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All currencies are referenced to gold as the historical benchmark, or reference asset, throughout human history. Except, of course, for momentary lapses in collective human sanity when we allow ourselves to be boondoggled by bankers into thinking that a piece of paper – or series of electronic ones and zeros – could be worth more than gold or silver.

Apparently, this is the lesson we are unable to learn.

The bankers, century after century, are able to inculcate successive generations of academics to mount the podiums in universities the world over again and again to brainwash — or should I say, indoctrinate…or oops, that’s not right either: they prefer the term educate— the masses into accepting their fiat product in preference to gold.

And century after century, we experience the hyperinflationary collapse of fiat currencies.

What is happening now is exactly that historical inflection point, where the modern currency of the day is revealed to be a manipulated sham that is the device by which the elite maintain dominion over the masses. If that seems simplistic, the best explanations always are.

Bitcoin’s mysterious founder who operates under the pseudonym “Saitoshi Nakamoto” – published a mission statement at the outset of his bitcoin adventure back in 2008.

He wrote that bitcoin would be “a purely peer-to-peer version of electronic cash (that) would allow online payments to be sent directly from one party to another without going through a financial institution.”