Money for Nothing- The Ill-Conceived Notion That Bitcoin Will Shore UP the Failing US Dollar

. The US Treasury can purchase Bitcoin with either dollars or alleged gold held in Ft. Knox, West Point etc. The problem here is that no audit has been performed since the 1950's. Now I ask you this; if the government has lied to all of us, all of the time and about EVERYTHING, why would gold holdings be the ONLY thing they tell the truth about?

  Which leaves us with the Bitcoin being purchased in "dollars," either printed or created by credit. Either way it does not matter. Neither has any real value whatsoever. Paying for something real with "nothing" is a cool deal but here it is an even swap, nothing for nothing. The song should have been "currency for nothing," but that doesn't sound as cool..."

Money for Nothing- The Ill-Conceived Notion ThatBitcoin Will Shore UP the Failing US Dollar

Forbes reported this week that ‘Nation States Turn to Bitcoin as a Strategic Asset’ claiming that …’bitcoin is no longer just a niche investment but a geopolitical asset’…

Of course we know that President-elect Trump made headlines last summer when he attended the Bitcoin conference in Nashville, TN.:

…’In his keynote address at a bitcoinconference in Nashville, Tennessee, the Republican presidential nominee promised to make the United States the “crypto capital of the planet” and create a bitcoin “strategic reserve” using the currency that the government currently holds.’…(AP News)

President Trump is acting ‘as if’ Bitcoin is a commodity that can underpin the economy of a nation. And other nations are beginning to follow suit: