ACF, if the Q sharemarket-backed cybercurrency can't compete with the free-floating unbacked $ and win, there's something badly wrong. As you say, the $ is the biggest monopoly scam on earth, created by government edict. What about competition? What about anti-trust? How come the $ gets to have such an anti-competitive monopoly position?
Well, the Q will put paid to that and the markets will decide which is the best currency.
<What I find most interesting about the Federal Reserve System is that, although Congress appoints the Chairman of the Federal Reserve Board, the Fed is not a government agency. It is a private (or quasi-private) consortium of banks that was created by the Federal Reserve Act of 1913, which transferred the authority to create money from Congress to the Federal Reserve System. What a deal, eh? There are those who will say that this is the biggest scam in the known universe and that the Fed, and therefore the US, is actually run by a shadowy cabal of (insert pejorative of choice here) private bankers, who reap astronomical profits from this monopoly. >
I suppose the Federal government does okay because they, [or the states], tax the creation of that money to the tune of 39% or so, so it's not straight bottom-line profit each time they print another US$100 and there are some running costs too [to avoid the currency getting out of kilter with the economy - all those statistics about the world's economy for example and lending management].
Mq |
