Totally agree. And I think the dollar collapse is going to affect everyone though blue states bankruptcies challenges will be who they put themselves on the hook with for a recovery. We need a constitutional amendment forbidding any money system that isnt precious metals backed and U.S. treasury controlled. No more fiat, no more private banks lendings money with usury. Those dont cover it all but are a start. The fifth columnist need to be dealt with also.
We need a constitutional amendment forbidding any money system that is precious metals backed and U.S. treasury controlled.
isn't the idea that money is NOT precious metal backed nor treasury controlled the problem? which to me is why crypto is not really dependable as it is just another fiat currency. please prove me wrong. also remember the fed goes against the constitution in that there is not supposed to be a centralized, private bank issuing currency, only congress can authorize the treasury to coin currency. hence the precious metals backing, it was supposed to me coins made of those precious metals.
isn't the idea that money is NOT precious metal backed nor treasury controlled the problem? which to me is why crypto is not really dependable as it is just another fiat currency. please prove me wrong.
Looks like he just missed typing “not”.
Crypto also isn’t fiat. We don’t want a CBDC, though, correct.
A CBDC would be a crypto that is controlled exclusively by the government, so yes that would effectively be fiat, but far worse - every transaction would be tracked by the government and they could still print money. Such a system would probably be checkmate against us.
Bitcoin is not centrally owned or controlled. Crypto is not inherently centrally controlled.
Fundamentally, crypto is not a “coin”, but a distributed ledger. All transactions are fundamentally ledger entries, whether recorded or not. “We agree to this” “Each party provided X and Y”
If we, the people, select a crypto, it is not fiat, but what we selected. If the government tells us we are going to or should use crypto, it is “fiat”, but it would not necessarily be government controlled, that depends on what crypto is used.
What needs to happen is that the people need to select PMs, cryptos, and other assets, and wisely, to become our new economic mediums of exchange.
I haven’t read it yet, but have heard we should all read the book “Softwar”.
Totally agree. And I think the dollar collapse is going to affect everyone though blue states bankruptcies challenges will be who they put themselves on the hook with for a recovery. We need a constitutional amendment forbidding any money system that isnt precious metals backed and U.S. treasury controlled. No more fiat, no more private banks lendings money with usury. Those dont cover it all but are a start. The fifth columnist need to be dealt with also.
isn't the idea that money is NOT precious metal backed nor treasury controlled the problem? which to me is why crypto is not really dependable as it is just another fiat currency. please prove me wrong. also remember the fed goes against the constitution in that there is not supposed to be a centralized, private bank issuing currency, only congress can authorize the treasury to coin currency. hence the precious metals backing, it was supposed to me coins made of those precious metals.
Looks like he just missed typing “not”.
Crypto also isn’t fiat. We don’t want a CBDC, though, correct.
Go check out Rugpull Radio on Rumble.
is crypto issued by any government or is it backed by precious metals? if it is not, isn't that the definition of fiat currency?
We currently can buy gold and silver with crypto at some brokers.
“Fiat” means, “By Decree”.
A CBDC would be a crypto that is controlled exclusively by the government, so yes that would effectively be fiat, but far worse - every transaction would be tracked by the government and they could still print money. Such a system would probably be checkmate against us.
Bitcoin is not centrally owned or controlled. Crypto is not inherently centrally controlled.
Fundamentally, crypto is not a “coin”, but a distributed ledger. All transactions are fundamentally ledger entries, whether recorded or not. “We agree to this” “Each party provided X and Y”
If we, the people, select a crypto, it is not fiat, but what we selected. If the government tells us we are going to or should use crypto, it is “fiat”, but it would not necessarily be government controlled, that depends on what crypto is used.
What needs to happen is that the people need to select PMs, cryptos, and other assets, and wisely, to become our new economic mediums of exchange.
I haven’t read it yet, but have heard we should all read the book “Softwar”.
https://archive.org/details/lowery-jason-p.-major-softwar-a-novel-theory-on-power-projection-and-the-nationa
And here is u/MemeToDeath2021 explaining things better than me.
https://greatawakening.win/p/17txMS5XJ1/amazon-has-removed-the-ability-t/c/
And Rugpull Radio
https://greatawakening.win/p/16an5bgnv0/rugpull-radio-ep27-pip-and-gmone/c/
Fixed the is to isnt. Sorry for the typo.
Did you miss the “not”, that’s how I read it.