I mean...i'd still never do that ^^
That's lunacy.
Unless you're Pablo Escobar and you're daughter is cold or you live in Weimar, Germany and its 1923.
But if you're reading this you most-likely don't live in 1923 and you probably aren't Pablo Escobar.
If you're not aware, governments around the world have been handing out money like orange slices after an AYSO soccer match.
And, ironically, today as i'm writing this, the 3rd round of stimulus benefits are being deposited into bank accounts across the country (U.S).
But I don't wanna sound like i'm opposed to the stimmy's...
The government did stop our economy and create heinous unemployment...
People need something to survive on. Americans have to eat and stay warm.
But unfortunately...
We will feel the repercussions.
U.S. tax receipts don't match the amount of stimulus distributed...
And the U.S. didn't use it's 'reserves' to fund the three stimulus packages because there are no reserves.
Instead, it created debt in the form of bonds / treasuries and politely asked the federal reserve to buy them all. Or, as they call: it 'quantitave easing'.
The worst part?
The fed doesn't operate on a profit-loss basis.
Meaning, they aren't concerned with making shrewd financial decisions.
The feds balance sheet has taken off over the last year and if it were a public company...no sane investor would dare touch it.
Anyways...enough doom n' gloom.
I wrote this email for a crypto blog.
I've since changed my opinion on bitcoin...I'm not as optimistic about bitcoin as I was when I wrote this...
But, nonetheless, I still own some and think it will continue to rise in price.
Here's my take on why cash is renouncing it's throne and kingship to the mighty bitcoin.
--
Subject Line: Cash is NOT king
Even if you’re new to investing you’ve probably heard the phrase…
“Cash is KING!!” Liquidity is everything bro!!
This is flat out bs.
Sometimes it’s correct.
But other times it’s flat out fraudulent.
Sure, cash is important. It’s the world's reserve currency (for now), and anything you purchase here in the states requires the U.S. dollar...unless you plan on schlepping around a briefcase full of gold bars which I do not recommend... unless you’re robin hood and you just ransacked the kings castle.
But last I checked the dollar fluctuates in value to other currencies and assets on a daily basis.
And right now with massive money printing by the fed and ungodly spending by your drunk uncle Sam...the dollar ain’t lookin’ good.
So why is cash king?
Why would you hold a depreciating asset...that’s being printed to oblivion...under a failing economy?
And if you paint yourself into a corner...what’re you gonna do when you see the value of your cash plummet?
Cash is great when it retains its purchasing power...
But if your cash is losing value by the day...then you’re willingly holding onto a failing asset.
Why is this important?
Because I think there’s one asset that has a brighter future in the value department going forward.
And that's BITCOIN.
Bitcoin has a capped supply of 21 million...meaning no one will be able to create more out of thin air (I’m talkin to you Jaypow).
Bitcoin uses blockchain...a decentralized open and public ledger system.
And bitcoin was created in direct response to the irresponsible money printing we see today.
Yet it’s funny..because whenever you mention the word “bitcoin” people get all weird and suspicious.
Like it hasn’t been the best performing asset over the last 10 years…
So, what’s this mean to you?
I’ve got a post that talks about 7 ways to earn crypto coins that you’ll love.
If you want to see for yourself and get started investing in the asset of the future then click on the link.
>>> Easy secret to earn more crpto [link]
I talk about 7 different ways to earn crypto and why actually... crypto is KING.
Talk soon
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