The Bitcoin Standard

Why Elites Hate Cryptos Were you forwarded this email? [Sign-up to The Daily Reckoning here.]( [Unsubscribe]( [Daily Reckoning] The Bitcoin Standard - The Federal Reserve Bank isn't federal, it has no reserves, and it's not even a bank… - The Fed’s “Mandrake System of Magic Money”… - Bitcoin: The “gold standard” for cryptocurrencies?… Recommended Link [“The 12 Million Mile Battery”]( [Read more here...]( One of Tesla’s “original seven” employees has beaten his former employer, creating a battery technology so powerful it can send a Tesla across country without charging — four times. It’s capable of charging in eight minutes, not hours. It’s on the cusp of sparking a 20,300% market surge over the next decade. [Click Here For The Full Story]( Scottsdale, Arizona January 12, 2021 Editor’s note: Lost amidst all the election chaos of recent times is the remarkable resurgence of bitcoin. Is it merely another massive bubble waiting to burst, or something else? Today, “Rich Dad” Robert Kiyosaki weighs in. [Robert Kiyosaki] Dear Reader, In 1910, seven men held a secret meeting on Jekyll Island off the coast of Georgia. It's estimated that those seven men represented one-sixth of the world's wealth. Six were Americans representing J.P. Morgan, John D. Rockefeller, and the U.S. government. One was a European representing the Rothschilds and Warburgs. In 1913, the U.S. Federal Reserve Bank was created as a direct result of that secret meeting. Interestingly, the U.S. Federal Reserve Bank isn't federal, there are no reserves, and it's not a bank. Those seven men created this new entity, commonly referred to as “the Fed,” to take control of the banking system and the money supply of the United States. American citizens were told that the Federal Reserve would provide a reserve of liquid assets while allowing for currency and credit to expand and contract with the movements of the U.S. economy. The Federal Reserve was created on December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law. The Federal Reserve, as we know it today, has four general responsibilities: - It conducts the nation’s monetary policy by influencing money and credit conditions in the economy. In other words, the Fed changes money and credit conditions in order to get as close to full employment and stable prices as possible. - It supervises and regulates banks and other important financial institutions to protect the nation’s financial health and (supposedly) the credit rights of consumers like you and me. - It maintains the stability of the financial system and contains any types of systemic risk that arises. (Think: fixing extremely low interest rates during the recession). - It provides financial services to the U.S. government, U.S. financial institutions, and foreign official institutions. From my point of view, however, the Fed only has two powers: to create money out of thin air and to lend money they do not have. I will once again remind you that the Fed is not federal, has no reserves, and is not a bank. Yet, as I’ve already explained, the Fed has the power to control the money supply of the United States. The Feds run the game. With Biden and company about to occupy the White House, [this could prove to be the most important financial step you take between now and inauguration day.]( Recommended Link [Outsmart Wall Street’s Top Options Traders]( [Read more here...]( It's no secret that the market has provided endless opportunities to generate extremely profitable trades this past quarter. Scott Bauer, a professional trader with 25+ years of experience has already been targeting numerous triple-digit wins like these this year alone... He’s actually put together a free guide that has 25 winning option strategies. [Click Here To Access The Options Profits Trading Guide]( Bretton Woods and the Downfall of World Banking In 1944, just as World War II was about to end, a meeting of international banking leaders was held at a resort in Bretton Woods, New Hampshire — the United Nations Monetary and Financial Conference. The conference resulted in the creation of the International Monetary Fund (IMF) and the World Bank. While popular perception is that these two agencies were created for the good of the world, they have actually resulted in a lot of harm — at the forefront of which is the spread of the fiat monetary system throughout the world. The Bretton Woods Agreement basically required world governments to copy the Federal Reserve System. Today, most central banks, such as the Bank of Japan and the European Central Bank, are modeled after the Fed. In 1944, the U.S. dollar became the reserve currency of the world. This meant that global central banks put the U.S. dollar in their banks just as Americans put dollars in their savings. Things were fine as long as the U.S. dollar was backed by gold. But rather than hold gold, central banks held the dollar and U.S. bonds as real money. In 1971, as you’ll learn more about in a bit, the dollar was severed from gold, and the IMF and the World Bank required the rest of the world to separate from the gold standard as well or be excluded from their “club.” Today’s global crisis has spread because the world economy is floating on Monopoly® money. The dollar is no longer real money. It’s just debt. The world is now based on a fiat currency system that is backed by nothing other than the “good faith and credit of the United States.” This has led to the wild economic swings we’ve seen over the last few decades — [and the swings will only get worse.]