Or, as in this video below, Nigeria. When a currency goes to zero, this is what happens, click here to view on twitter.
The American people will not wait 20 years for politicians to expunge all available resources to keep the monetary system afloat. As of today, March 13th. The debt ceiling request from the Biden regime is $7 Trillion. Let that sink in, $7 Trillion. So at that rate the $32 Trillion Government Deficit, will balloon to $52 Trillion in a couple years or so. Why is the debt ceiling request $7 Trillion? See this explanation from Caitlin Long below:
Below is the list of primary dealers:
So far, Silvergate Bank, Silicon Valley Bank, and Signature Bank have folded, they are now controlled by Federal regulators. The Fed has made all depositors whole today. Despite the fact that this bank run and these bank loses, add up to $175 Billion in deposits, yet the FDIC has assets of $125 Billion to cover it. So the Fed is backstopping the banks! There is no way this can go on for much longer. $1 Trillion in cash has been taken out of banks, since the Fed started raising rates last year! $1 Trillion in cash, removed in 8 months! Bank losses are mounting, and we expect another rate increase at the March FOMC meeting. 25 bps or perhaps 50 bps. The Fed has to raise rates, or BRICS nations (Brazil, Russia, India, China, South Africa) will sell US Treasuries and USD backed assets. The higher the rates, the higher the banking losses! The higher the banking losses, the larger the banks that fail next will be. This contagion is just getting started! Will there be a major fight over the debt ceiling on Capital Hill, since it is now being set at $7 Trillion? Absolutely!
The Biden regime has just nationalized the entire US Banking system! Whose paying for it? We all are, it’s taxpayer funded. The new US tax hikes came out over the weekend and they are parabolic! $5 Trillion in total, including 40% capital gains taxes proposed. So the bank bail out is taxpayer funded. Obviously, the debt ceiling raise and new taxes won’t pass as is. Whatever does get passed will be a much higher debt ceiling, and much higher taxes than what exists now. At this point, the US is at an impass. Say the debt ceiling raise is dropped from $7 Trillion to $5 Trillion. Tax increases are dropped from $5 Trillion to $3.5 Trillion. That doesn’t stop banks from failing, then getting bailed out by the Fed. This all leads to a massive deflationary crash when rates get high enough to break the system. If the Fed does pivot, that is hyperinflation. Garaunteed. All of this will play out in 2023. Oh and don’t let the mainstream media tell you it’s only hyperinflation at 50% inflation per month! 50% per year will feel like hyperinflation. Today, we are at 16% to 19% real inflation. Shadowstats.com
The IMF warned the G-20 nations that widespread Bitcoin use could cause banks to “lose deposits”! This is already happening right now. Bitcoin chart today:
It jumped 10% by 2 PM today! Need we say or show any more to prove that Bitcoin is inevitable! It is the lifeboat from this debt slavery, USD global reserve currency, monetary system. Hold Bitcoin, your options outside of that are very limited! We are not financial advisors and this is not financial advise. Hyperinflation is coming, we’ve been warning. Now it’s here! Prepare!
401K rollovers into Bitcoin:
Levelfield Financial is working to get a Bitcoin Bank approved soon that will have Bitcoin credit cards, OTC desk, and Bitcoin custody solutions.