2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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

GLD 414.48

+0.7%

Jan 9 4:00 PM EST

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To: Cogito Ergo Sum who wrote (170613)	4/17/2021 8:38:02 PM
From: sense	Read Replies (2) of 219180

Well BTC certainly not useful for everyday transactions... far too much overhead... but same for gold neh ? I think the argument is a canard. The efficiency of transactions is one thing... the value applied in backing a currency used in facilitating transactions is another... There is no reason that bitcoin or gold SHOULD be any less efficient in everyday use than "the dollar" or any other fiat... including all of the crypto variants of fiat. There is overhead inherent in enabling tranactions... and there is overhead inherent in creating, storing and accounting for and securing the gold and bitcoin... and the cost of tranactions.... is independent from the costs of the rest... If you choose to connect the two... the costs of the two will be additive... as will the values. So, users of money have choices to make about whether they want money that has real value, or not, or at least a legitmate reason to perceive there might be a value ? All that leaves is... a slightly lower cost potential in a totally valueless currency that has nothing at all providing a source of value other than "trust us"... If you were living in an era when "trust us" makes a lick of sense and is perhaps even reasonable...than that should probably be good enough. We are not living in such an age... Chris Powell: Covert Yield Curve Control Under Effect Assuming you watch it... note carefully HOW he unmasks the fiction that the nature of the global conflict being postured.... assumes there is more conflict than cooperation between banks of different nations in advancing a coordinated plan to "resolve things" ?

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