Russia Says U.S. Planning $37 Trillion Crypto Reset
By Andrei Jikh
Here’s what others had to say:
@MajorYankov
Sorry but saying gold would go to zero is wild. Gold has been valuable for thousands of years.
@karl6199
US debt is 37 trillion. US holdings of gold is estimated to be 1 trillion. Total market size of all crypto is 3 trillion. Debt is TOO BIG to be solved with dumping gold and buying crypto.
@GTerracciano_
Sell all the gold for a digital coin is the stupidest idea especially in the long run.
@ExpensivePizza
The irony is there’s nothing stable about the “stable” currency.
@MrBlaqgold
The US doesnt have the ability to crash the gold market… gold is not the US dollar… people will never ‘dump their gold’. This is a ridiculous take.
@markgreen8045
This is the scariest thing about social media. This guy’s presentation is excellent. Well spoken, well organized, and clearly understood. The problem is what he is saying is absolute bullshit. Some people will believe him.
@SlackersIndustry
If USA sells all it’s gold the gold price will not go to zero it will go down and people will buy at discount.
@ReneBondoc-y7m
Central banks are buying gold not crypto.
@muhdudespeaks
As soon as he says “gold will go to zero” he is no longer qualified to speak on financial matters
@Reaperofwind
Still doesn’t solve the United States spending problem.
@twenty3_co_uk
The entire crypto market is only $4T – there’s no way to absorb $37T.
Treasuries are the backbone of the global financial system. If the US tried to swap out, bondholders would panic, swap rates would explode, and borrowing costs would skyrocket. That’s basically a default by another name.
@davidfrankenfurter5800
One can’t just dodge $37 trillion in debt, by a simple BS trick, nobody will ever deal with USA again
@TouringWolf42
Nah, gold is real, crypto isn’t. That’s the difference, because the success of crypto will depend on continued speculation.
@LifeIsRythm
They didn’t factor in war or losing the reserve status. The politicians will screw it up with even more debt!
@bravobravo9783
I am originally from Syria and this happened in real life to my dad. In 2010 the 1 dollar = 50 Syrian lira. My dad lends his friend 100,000 Syrian lira=$2000. Civil war started in 2011 time passed my dad friend moved out of Syria but he stayed in touch with my father. After 8-9 years of war and sanctions, $1=13,000 Syrian lira. So my dad friend owed my dad less then $8=100000 Syrian lira.
@zukritzeln
Even when Nixon depegged the dollar it didn’t affect the status of gold as a key reserve asset. Fact is most countries don’t trust crypto (any crypto), and currency is all about trust.
@Jose-cy2zy
Never dump your gold & silver. Also never dump your crypto but remember crypto can be lost forever with a switch aka turn off your WiFi when literally you can hold gold & silver. It’s good to hold all three. This just confirms we don’t have any gold in Fort Knox
@precisi0n86
People said Gold would go to 0 when the US decoupled from the gold standard and dragged most of the world with it into fiat. It’s been more the other way around.
Original source: https://www.youtube.com/watch?v=enUgDZ4ULCc
