Well known to most people is the fact that the crypto currency market is based upon speculation and good faith (?). Google “Tulip Mania” for some perspective. The crypto market has dropped dramatically. Crypto is a figment! On the other hand, gold and silver are tangible, Biblical and therefore have thousands of years of history as money. Every paper currency throughout history has gone to “0“, and that is likely where much, if not all, of the crypto market is headed.
Derivatives, which are “margin” (90% leveraged) bets on future events by utilizing fiat money (digitally created as is crypto), are, in some estimates, as high as $4 quadrillion – yes, you read that correctly $4 quadrillion! To put that in perspective, the WGP (World Gross Product or all goods and services produced in the world in one year’s time) is roughly $90 trillion. That amounts to 2 1/2% of the admitted $1billion derivatives market. If, it is, as some estimates are, $4 quadrillion, then the WGP is less than 1%! Either way, it is a staggering disparity between the tangible and the speculative. A crash in the derivatives market would bankrupt the world and make the depression of the 1930’s look like the best Thanksgiving and Christmas combined that you ever celebrated! Like a smooth running well lubricated engine that loses its lubrication, the economic engine of the world could freeze up completely.
If that happens, the unprepared will starve, be dehydrated and/or freeze to death!
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