RE: THE JUNGLE BOOK- by an anonymous friend.
No. I mean we already have many means of exchange right now with all these diffrent forms of crypto. I just mean that if we have a crypto that is backed by either gold, silver, oil etc it would still be a centralized organization or government controling what it is backed by.
How would we know if what it is being backed by is actually there? Just like Fort Knox, we know that probably there is no gold left there. Just like the stock market we know that you dont actually own the share that you think you do as 300,000,000 trades are not even completed every single trading day.
We could be in a situation where the thing backing the crypto currency either is being illegally sold or maybe they find huge deposits which would de value the currency itself causing another kind of inflation again.
Bitcoin already is just backed by its self in a way. It has a fixed supply and at present appears to be freely traded without derivatives getting in the way. Yes the market can be manipulated by people selling huge quantities but if they want to continue to manipulate they would again have to buy back into the market ultimately causing the price to rise and therefore there is not much gain from what they are doing.
All it needs is people to say I don't want to get paid in USD anymore, just a few stores or some taxi drivers and then people realize that bitcoin is a means of exchange.
I'd like my physical silver to be a mean of exchange, but, as you intimate, silver is a participant within the fiat/derivative system as well.
I just want a fiat that is priced by a fair-value physical asset like silver or gold.
Exactly, I think we all do. The changes that we need in society are just so great its hard to even comprehend. As with all governments they will try to cover everything up and make out that it is the peoples fault.
Realistically if we are going to move forward as humanity there are certain things that will just have to vanish.
The stock market and shares
Pensions
Current debt based fiat monetary systems.
Do you think the world could handle all three of these going on the same day? Im not so sure...
No. Chaos leading to anarchy leading to destruction leading to death leading to ... new life.
Jeez, and to think we might see this in our lifetime. Scary but exiting at the same time, I'm glad I have a slight awareness of what's going on. Got plenty of food in storage, could be the best ROI ever!!!
Yes, food and a water source. I'm building a garden/greenhouse this summer.
Have you looked at the Chicago Plan, the Need Act, and watched the Secret of Oz or the Moneymasters? I agree the current system needs to go, and I think it is in it's death throes. I think that hard money has a place in a fiat system, but need to find a model for that outside the possible future inclusion in the SDR. I agree with Bill Still that there are weaknesses in a hard money only system, but also agree with the guy from Comex that
Kyle Bass quoted as "price cures everything".
why would pensions need to die? what would become of the old? why the stock market? I am 100% in agreement on debt based private fiat. Our Constitution had us on a hard money only system.