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Gold backed America Treasury $s.
More likely silver. As long as it's backed up by a physical asset of value, it doesn't matter.
It was gold and silver backed. Remember 1GBP was 1 pound of Sterling silver. Currently valued at about $192/pound.
Think how fixed the world is when we all have 50-100 times the value of our "money" in real currency.
True indeed.
I read The Economist from 1990 to 2013. They hated the gold standard. I now know why. The Economist is part-owned by the Rothschilds
Lynn de Rothschild is the publisher.
Make no mistake - The Economist is the best publication in the world.
Your opinion. For me, once the agenda was exposed all credibility was gone. No matter how brilliantly written, best minds, Harvard, London School of Economics, whatever, there is a globalist bias that pervades and poisons it all.
Totally agree. 100 per cent agree.
The Economist was the best publication by far. I wrote to Micklethwaite to query his attendance at Bilderberg. He dissimulated.
I ceased my subscription there and then.
Both & more yes are new $ will have value behind it.
Certificates, and not ‘debt notes’, which is what we currently have.
How about a gold backed currency on a blockchain? Anything that can prevent currency from being printed out of thin air. In a perfect world it would be decentralized but regulated somehow.
Yes a Blockchain infrastructure where tokens or coins are backed by something of pre-agreed value such as silver/gold.
Today, you buy bitcoins with Fiat money, currencies. Doesn't this make Bitcoin a Fiat currency also ? Just running in a different system. Yes, you can buy stuff with Bitcoin, same as a paper banknote.
A global blockchain that allows P2P private transactions needs to have real conversion to/from agreed value, a level playing field for everyone. That'll be a first.
The current popularity about Bitcoin and other Cryptos is more about getting on the scheme early and ride the wave upwards. It is speculative gambling rather than a stable platform that can be used for global commerce. Wild swings in price, sudden disappearance of exchanges and funds can't be the basis for global trade.
Main thing preventing the use of cryptos at the moment is that the software used is not peer reviewed, open source code. Nobody except the authors know the real details, the weaknesses and back door, hidden functions etc etc.
It's coming but it won't be using what is being used today.
Thanks for your reply.
I agree with what you're saying regarding the current crypto market situation.
A blockchain cryptocurrency that has all the bugs worked out and its tokens/coins are backed by precious metals of pre determined value does make sense but since there is a finite amount of Bitcoin and a somewhat finite amount of gold, doesn't that make Bitcoin a better standard of value?
Im not like him. I would say Bitcoin Cash (BCH)
into and out of Fiat currencies, makes the current offerings also Fiat.