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Comment: need to dig a little deeper
need to dig a little deeper
how does one gain control of a large amount of gold and silver when it, and only it, is money? where would they keep it, in the basement? hoarded away not invested in some venture? not in a bank drawing interest while the bank lends it?
money held on oneself is merely money needed for living expenses and a cushion for unknown events. the rest is invested in some form or another and thus circulating. Oh sure, you control it but it is not in your basement.
And how does one flood the market with gold and silver? do they just throw it out the car window? or do they buy stuff that others created for sale?
When gold and silver are money then things are much different in how they are held and used.
Now look at bitcoin. How hard is it for the rulers to control the internet and thus the use of bitcoins? Or watchout for that powergrid app on Rockefellers smartphone. He may just cut you off.
How hard is bitcoin to use for people that don't know much about modern conveniences like toilets let alone computers?
And hasn't bitcoin been compromised already?
There isn't a perfect money but some are definitely better than others.
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Romney is a detour on the way to liberty, anyone else is a shorter path, win or lose.
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