No, its not me who is not getting it. I suppose you could pull all your money out of the banks and store it at home, and then pretend you are safe from the government who wants to take it.
So what part don't I get? The fact that you can withdraw cash from ATMs with the current system, which you will not be able to with digital currency. That you cannot keep any of the digital currency aside for that 'rainy day' (this is one of your failings to understand when I stated, "putting cash under the mattress".) The fact that if you make purchases using your credit/debit card, you will be tracked, just as you would with digital currency. Can you physically withdraw your digital dollars? No. When you use actual physical folding money, how do you get tracked for small purchases? You can't not by following the money. It was demonstrated by the Trudeau government against the freedom truckers convoy, that they can freeze your account using the current system, so they will with the new digital one. “Cash free” central bank digital currency roll out coming in December? Executive Order 14067—Ensuring Responsible Development of Digital Assets So are you an advocate for slavery?
Again, you can keep your savings in a mattress, but if the nation goes digital, you are stuck with worthless paper. How is that going to help you in a rainy day? As for your link to Natural News...... Overall, we rate Natural News a Questionable source based on the promotion of quackery-level pseudoscience and conspiracy theories, as well as extreme right-wing bias. This is one of the most discredited sources on the internet.
Saving under a mattress is a 'saying', one that you're not familiar with. I use it because it is a reference to saving some money that is at home and not locked in a financial institution. Another fact you seem to have no understanding about is that digital currency, as the current fiat currency is backed by nothing, you cannot exchange your dollars or digital currency for gold or silver as the dollar was prior to 1971. Because the paper money was in fact a receipt for your valuables/precious metals stored in the bank vaults back in the day. Now, for the sake of the article that links to Biden's executive order 14067, clearly indicates your lack of knowledge and understanding of the topic is now exposed. Did you fact-check the executive order? When sites are labelled "questionable & quackery" by those who only buy the narrative told by MSM, then that's a good thing. As it challenges the narratives of the latter, which means the questionable and quackery are more correct and accurate as it doesn't follow a script and exposes what is really going on, unlike MSM. But you can't and won't accept that, wouldn't want your leftist bubble to burst, hey?
Who will accept your worthless paper for payment for anything if the nation indeed went 100% electronic? Yes. What do you think it is? Clearly it does not say what your conspiracy sourced say it does.
The same people who will accept worthless digital 1s & 0s. Now, why do you suppose the article included the executive order? I gave you a quote from the NN site, here it is again to help educate you. That's because you read it at face value and do not interpret the language used. Clear enough for you? But one of the funniest is the following, something that these creatures indulge in. Better watch out Biden family and all your ill-gotten trades, as you and your kind will shoot yourselves in the foot.
I don't think paper currency is any better or worse than digital currency. Currency only works on good faith.
That was mostly a joke We've also gone into why gold has been volatile, which doesn't really have anything to do with it's inherent value per se.
People accept worthless paper all the time or worthless bits of data. Money regardless of it's manifestation isn't valuable it's a tool that represents value. If I don't accept your digital currency but I have something you want then it's worthless for getting that.
The history of paper money is that the value of the banknote was the value amount of the receipt of the goods you had in the bank's coffers, the goods being items of intrinsic value be it gold and silver etc. But that being said, how does the current fiat currency work without anything backing it? It's worthless. "Digital", implies electrical power. How does digital currency work if there isn't enough power to support any infrastructure and power society when it is being demonstrated that going 'green' is so far a farce as the current systems for producing electricity are being destroyed and dismantled, yet nothing is replacing them? So how does a digital currency work if we're thrown into a metaphorical dark age? How does digital currency work if it has no value?
Nixon got rid of the gold standard for the US in '71. As it's the world's reserve currency, everyone else had to follow suit. The US adopted the petrodollar, not the same as the gold standard as you can only hold so much of your own oil. What happened next was the US began investing in its hegemony and controlling countries that had the black gold required. This is where the MIC became involved to assist in the design, development and deployment of weapons of war to cater for the USSD's lust for oil. Who needs gold when you have oil, war & debt to fill the coffers and body bags?
I remember talking to some veterans about something I would have never thought about. One of the reasons for the conflict in the Middle East was because some of the countries in the Middle East work wanting to sell oil for gold. That would have destroyed our government-controlled currency.
Yep, that's what I found out. As all the so-called MSM narratives were just bs. You can see how the US & UK began to crap their pants when BRICS was formed. All central banks began buying up gold, big time.
Actually had a president back in WWII ban ownership of gold. Just to further buttress the currency. So if you buy gold either have to bury it in your yard or hide it somehow so they don't come looking for it but they probably know who buys gold and when, how much you have and do forth. I think part of the reason why they're going nuts about crypto is because they can't control that currency.
Interesting. The elite who create it, control who and when gets it and if you misbehave, you can lose it.
With these companies getting brought down by the SEC I'm not sure. They want to control it and I think it's going to become illegal to own it. Or they're going to make it some sort of portfolio investment thing so they don't really ever sell except for when people retire or when they die it just disappears.
Is digital worthless today? No, it is not, but the topic here is when paper is done away with at which point it will indeed be worthless. Again, what do you think the EO says? It says nothing about US switching to 100% electronic. Its about regulating Bitcoin. My kind sticks with facts, while your kind takes conspiracies for fact. What is your beloved paper dollar backed by? Answer: The same as your purchase using a debit card.
Not only for gold, but other currencies like Euro, and you don't have to be a veteran to know about it, and it was not "one of the reasons", but probably the main reason. Iraq made an announcement to start trading in Euro and soon after US tanks invaded, and one of the very first things they did was to head out to Iraqi ministry of energy and fix the issue. If Iraq had been allowed to switch from USD, others probably would have followed. Iran does trade in other currencies, but that's another story. However, that has nothing to do with digital currency. There seems to be confusion between the terms digital currency and cryptocurrency. Digital currency has been around LONG time.
I it backed by anything? No, so it's worthless. Just as the current fiat currency, it only has value because we give it value. Your kind, sticking to facts? Regulations to Bitcoin, how deluded is that? What's really funny is that you claim that the EO is about regulating Bitcoin, not once is it mentioned in the EO. Your kind, sticking to facts? Would that be 'made-up ones'? Australia’s Central Bank Launches Digital Currency Project Interesting to see that China is mentioned above. Don't they have it good there? "100 countries are already considering rolling out their own CBDCs". It appears that quite a lot of countries will issue 1s & 0s to their citizens. As the entities that create them, control them. So tell me, can you put digital currency in your wallet? How will you control your funds? You won't.
And you are giving value to paper dollar even after it has been done away with. Unfortunately you will be the only one thinking it still has value. Cryptos, not just Bitcoin.
lol!!! Ah, ok. Hey guy, I'm familiar w/ market prices and all that but "inherent value" is kind of a mystery to me. Like, are you taking about something like it's "worth before God" or something like that?
It is tangible, is crypto? Also, paper money was at one point a receipt for the valuables (gold and silver etc) you kept in bank vaults. WTF is crypto, just 1s & 0s that are backed by what, nothing? Oh, so now the backflip, it's all cryptos now? Funny how the EO doesn't express this either. "Your kind of people", making up facts, again. It will be CBDCs (Central Bank Digital Currencies), not the current digital currencies such as Bitcoin that will be used. Central Bank Digital Currencies Are Doomed To Fail - And Here's Why
It is bigger than that. Eventually, they will have the ability to direct your spending. They won’t be able to resist. Like “should we monitor the types of good welfare people buy?” Cash in its anonymous form has a symbolic power all of its own. As soon as Biden is out of there, we can get back putting money into working stiff’s pockets.
