World currencies are the target of the popular presenter’s catastrophic and pessimistic comments.
Using the analogy of a game of Hi/Lo poker, a variant of poker where the highest and lowest hands are the winners, the presenter, Max Keiser, explained that citizens will eventually lose the game when it comes to holding government-issued coins.
„Unless you’re a country that can make money by devaluing its currency, taking bribes from Wall Street, which packs all those currencies into negative interest rate bonds, then you only have one option,“ Keiser said during the October 15 episode of his show, „Keiser Report,“ adding:
„You can only try to win the game with the high hand: gold, silver and Bitcoin. You can’t win by playing the low hand unless you’re a sovereign state or a major investment bank, and that’s the game today.
At the end of a very crazy year, which included the printing of significant amounts of money by the United States, economic difficulties and concerns about a global pandemic, several commentators continue to push a story that gives priority to alternative financial assets over cash.
„The currency market, paper money supporters, sovereign currencies, all are trying to quote ‚fuel inflation‘, but we know that is false,“ Keizer explained. „They are trying to devalue their currency to boost exports at the expense of everyone else at the poker table, the geopolitical game. […] The question is: who will have the worst currency in the future?“
Only governments and banks can win with the low hand option, according to Keiser. However, small players have another route, winning the high hand by having gold, silver and Bitcoin (BTC). People often turn to this trio of assets to protect themselves against inflation, and as a refuge from other adverse economic conditions.