Max Keiser: China Secretly Hoarding Gold and Will Unleash Crypto Backed by Metal and Destroy USD

  • Kitco NEWS
    China’s big move for the 21st century is to pull a “trap door” on the U.S. by launching a gold-backed crypto currency that will devalue the U.S. dollar to “zero,” this according to Max Keiser, host of the Keiser Report. “[China] is rolling out a cryptocurrency, a lot of the details have not been divulged. I can tell you that the cryptocurrency that China’s rolling out will be backed by gold. It’s a two-pronged announcement. Number one, China’s got 20,000 tonnes of gold, number two, we’re rolling out a crypto coin backed by gold, and the dollar is toast,” Keiser told Kitco News. Keiser added that bitcoin is a superior form of currency to gold. “Both fiat money and gold are inferior to bitcoin for one very simple reason, that with a bitcoin transaction, it is also simultaneously the settlement. You don’t have that with fiat, you don’t have that with gold,” he said.

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Socioecohistory

Socio-Economics And History Blog

Socio-Economics & History Blog

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Societal and economics observer and commentator with an endtimes, future history perspective, in a satirical way. Website: http://socioecohistory.x10host.com/

Socioecohistory

Socio-Economics And History Blog

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