( Centralized banking has a monopoly on providing the currency and on transferring the currency internationally. However, that changed when Bitcoin came along and offered the one and only alternative. Challenges To Mandrake’s Money Show If you’ve read my book Fake: Fake Money, Fake Teachers, Fake Assets, then you are familiar with what I called the “Mandrake System of Magic Money,” named after a comic-strip magician named Mandrake. Mandrake could pull anything out of his hat, just like the Fed can print money out of thin air. In 2009, when Bitcoin appeared, it began to challenge Mandrake’s Magical Money show. Mandrake does not like competition. The architects and controlling elite (basically the real Mandrakes) will fight back against cyber money, the people’s money. One giant advantage of cryptocurrencies and blockchain technologies is trust and security outside the banking system. As Bitcoin rises in popularity, the power of the banking system — Mandrake’s Magical Money Show — will lose its grip on the financial freedom of the world. Recommended Link [3 critical dangers you will be facing in Joe Biden's America]( [Read more here...]( In just a few days America as we know it will change forever. And sadly, a majority of American’s are completely unprepared. That’s why this “political operative” has outlined the steps you should take if you want to protect your wealth. [See Them Here Today]( Many cryptocurrency miners and developers are driven by intense desire and passion (and in some cases a hatred) to bring down Mandrake’s Magical Money Show and the invisible leaders or “controlling elite.” [Today, billions of people are trapped in a central banking system owned by the mega-rich.]( The central banks are not elected by the people and do not have to answer to the people. That is why gold and Bitcoin are a threat to central bankers. Bitcoin is the “gold standard” for cryptocurrencies and is a threat to those who print fake money. The Fed and Bitcoin miners have a lot in common. They both manufacture money. That is why cryptocurrencies are a threat to the Central Bank’s monopoly on fake money. But, cryptocurrencies are more legitimate than the fake, government money we already use. While I am not an expert on cryptocurrencies, I do understand that blockchain technology is real technology. Blockchain technology is more trustworthy than human beings. Money is dependent upon trust, so I trust blockchain technology more than I do human beings. Blockchain technology will change the world because blockchain technology is more trustworthy than government money. I prefer gold and silver (God’s money) for the same reason. Gold and silver are far more trustworthy than the people running our governments, banks and pension funds. If you’re seeking new and exciting opportunities to achieve your financial dreams, then the world of cryptocurrencies might be a great platform for you to explore. Just know that the future of this marketplace is entirely unpredictable and prices are fluctuating daily. It’s the people versus the government and the controlling elite, [so before you jump in, get educated.]( As Benjamin Franklin once said, “An investment in knowledge pays the best interest.” As with any investment, do your research and make sure you’re educated before you plunk down your hard-earned money. Regards, Robert Kiyosaki for The Daily Reckoning P.S. President-elect Joe Biden has made lots of promises starting on "Day One" or early in his presidency… [Click here for more...]( He's promised to undo many of Trump's tax cuts... boost workers' rights to unionize... ban natural gas leasing on federal lands... pass new anti-discrimination protections... rescind Trump's travel bans... and much, much more. Not to mention [the changes we'll inevitably see]( because of all the new money printing and debt that's accumulated over the past few years… There's absolutely no doubt that the next few years are going to see massive transformations to our financial system. Which is why Porter Stansberry, Founder of Stansberry Research, says there are [3 critical steps every American must take]( with his or her money, starting immediately. You don't have to pay a penny to hear Porter explain more about all three steps. Just take a few minutes to check out his presentation on the subject, [right here.]( --------------------------------------------------------------- Thank you for reading The Daily Reckoning! We greatly value your questions and comments. Please send all feedback to [feedback@dailyreckoning.com.](mailto:dr@dailyreckoning.com) [Robert Kiyosaki][Robert Kiyosaki]( author of bestseller Rich Dad Poor Dad as well as 25 others financial guide books, has spent his career working as a financial educator, entrepreneur, successful investor, real estate mogul, and motivational speaker, all while running the Rich Dad Company. 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