Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Mexican billionaire Ricardo Salinas renewed his warning against the global Fiat Money system and urged ordinary people to sell their homes, bought bitcoins (BTC) and gold and orthosis for what he calls the collapse of the currency fiat.
He talks about Robert Breedlove “What are the money?“Podcast, Salinas said that the property is not a struggle for deficiency and portability of bitcoins and claims that savings need hard money to protect their wealth.
He said:
“My solution is that you have a house. If you think it’s your investment, sell a house and buy bitcoins. Because you can always make more homes. Bitcoin, you can’t do.”
While he acknowledged that the ownership of the house had a sense of life, Salinas said he would fail as an investment compared to the deflationary properties of bitcoins and boundaries without borders. He encouraged homeowners to consider long -term mortgages to release capital for bitcoins instead.
Salinas, chairman of Grupo Salinas and one of the richest Bitcoin holders in Latin America, framed Fiat the currency as a mechanism for governments to steal citizens of inflation. He also criticized central banking as an illusion that allows states to expand to indefinitely.
According to him:
“This Fiat, a direct consequence of the Keynesian economy, must be killed, you know as an increase in a vampire with a silver bullet through the heart.”
His latest comments reflect his earlier notes of Kitco News in June, where he warned that current government monetary policy was pushing the global economy to financial repression and secrecy through inflation.
Salinas has built his public message around Fiat’s failure and the risks of inflation policy. He often quotes his experience in experiencing Mexican hyperinflation at the age of 80. When Peso collapsed from 20 to 3 000 per dollar in just six years.
Kitco said last month:
“Fiat money is a fraud … it’s a scam. It’s a false money. And it ends.”
In both interviews Salinas claimed that governments would pick up inflation and digital currencies to confiscate wealth and control citizens. He said Bitcoins and Gold are the only “hard money” of the escape routes that remained for the savings.
According to Salinas:
“The sooner we illustrate Bitcoins, the greater it is. This is the beginning of the new era – and the faster you wake up, the better you will be.”
Salinas, who controls Banco Azteca and TV Azteca, has become one of the loudest defense attorneys of Bitcoins in Latin America. His new book The Bitcoin Enlightenment, published this summer, is expanding to the belief that Bitcoin is not only a cash breakthrough, but a moral counterweight to the overlap of the state.
