to stop them. Old versus Young Unlike COVID-19 – which has a grudge against old people – new ideas seem to target the young, those with the least “life experience.” They have not yet been scammed by hustlers, jilted by lovers, disappointed by politicians, and embarrassed by their own bell-bottom leisure suits. They seem to have little resistance to new ideas, and are willing to go along with almost anything. The old-timer, meanwhile, guffaws and grouses. “Damned nonsense,” he remarks. Invade Afghanistan? When was the last time that worked? Call a boy “they?” Fill deficit gaps with printing-press money? He despises almost all new ideas… And he’s right… 90% of the time. Most of them never catch on… or they fail later. Is he right about cryptos, too? Recommended Link [Shameful! See What Biden and the Democrats Just Did To YOUR Money]( [image]( The U.S. House of Representatives voted to let the IMF circulate what could be a new elite-controlled reserve currency. Its exchange rate could effectively devalue the U.S. dollars in your pocket and your savings. It’s all part of a disturbing agenda called the “Great Reset,” endorsed by the likes of Alexandria Ocasio-Cortez and radical liberals, under the guise of “equality.” How can you protect your money and all you’ve worked for from this reset? [See this briefing on what to do next]( -- Best Move Our guess: Yes and no. That is, it looks as though cryptos are proving useful. [As we saw yesterday]( people are buying things… transferring money… and making deals, using cryptos as the means of exchange. Someone even bought a house from us in Nicaragua, and paid for it in bitcoin. And imagine that you are in Venezuela… or Argentina… In Venezuela, the local currency – the bolívar – has almost no value. In Argentina, the peso loses half its value every year. In the U.S., the official rate of loss is 5% per year. But if you buy a new house – [now rising nationwide at an 18% rate]( – the 5% greatly understates your “inflation” challenge. An 18% increase on a $300,000 purchase takes a lot more out of your wallet than a 5% increase on a loaf of bread. What can you do to protect yourself? So far, going online and buying cryptos has proven to be about the best move you can make. The brand-name leader, bitcoin, rose 340% over the last year. [Featured: 2,000X Bigger than Bitcoin? Forbes calls THIS the Future]( Marvelous Invention… In Theory Or imagine that you just wanted to put your money someplace safe. The whole idea of inflation is to rob the public. There is no other reason for it. The feds control the money supply. If they didn’t want inflation, they could easily stop it; just stop “printing” more money. Or back it with gold, which they can’t print. But honest money is the last thing they want. Dishonest money is much more convenient. They use it to pay their bribes and bamboozles. And they never have to ask the voters for a tax increase. So, what a marvelous invention – a “crypto” currency that the feds can’t track… can’t control… and can’t use to rip you off. It’s like gold… but you never have to dig a hole to bury it. Or pay for shipping. You go online. You trade your government-issued money for cryptos. And then, you can send your wealth… at the speed of light… to anywhere in the world. There, it can be downloaded and exchanged for a house, a car, or a [trip to the moon](. Recommended Link [Congress’ Next Move is Insane]( [ad_img]( Legendary investor and billionaire Stanley Druckenmiller has just issued a major warning. Congress is about to pass a bill that could have disastrous consequences for our nation. He said: "If I was Darth Vader and I wanted to destroy the US economy, I would do [that]." Unfortunately, the Wall Street Journal says most investors are unprepared. By the time you see this message, this bill may already have become law… and it might be too late. [Click here to get the details and see one simple move you can make now to protect yourself.]( -- Practical Reality At least, that’s the idea. In practice, houses, cars, and trips to the moon are traceable, controllable transactions. And the feds are likely to want to know where the money came from… and where it went. Recall that the feds can be ruthless. In practically all the world’s wars, people in the path of an invading army try to hide their food, their wealth, and their daughters. They are successful only when the invaders are not too determined. Otherwise, they’re tortured until they give up their secrets. In the Ukraine, in the 1930s, it was food that the federales were after. The Kremlin elite suspected that the local people were hoarding food, trying to protect themselves from starvation. They sent thither a swarm of agents, who tortured and murdered people to get them to reveal their hiding places. In the subsequent famine, at least five million people died. Will the feds torture Americans to get them to open up their crypto accounts? We doubt it will be necessary. They will simply insist that all transactions pass through approved banking channels. [Featured: WARNING: Is Your Bank on this List?]( Crypto Use Cases But let’s not get distracted. From what we can tell, the crypto cat appears to be out of the bag. It’s too late to drown it. Cryptos are being used in many ways… You can buy, sell, trade, gamble, borrow, lend… Some of these uses will probably prove durable. We just don’t know which ones. Or how. Or when. But does that mean you can put your money into cryptos and get rich… or even just protect your wealth? Do cryptos go up in price – always? Are they fairly priced today, with a good chance that they will be higher tomorrow? Not necessarily. As we saw [yesterday]( you can even put your cryptos on deposit… and earn 6% interest. Recommended Link [Former Tech Executive Issues Urgent Plea]( [image]( "I'm not trying to scare you... But for many people - life is about to take a very strange turn." [Click to Hear His New Warning.]