2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 375.93

-1.8%

Nov 14 4:00 PM EST

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SirWalterRalegh

To: TobagoJack who wrote (167201)	1/17/2021 4:39:56 AM
From: Haim R. Branisteanu	2 Recommendations Read Replies (2) of 217822

The issue of paper currency evolved for the simple reason that previous in gold silver or copper, currencies were "shaved' and the shaving collected and resold. Not to mention the Jewish ancient practice of cutting/shaving part of the coin to bring it to "present value" and expect to receive in return a full coin at the due date, the practice is also used today in a different way in Islam, due to the fact that charging interest from your fellow "believer" was and still is forbidden by Biblical laws. Charging interest from "non-fellow beliewers" is fully permited by the scriptures To eliminate this feature paper money was invented backed by deposits of precious metals within the Central Banks coffers (vaults) This open the possibility to basically print paper money based on any asset that a government owned and decided it is valuable, and so the debenture notes came into vogue, which are actively used today. The last stage was disassociation of gold reserve to the national currency and then running the presses at the decision of nominated or elected person which resulted in fiat money. By now the value of the currency which is illegal to print in contrast to mining crypto currency, is still the main medium of exchange supposedly overseen by a group of elected and nominated people. Which fact gives the paper money some kind of credibility mostly based on historic connection to real assets, and is mostly traded in encoded digital form, rarely physically in big amounts. Therefore, the paper currency reflects to great degree, the overall value of the economy of the country issuing the currency, and enable anyone possessing enough “paper money” to buy the assets of said economy. Crypto currency on the other hand is pure hot air backed by nothing and issued by solving math formulas. One can claim the value of crypto currency as to the amount of electricity consumed to solve the math formulas but this is a weak excuse for valuation. All in all IMHO crypto is just nothing more than a speculative medium, with an artificial price decided by a wide group of people not backed by anything. To be able to buy anything physical the crypto currency owner need to find a willing buyer that will convert its worthless crypto currency in paper money to enable him to buy real assets.

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