For those who didn’t believe it was possible the karatgold coin has taken a giant leap. Karatbars International C.E.O. Harold Seitz, just recently announced that the company will soon open the world’s first crytocurrency bank. What distinguishes this coin from all the rest of the crytocurrency is that it will be back by gold. And gold never gets old!!! http://www.financefox.co.uk/cryptocurrency-bank-karatcoin-bank-to-open-in-june/
As a fully licensed bank in Miami, the “Katatcoin Bank” customers will be able to rely on the bank to serve their banking needs and accept the coin as payment like fiat currency (printed paper currency). Unlike printed currency, gold is a limited supply so there is no inflation. As governments print more and more money to pay their enormous debts , karatcoin becomes an inflation-protected instrument and increases in value. The coin becomes a stable means of exchange , savings, and investments.
At one time American currency was backed by hard assets (gold and silver). In 1971 President Richard Nixon ended the dollar convertibility to gold to prevent foreign governments runs on the US gold reserve and to bring down inflation.
For the inside scoop on the Federal Reserve I recommend you read The Creature from Jekyll Island by G. Edward Griffin, A second look at the Federal Reserve.
Millions , billions and trillions is what the politicians talk about. We can’t print money. If we tried we go to jail. Trickle down doesn’t work. The prices go up and the common man pays more and more. Wall Street gets bailed out but Main Street get stuck with the bills. And the dollar bill don’t buy much. Maybe now is the time you looked at the real money on line.