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 : The coming US dollar crisis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: ggersh who wrote (69751)6/22/2023 7:35:21 PM
From: maceng21 Recommendation

Recommended By
ggersh

  Read Replies (1) of 71475
 
I hear you on crypto and paper money.

Criticism to ones favourite hobby horse should always be welcomed. We all suffer from non perfectness.

I think crypto could still function even if they turn off all the service providers btw. The requirement to communicate would create a financial pressure such that new communication centres would spring up all over the place. Regaining control of communications in that case could be problematical for those who turned them off in the first place.

The UK and the USA used to have real silver coins and gold coins to do business. I have some UK 1912 three penny pieces that are 95% silver. That value of silver was enough to buy two pints of beer and a loaf of bread back in the day. A shilling, 5.64 grams of silver, 12p in old money or 5p in the new UK decimal money was enough to keep you going all week at a stretch.

I see crypto and precious metals as a "one / two" knock out punch sequence to fiat currencies. What good is the £50 pound note worth then? -g-

Human Labour was a valued commodity in the days before machines. A Labourer could earn up to 5 shillings a day in London, and that gave you a lifestyle while you were still healthy. Energy for labour was provided by "porter beer".

The forgotten story of London’s porters – Zythophile
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News