SickDollar

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“If voting made any difference, they wouldn’t let us do it.” -Mark Twain
Stalin: “It does not matter who votes, it matters only who counts”.

Cryptos are not a mortal threat to fiat currencies. They are symbiotic. Crypto enthusiasts talk about how much they've made in fiat. Cryptos are proxies for fiat, for which they can be exchanged. Cryptos are vehicles for moving fiat to circumvent capital controls.

But imagine if fiat went to zero. Gold and silver would be used in commerce. How much gold or silver do you think cryptos would buy in such a circumstance?

Question:Dad, why do I have to go to school?
Answer: So you can be molded into a state approved homogeneous drone that cannot think outside the prescribed consensus. You will learn to repeat information instead of thinking for yourself so that you do not become a threat to the status quo. When you graduate you will get a job and pay taxes in order to perpetuate the corporate system of indentured servitude for your political overlords.

Again, what is the "petrodollar". The idea was championed by Henry Kissinger in 1973 as a way to create ongoing demand for US dollars by maintaining the pricing of crude oil in dollars only. The effects of this were two-fold:

To create constant demand for dollars...dollars which were now completely unhinged from any gold backing...and this demand would soak up any excess supply of new currency being printed in the US for military and social purposes.
To force oil-exporting nations to keep their foreign currency reserves in dollars, thus creating an ongoing demand for US treasury bonds. This constant demand for bonds would help to keep interest rates...and thus the US debt service cost...unnaturally low.

As a result, any threat to this system, whether it has come from Iran, Iraq or Libya has been squashed either politically or militarily over the past 40+ years

We now live in a nation where doctors destroy health, lawyers destroy justice, universities destroy knowledge, governments destroy freedom, the press destroys information, religion destroys morals, and our banks destroy the economy.
The days of "MOAR" are numbered
Better to be prepared for a problem that doesn't happen than to be un-prepared for one that does.
It's a big club and you ain't in it BITCHEZ

“The world says: 'You have needs— satisfy them. You have as much right to it as the rich and the mighty. Do not hesitate to satisfy your needs; indeed, expand your needs and demand more.' This is the worldly doctrine of today.
And they believe that this is freedom. The result for the rich is isolation and suicide, and for the poor, envy and murder.”

Domesticated animals are intelligent but certainly not as smart as the wild variant.

“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”
~Ludwig Von Mises~

“Paper money eventually returns to its intrinsic value-zero”
-Voltaire

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Member for
3 years 21 weeks
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