Ron Paul, former US presidential candidate, in his essay criticizes the current American economy and argues that the combination of gold and cryptocurrency can compete with the dollar or even supplant it..
Gold, Yuan or Crypto: What Will Replace Dollar Hegemony?
According to Ron Paul, the US government throughout the XX century deliberately lowered the value of precious metals such as gold so that regulators could control fiat. However, the global economy will soon abandon this «fake» models and will adopt a new standard in which gold and cryptocurrency will begin to coexist in a single currency system.
Bitcoin Will Replace The Dollar ? | Gold Price Manipulated ? | Ron Paul
He suggests that the combination of these two elements will allow them to quickly adapt to the new concept of money. During a serious currency crisis, precious metals will be used in trade. Ron Paul claims he knows several such initiatives and people are already starting to buy gold reserves..
The text also states that the United States does not have a free market economy. The Fed, the Treasury, the SEC and the CFTC are hindering not only Wall Street crises, but also ordinary citizens by hidden real situations and manipulating indices.
Recall that the president of RACIB spoke about the potential of the Russian cryptoeconomy.
text: Ivan Malichenko, photo: Ron Paul