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The $50 Billion Betrayal: Is Bitcoin Next?
The Elites are at it again...
Friends,
I want to take you back to a smoke-filled room in London, May 1999.
The man at the head of the table is Gordon Brown, the United Kingdom’s Chancellor of the Exchequer. He’s about to make a decision that will go down as one of the single greatest betrayals of public trust in financial history.
He announces to the world he’s selling 400 tons of the United Kingdom’s gold reserves.
But he doesn’t just sell it. He announces the sale in advance.
He conducts it via public auction. He effectively tells every shark, speculator, and hedge fund manager on the planet: “I’m dumping this metal, come and get it.”
The price of gold collapses to a 20-year low of $252 per ounce.
The mainstream media told you this was about “diversification.” They told you gold was a “barbarous relic.” They told you the UK needed to move into dollars and euros.
They were lying to you…
We now know the rumors that have swirled in the City of London for decades.
The rumors say Brown wasn’t diversifying. The scuttlebutt is he was bailing out the “Bullion Banks” – specifically the heavyweights on Wall Street like Goldman Sachs and JPMorgan Chase – who were rumored to be caught in a massive “carry trade” gone wrong.
Apparently, they were short gold. A lot of it. If the price had risen, they could have been insolvent.
Whether the rumors are true or not, what is true is that Gordon Brown destroyed over $50 billion of potential future value in UK taxpayer wealth. He created a historic bottom in gold – now known as “Brown’s Bottom.”
If you were a regular investor who got scared and sold your gold in 1999, you missed out on a 20x explosion in wealth over the next two decades as gold soared to a high of $4,350.
Friends, I am telling you this because a similar script is being run on you today.
Right now.
The Elites are at it again. But this time, the target isn’t gold. It’s the only asset that threatens their monopoly on money: bitcoin.
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