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‘Fiat is a fraud’: Ricardo Salinas says bitcoin and gold are the only way out
Salinas, chairman of Grupo Salinas and one of Latin America’s wealthiest Bitcoin holders, warned that current government monetary policies - particularly in the U.S. and Mexico - are pushing global economies toward financial repression and stealth confiscation through inflation. “In the United States, they have a spending problem,” he said. “They spend money they don’t have, and then they print the difference. It’s going to end badly - not only for Americans, but for everyone who holds dollars.” His comments come as markets digest a dramatic escalation in Middle East tensions. Gold is trading near ... (full story)