SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Booms, Busts, and Recoveries
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: maceng2 who wrote (24438)10/22/2002 2:41:17 PM
From: Maurice Winn  Read Replies (1) of 74559
 
PB, people do have a choice. They can invent and use the Q cybercurrency, backed by QUALCOMM shares. Their store of value can be any of the assets which exist [houses, land, patents, oil fields, iron mines, shares etc]. Their trading can be valued in Q or some other currency measurement such as a mutual fund [the QQQ perhaps] to spread the foundations of the currency further.

Fiat money is as real as music, love and other abstract things on which we base our lives. Governments are notoriously inept at managing our lives, so I'm all in favour of another currency. I don't see why the world is likely to accept a perpetual tax by Uncle Al KBE and King George II.

Every time Uncle Al KBE pixelates another bushel of dollars, it's a tax on all those holding dollars around the world. They don't see it, they don't feel it and the value of their dollars doesn't change, but the tax is real nonetheless.

But while it's the best currency in town, it's not surprising that people are putting their trust in it. People around the world trust the USA to stay on an even keel and for Uncle Al KBE and King George II and acolytes to not get greedy and ruin the currency. That's why they keep using it. Many many decades and now centuries have shown the USA to be more sensible and able to run such a big thing than any contender.

But the Q will win. It's under construction right now.

Mqurice
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News