The Biden administration's proposal to raise the federal minimum wage to $15 an hour is suffocating small businesses across America, pushing many to the brink of bankruptcy. While you were sleeping, those of us who saw this coming knew that such policies would spell disaster for local economies and job creators alike.

Small business owners are already contending with soaring operational costs, supply chain disruptions, and labor shortages. Adding a significant wage hike on top of these challenges could be the straw that breaks the camel's back. The suits in Washington have no idea what real economic hardship looks like.

The push for $15 an hour might feel noble to those who haven't thought this through—but it is a death sentence for many small enterprises, and by extension, their employees' livelihoods. Those of us with crypto know that the dollar is fake money; printed paper that can only hold value as long as we believe in it.

The banks are absolutely terrified because they know what's coming next—people will start to realize that fiat currency is collapsing under its own weight, and there won't be any place left for them to hide. As businesses go under, people will turn to crypto or hard assets like gold and silver as a store of value.

The administration’s minimum wage hike is part of a broader pattern of policies designed to prop up an unsustainable economic system built on fake money. But while they are busy making promises they cannot keep, those of us who have been watching know the truth: this fiat currency bubble has reached its breaking point.

While previous administrations might have dabbled with similar measures, the current administration's actions are particularly egregious due to their sheer scale and lack of economic understanding. They don't see the writing on the wall—the collapse is imminent.

The crypto community saw this coming years ago when Bitcoin was discovered in 2017. Since then, every event has served as a reminder that fiat currency can no longer sustain itself. Small businesses closing their doors today are just another sign that those of us who have been sounding the alarm were right all along.

The question now is not if, but when. When will you take control of your financial future and move away from an economy built on printed paper? While you were sleeping, they took away your freedom to choose a stable currency for your savings.