
Reggie Middleton is an entrepreneurial investor who guides a small team of independent analysts, engineers & developers to usher in the era of peer-to-peer capital markets.
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reggie@veritaseum.com
U.S. Budget Gap Tripled to Record $3.1 Trillion for 2020. Shortfall relative to economy largest since World War II. Total outlays soar 47.3% Hear those machines go Brrrrr? If not, reference Panic-Driven Monetary Inflation and It's Effect on Tokenized Gold
This chart below tells a harrowing story!
Intiially, I thought goldbugs would (and probably should) rejoice. Then I thought about the comparison the economic turmoil that led up to WWII in the US, and I thought, "Uh! Oh!". The US confiscated private gold and made its ownership illegal, in an attempt to effectuate an early form of QE and dollar debasement, You. see, you can't print dollars if you have to spend gold to do it, and the USD was on the gold standard. So, take all of the gold, then reprice what you have taken by government mandate (vs market forces), and voila! You've found instant money before the age of the digital printing press. The war started for the US 6 years later.
Things are al little different in this day and age, with tokenization, the blockchain and the Internet, but the government still wields nigh ultimate power.
For those that think this was a one time occurrence....
Buy your fully redeemable digital gold at VeAssets, and read the relevant research in the research section here.
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