( -- Fishy Conundrum But how? Why? In order for the lender to pay the depositor 6%, doesn’t he have to make, say, 10%? And who is going to pay 10% interest to borrow a skyrocketing “money”… when he could borrow the dollar for 5%... and pay back the loan with a currency that is 5% cheaper? Do you smell something fishy, Dear Reader? Regards, [signature] Bill --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=Tiptoe through the crypto). --------------------------------------------------------------- FEATURED READS [Demand for Mortgage Applications Is Increasing]( for mortgage applications increased over 7% last week to their highest level since April 2021, Yet the interest rate on a 30-year fixed-rate mortgage remains at 3.03%... [Retail Sales Surge in August Despite the Delta Variant]( sales are 15% higher compared to one year ago. Sales in almost every industry have increased, except for auto. Part of the increase reflects higher prices, particularly for groceries and building materials... as inflation rises at the fastest rate in three decades. MAILBAG A dear reader debates Joe Biden’s vaccine mandate… while others caution the need to be “[woke]( and the meaning of freedom… On Thursday, the U.S. president went on TV to announce that henceforth, people who work for businesses with more than 100 employees would be required to be vaccinated against COVID-19. When and where did President Biden receive his license to practice medicine? And in which states are his license(s) valid? Will the American Medical Association challenge his medical practice? Will the Attorneys General of multiple states take action for his prescribing medication to their respective residents without a license? This action of enforcing a medical treatment without consideration of an individual situation violates medical ethics on several levels. (Whether one supports vaccines or not, hopefully even the most devoted vaccine supporters can recognize this override of ethics, including the tenants expressed in the Hippocratic Oath.) Thanks to Mr. Bonner for his writing. – Michael B. Well, let me see! My brother, who is fully vaccinated, went to the hospital for medication. Four days later, he tested positive for Covid. Now, 30 days into his hospitalization, they tell us he is ready for rehab. He can’t talk and he can’t walk. But why vaccinate if you still get the virus? Why not issue medication to keep from getting the virus. There are several that work. And, my brother who is 76, just tested positive for Covid again. I don’t know how woke I have to get, but if this is woke, I’ll pass. – Don H. There will always be uncertainty in many aspects of life. Patriots were uncertain that they could free America from the British. Both sides in the Civil War were uncertain they could win. Americans are uncertain the pandemic can be contained. I appreciate my right choose. We must remain a free country or lose everything for certain. – Cinda A. Regarding freedom of choice, it comes with a responsibility, not as a deterrent. Most of the U.S. population today chooses to be victims, I guess so they can join the hapless, poor, irresponsible class that prefers to live off someone else. This class was created by the mainstream media as deserving of pity and help. The problem is this creates weakness and a need to be satisfied with what is given, instead of earned. Kind of like remaining a child all your life. In the physical world, “childhood” ends and responsibilities pile up. Freedom allows us to live as we choose, as long as we will accept personal accountability, not government handouts. Intellectuals insist that all are entitled to a “good” job, “fairness,” and a freedom from distress in life. I prefer to be an opponent, earning my rewards and successes, acknowledging my failures, and teaching my children to be responsible for their lives. So go ahead, U.S. Citizen, make my success all the easier by your lack of competition. – William C. Has someone you know been sick with Covid, like Don’s brother? Is being “woke” worth it? Write us at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=Tiptoe through the crypto). IN CASE YOU MISSED IT… [Welcome to an empire of debt]( Our credit system is currently sitting at $68 trillion. It’s the largest debt ceiling in the history of the world – in fact, it’s more than twice the value of every single home in America put together. It’s the most crucial part of our economy. And despite stagnant wages and rising costs, America still appears to be getting richer and richer (at least on paper). And there’s the problem… This massive credit system is about to collapse. But this system has a dark secret about where they’re going to get money to pay off this massive debt. This will affect EVERY American citizen! [Click here before it’s too late.]( [image]( --------------------------------------------------------------- Get Instant Access Click to read these free reports and automatically sign up for daily research. [image]( [The Ultimate Guide to Taking Back Your Privacy]( [image]( [An Insider's Guide to Making a Fortune from Small Tech Stocks]( [image]( [The Gold Investor's Guide]( [Rogue Economincs]( Rogue Economics 55 NE 5th Avenue, Delray Beach, FL 33483 [www.rogueeconomics.com]( [Share]( [FACEBOOK]( [Tweet]( [TWITTER]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Rogue Economics welcomes your feedback and questions. 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