Why go back to the past? Gold and silver were not perfect, they caused A LOT of problems. A two-metal system may be inherently unstable. Mining them is increasingly expensive and destructive to the environment as the amount in the earth dwindles.
Why not go forward to something better then metals or fiat currency? Bitcoin is flawed for lots of reasons, but something better could be devised.
Unfortunately, I suspect that the people who say it is already too late may be right. Too late for gold, too late for something better, too late for the amount of austerity that would be necessary to get back on a real, solid footing. Get ready for the ride to the bottom, and just hope it's slow.
Take for instance someone who wants to sell an antique car and asks to be paid in $50 gold coins rather than Fed Notes. If the car is worth $200,000 fed notes he can ask for $5,000 in gold and the fact is, the $5,000 in gold is LAWFUL MONEY marked $50 on its face by the US Mint thus making his sale only $5,000 instead of $200,000. The IRS can't do SQUAT! If anything he can claim a $195,000 LOSS on the sale. PLEASE read those three posts and let me know what you think after doing so.
Bit coin is a bad joke. I could write and might write my reasons for saying so.
And when you say "Something better?" Like maybe moon rocks? As for your concern for being expensive and destructive to the environment? Explain how. No one will mine it unless there is a solid profit margin. So the "expensive" part of your statement has been refuted. When it comes to the place that it is mined it can be reclaimed and turned back to nature as they are doing in many places now with all kinds of mining.
FIAT "currency" is a curse to humanity. No matter what kind of FIAT it is. CBDC would be a total tyrannical system. That can't even work if the power is off.
And according to the US Constitution the "states" are supposed to be on the Federal governments ASS to make sure gold and silver are available to be able to follow the "no state shall make any THING but gold and silver coin a tender in payment of debt.
Courageous Lion, it's not too late, unless the nukes fly, for us to do something.
I don't think it is too late. But it is awfully close. We need to start to organize on the local level.
Why go back to the past? Gold and silver were not perfect, they caused A LOT of problems. A two-metal system may be inherently unstable. Mining them is increasingly expensive and destructive to the environment as the amount in the earth dwindles.
Why not go forward to something better then metals or fiat currency? Bitcoin is flawed for lots of reasons, but something better could be devised.
Unfortunately, I suspect that the people who say it is already too late may be right. Too late for gold, too late for something better, too late for the amount of austerity that would be necessary to get back on a real, solid footing. Get ready for the ride to the bottom, and just hope it's slow.
Hello, RIghtful Freedom...WHATEVER is used for "money" needs to be DURABLE, DIVISIBLE and a STORE OF VALUE. Please read: https://courageouslionjusmeumtuebor.substack.com/p/blood-running-in-the-streets-mobs and https://courageouslionjusmeumtuebor.substack.com/p/legal-tender-vs-lawful-money as well as https://courageouslionjusmeumtuebor.substack.com/p/thank-you-federal-reserve You will come away with a different view if you see the evidence that backs up my belief. And gold and silver are not the past. People are using it to barter this very moment.
Take for instance someone who wants to sell an antique car and asks to be paid in $50 gold coins rather than Fed Notes. If the car is worth $200,000 fed notes he can ask for $5,000 in gold and the fact is, the $5,000 in gold is LAWFUL MONEY marked $50 on its face by the US Mint thus making his sale only $5,000 instead of $200,000. The IRS can't do SQUAT! If anything he can claim a $195,000 LOSS on the sale. PLEASE read those three posts and let me know what you think after doing so.
Bit coin is a bad joke. I could write and might write my reasons for saying so.
And when you say "Something better?" Like maybe moon rocks? As for your concern for being expensive and destructive to the environment? Explain how. No one will mine it unless there is a solid profit margin. So the "expensive" part of your statement has been refuted. When it comes to the place that it is mined it can be reclaimed and turned back to nature as they are doing in many places now with all kinds of mining.
FIAT "currency" is a curse to humanity. No matter what kind of FIAT it is. CBDC would be a total tyrannical system. That can't even work if the power is off.
The states have to come up with gold and silver money, or notes based on gold and silver. There are some interesting ones already out there.
Backing it is a problem. See my post "Blood Running in the Streets" https://courageouslionjusmeumtuebor.substack.com/p/blood-running-in-the-streets-mobs
And according to the US Constitution the "states" are supposed to be on the Federal governments ASS to make sure gold and silver are available to be able to follow the "no state shall make any THING but gold and silver coin a tender in payment of debt.
I watch Bix Weir's updates on youtube. He's talks about bankster suppression of silver, and other stuff. I'll read this article. thanks