News China’s gold-backed crypto looming as ‘Pearl Harbor type event’...

China’s gold-backed crypto looming as ‘Pearl Harbor type event’ for US dollar in 2020

-

- Advertisment -

China’s gold-backed crypto looming as ‘Pearl Harbor type event’ for US dollar in 2020

There are two economies in the United States, says RT’s Keiser Report, the real economy, where the 99 percent live, and the one-percent economy, where bankers and the corporate elite live.

“Consumers are spending and life is going on,” whereas on Wall Street one can see “non-stop interventions, quantitative easing is needed, interest rates were cut again this week for the top one percent,” Stacy Herbert says.

“There’s never enough money,” as those from the one percent “want more and more…”

According to Max Keiser, there could be “a catastrophic trapdoor opening underneath the US economy.”

When China announces as a surprise its 20,000 tons of gold and a gold-backed cryptocurrency that “will kill the US dollar deader than a doornail,” it will be a “Pearl Harbor-type event and it’s coming in the next six to nine months,” he predicts.

For more stories on economy & finance visit RT’s business section

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Yield Farming Program “Volcano” Kicks off Dutch Auction for Cryptokitties KittieFIGHT Game

In the fall of 2017, along with the rallying of Bitcoin and other digital assets, Cryptokitties dominated...

Ministry of Foreign Affairs of Denmark may use Blockchain to tackle corruption

We have already moved to the stage in our lives where technology plays an important role in...

What Lessons Can The World Learn From Venezuela’s Newfound Love For Crypto?

It is often the case that great changes are forced out of necessity, rather than a willingness...

How Bitcoin Capitalization Affected In 2020 on the Quarantine Background

Although the weeks of quarantining are gradually easing off, the impact of dealing with the deadly coronavirus...
- Advertisement -

Seamless Crypto Exchange HolyTransaction Allows Gridcoin Staking

In today’s world, the time value of money is very important and everyone likes to earn a...

How to Use Big Data Analytics Against Rising Cyber Security Attacks?

Big data and big data analytics have many implications across verticals. The use cases range from optimizing...

Must read

- Advertisement -

Read Next
Recommended to you