>>28311

You need to review economics.

The federal government has stuffed its coffers with Federal reserve bonds. The value has been secured using a fiat currency as the collateral backing. We are… And are not… In debt. But here is what happens… The Federal reserve becomes defunct as a bank and its bonds become happy Rays of sunshine extracted from cucumbers. The world ceases denominating in Federal reserve bonds as markets route back to held assets and re-denominate in accepted currency standards.

Governments struggle to adjust as the bonds they rely on to secure their economic place are worthless. Taxation becomes difficult to enforce without secure policing and military authority and a loss of control over centralized banking.

This is why nations are in a bit of a gold and crypto rush. They will need something to back their currencies once the Ponzi schemes of central banking hit their certain mathematical end.

>>28375

It is a slide to get too deep into a crypto debate. Crypto algos will be a huge part of future economics. They are a digital asset in the way a finite resource of any kind is an asset. Why do we denominate in gold or silver as opposed to iron or wheat? Because of the properties of gold and silver, as well as the novelty of their existence. Iron is consumed industrially and is available in quantities that make it unwieldy to use for coins.

Crypto currency is a novelty that is not industrially consumed and can be traded as a fungible (well… Sort of… The tracing of Bitcoin means that certain wallets that have received bitcoins from criminals' wallets could be labeled as having tainted incomes - hence my preference for monero xmr ) unit of exchange that can't be easily printed (if you do not understand this about cryptos, you are not qualified to discuss them and need to go do some homework).

Physical assets will always hold value, the thing is that cryptos will likely form the universal denominator. We will list stock values in bitcoins or xmr, and prices in the store will likely be that or another crypto favored by our region. They are a vast improvement over central bank schemes that allow a small group of people to issue currency to favored parties ahead of inflationary effects.