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DanaThomas posted an update 8 years, 6 months ago
Frankly this “parallel currency” does not sound very convincing: it would provide no defence against a possible collapse of the euro and in the Orwellian-digital form would just be another tracking mechanism.
http://www.zerohedge.com/news/2017-10-15/italys-parallel-fiscal-currency-all-you-need-know
The Giza Forum (Legacy)
Closed Archive of The Old Forum
And as CAF continues to repeat (as she did in the Solari 3rd Qtr wrap-up w/JPF) bitcoin and other “fiscal digital currencies”… they are NOT currencies but more of a high risk asset that is just as inflatable as the paper fiat currencies we already have.
Yes. I wonder why Cliff is so High on bitcoin. He is aware of EMP, AI bots, etc.
Some kind of digital instrument is essential for trade in today’s world, since low-cost teleporting of coins etc. is not yet available. The fact that the oligarchs are pushing their own version of digital debt-based “money” does not mean that there cannot or should not be various types of currency in use, preferably not debt-based and including digital ones. I would be glad to pay for my website subscription by sending Bristol Pounds etc. in an envelope (mail is relatively cheap) but since that local currency is not used in the US there would be a high premium to change it to suit the local market. On the other hand, I could also send silver coins to pay, but this would involve an expense of say twenty-five dollars to send an insured package: for a 200 dollar transaction that would mean a surcharge of 12.5%; who would have to pay this “tax”, buyer, seller or both? With cryptocurrencies – admittedly still in a sort of Wild West phase – the transfer expenses are virtually zero.
I don’t really understand how cryptocurrencies work but my notion of a future currency system might be based on observational-windows: predict where packets of high value information might appear in the medium (strange particles or temporal alignments) then someone can monetize them. Perhaps CERN is already doing this by establishing a market in “quantum derivatives” ?