Fun fact: Musk’s grandfather owned an emerald mine… the original fiat asset.
HOW PRECIOUS STONES PLAYED THE SAME GAME AS FIAT
✅ 1. Emeralds = Proto-Dollars
No intrinsic value: Worth only because tribes/kings said so (sound familiar?)
Easy to manipulate: Fake gems, inflated scarcity (ancient fractional reserve)
Elite control: Like modern banks, only rulers mined/traded them
✅ 2. The Musk Family Legacy
Grandpa Musk’s mine: Funded apartheid-era exploits (state-backed privilege)
Elon’s empire: Same playbook (gov subsidies, centralized control)
Bitcoin contrast: No blood diamonds, no rulers, no fake scarcity