It's bad enough that Fed Notes which are backed by absolutely nothing are utilized to steal our labor and that "they" want some back every year to top it off. Even after the total inflation caused by the "notes" (which aren't really notes) being put into circulations as digital or the bank as physical. Now we have NOTHING being touted as the silver stake to drive in the chest of the vampire Federal Reserve system and as an answer to the fiat currencies that are promoted by the international banksters everywhere. The main issue is that this whole crypto "currency" thing is hard to understand just for starters. And to top it off, it only works as long as the power is on. Powered by electrons and NOTHING else except the "faith" of those that use it?
Those idiots that founded the USA, (sarcasm here folks) put together a money system based on the money that had been used for thousands of years. It was basically a barter system and gold and silver were the items you bartered with. Gold and silver also fit the understood definition of money, to which Fed Notes and "crypto currency" do not.
Money is supposed to be durable, dividable and a store of value. Are Fed Notes divisible? Are they durable? Are they a STORE of value? Obviously not to anyone with an ounce of common sense. Well, apparently "cyrpto currency" does fit the divisible part, but are they durable? Are they REALLY a store of value? I do realize right now with the Emu mania, aka Pet Rock mania, aka Tulip bulb mania that many people are mortgaging their paid off homes to "buy" some, with of course Fed Notes so that they can increase in value so they can obtain more Fed Notes... My brain is about to explode.
Me? I'd prefer SOMETHING to be given to me for my labor which must be why I insist on keeping my Fed Note liquidity to a minimum. Especially when looking at inflation in the works. Watching the price of chicken go from .49 cents to .99 cents a pound for a whole one in about one years time. I'd have been better off buying whole chickens and putting them in a freezer then putting the Fed Notes in the bank. How does it make any sense to trade your LABOR which represents your LIFE for NOthing? Heck I remember when a box of .460 Weatherby Magnum ammo was $20 a box. Today they are $120. THAT'S FOR TWENTY ROUNDS OF AMMO FOLKS! And of course since I was 10 years old I've watch most everything go up in cost as the Fed Notes went down in value about 10 x. Well of course EXCEPT for minimum wage which is about 5 x difference. Yes, a car in 1964 was about $3500, today one is about $35,000. Gold was $35 an ounce and at 10x more would only be $350 an ounce but today it is around $1300-$1400. So which has gone down in value folks? The GOLD or the FED NOTES it takes to obtain an ounce? .25 cents in silver would have bought you a gallon of gasoline in 1964. Today if you trade that same .25 cents in for Fed Notes you can buy TWO gallons of gasoline. So which has lost value? The Fed Notes or the silver coin?
I am reminded of the book Tupper Saucey wrote years ago, "The Miracle on Main Street", where he quoted some letters written years ago during the colonial times. Someone help me...why would you want NOTHING for your labor, service or product? Rather then SOMETHING? I just don't get it, but hey, I've been called a dinosaur...
