Digital Dollar

The United States dollar is dead as we know it. Credit cards reduce spending limits; savings accounts have no withdrawal limits. Our government is currently putting a bandage on its vertical slit wrist. Many people will join American's economic grave. The greatest depression is manifesting before our eyes.

The world is always changing because we are consistently improving our perception of reality. Yet, with each advancement comes a new battle. We have reached heights as a civilization that have never been seen. Fake prosperity and selfishness have distorted our vision, but the two shadows casting "reality" have been exposed.  It should be more than clear that crypto will reign supreme. Why wouldn't it? It checks all four necessary boxes that the united states dollar doesn't: 

1. Durable- the medium of exchange must not weather, fall apart, or become unusable. It must be able to stand the test of time.
2. Portable- relative to its size, it must be easily moveable and hold a large amount of universal value relative to its size.
3. Divisible- should be relatively easy to separate and put back together without ruining its basic characteristics.
4. Intrinsically Valuable- should be valuable in of itself, and its value should be totally independent of any other object. Essentially, the item must be rare.

 Bitcoin, Xrp, and Litecoin are just three examples of a cryptocurrency that fulfill all four boxes. Hence, why I have been calling cryptocurrencies the new safe haven or precious metal. Educate yourself and prepare for this paradigm shift.

Trump Becomes Sugar Daddy?

Steve Mnunich states it was his idea to put Trump's name on the stimulus checks most of us have received. This worked to win over voters and temporally placate the masses. However, with millions of Americans losing their jobs every week, a mere $1,200 check sent out one time can only do so much. Therefore, two democrats have proposed a new bill that would give middle-class Americans $2,000 every month for a year:

$2,000 Monthly Stimulus Check Eligibility:

• Every American age 16 and older making less than $130,000 annually would receive at least $2,000 per month.
• Married couples earning less than $260,000 would receive at least $4,000 per month.
• Qualifying families with children will receive an additional $500 per child – for up to three children.
• Those who had no earnings, were unemployed, or are currently unemployed would also be eligible for the stimulus even if they didn’t file a tax return.
• Those who were not eligible in 2019 or 2018 but would be eligible in 2020, could submit at least two consecutive months of paychecks to verify income eligibility.

Despite Andrew Yang's failed presidential campaign its chief idea has started to gain a foothold on the political scene-UBI. I have said this before. President Trump will more than likely use Yang's idea to garner support from his now "enemies." 

The question one must ask now is how much will this affect Americans' actual wealth? I.e. how will this affect prices on goods and services? Also, will this pave the way for digital currency? If so, that could mean negative interest rates will hit your checking account. History shows us that fiat currency always collapses, and the American dollar's demise is already written on the walls. However, if this passes, it would be wise to spend that government check on precious metals and cryptocurrency.