Every day, hardworking citizens are seeing the value and purchasing power of their fiat money fall as Central banks around the world continue to increase the rate of their interventions, money printing and stimulus packages in a bid to contain the effects of the global shut down and the raging COVID-19 pandemic.
For the U.S dollars (the current world reserve currency), things are only getting worse as the U.S. Federal Reserve as crossed all lines of restraints and entered into uncharted waters, printing huge amounts of money out of thin air in a manner never seen before.
Currently, the Fed injects $1 million into the financial system every second and has also announced plans to increase that amount to infinity if need be. This is sending the value of the U.S dollars’ low and pushing other countries away from buying the U.S government Bonds and U.S treasury debt.
How Is This New Money Being Spent?
This newly printed money is being used to experiment on all manners of monetary policies with the Feds directly buying all manner of private and public debt, pumping money into the stock market, and handing out free checks to whomever they please.
The Fed has also announced plans to increase this spending and start directly picking and investing in individual companies of its choosing.
The long term negative effects of these monetary policies are huge however, one of the main issues these policies have is that they were created to favor the super-rich and the big investors in cooperate organizations, widening the gap between the rich and the poor.
The long term effects of these monetary policies will also raise the cost of living, devalue the U.S dollars, and lead to an inflationary disaster that will end the fiat financial system as we know it.
How Can You Prepare for The Coming Crisis?
The simple answer to that is “invest in Bitcoin”, a currency that the Fed as no access to and cannot manipulate.
Bitcoin has been rising consistently since its inception in 2009, gaining over 6000% in value. This rise will only continue as Bitcoin becomes even more popular in this global pandemic and financial crisis. More people, businesses, and countries are beginning to accept and use the Bitcoin cryptocurrency to carry out their day to day transactions.
Not only that, we are also beginning to see a high amount of cooperate investors coming into the Bitcoin market in a bid to diversify their portfolio and protect their wealth from the coming hyperinflation.
If this trend continues, then we might experience a radical switch from the fiat financial system to a more Bitcoin dominated system where Central Banks cannot just print money out of thin air whenever they wish.
To gain more information on how to partake in this Bitcoin Bull run and trade this cryptocurrency, you can read my How To Trade Bitcoin Guide. You can also check my top list of Best Bitcoin Exchanges To Trade With.