Bitcoin is a Reflection of Panic - Danielle DiMartino Booth

usawatchdog.com  ( Original )
NOV 22, 2017

Please Join Greg Hunter as he goes One-on-One with Danielle DiMartino Booth, the author of the popular book “Fed Up.”

Bitcoin’s rapid rise in value is sending a warning signal, according to former Fed insider Danielle DiMartino Booth.  She says, “To me, Bitcoin is a reflection of panic.  It’s a reflection of people trying to get money into a safe place knowing the major governments of the developed world have got their printing presses running 24/7.  It is a reflection of anxiety in fiat currencies and the fact it’s not practical to go back to a gold standard.  

What scares me about Bitcoin is the central bankers are studying it to figure out how the blockchain works. . . .They are going to be controlling our spending with blockchain technology that is being perfected in the cryptocurrency universe. . . . I am not a gold bug, but we do know that in times of corrections that there is no place to hide in traditional asset classes that you can get at your Merrill Lynch brokerage.  Gold and silver in the precious metals complex are the only places to hide and get true diversification and safety.”