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RE: The Problem With Peter Schiff, and, How to Think for Yourself.
Because of my thoughts on Electronic Money, I figured Perter was right about Cryptos... I figure Electronic Money will be Stable, compared to Crypto's... I didn't agree on the Doom and Gloom he sees coming... What do you think of my Vision for Circulating Sound Money backed by U.S. Bullion Coinage...???
September 14, 2020... 16.4 Hollywood Time...
Quite frankly I don't understand these concepts of yours. Nobody wants government money after they demolished the dollar, no matter what form it takes. No one wants green cotton paper, digital dollar, fedcoin, electronic money, none of it. Whatever government "comes out with" will lose 99% of its value over 30 -40 years. Why would anyone fall for another hyperinflation after this one? Government does everything wrong, it is not capable of doing anything right. The worst enemy of Free Man is government. Government steals, destroys and kills. It is not interested in hard money anyway because it wants to steal through seigniorage, aka inflation. The whole point here is to exit all fiat.
We the people can use au, ag, cu, btc, bch and lbd. Central banks and governments can exit stage left.
I understand exactly how you feel... The Good News is that we have the Cure for the Fiat Monetary Pandemic... It's not necessary that you understand it completely but it's actually very simple... Our Circulating Sound Money will be Backed, 100% by our U.S. Bullion Coinage... We the People are Sitting Pretty...
September 14, 2020... 20.8 Hollywood Time...
Dude, we tried this before. It failed. Can you take this bill in and get metal for it? No? You mean government broke its promise? You don't say. Not only did they end metal backing to their notes and certificates, they then proceeded to confiscate private gold! We also have never had a thorough independent 3rd party audit of US gov gold holdings. I mean, why would you trust them now? U.S. bullion coinage? Silver is silver no matter what mint it comes from, who stamps it and what is stamped on it. Like I said, I don't understand these concepts of yours.
We're on the same side... Mistakes were made... Our Politicians fell Prey to Power and Greed... We were sold out many times...
Good News... We're about to Correct all the Past Mistakes... We're going back to Sound Money... Twenty Dollars in Sound Money will have the "Spending Power" of 2,000 of our Current Fiat Dollars...
An Executive Order was used to remove our Gold Coinage from Circulation... Don't you think an Executive Order can also be used, to remove Fiat Dollars from Circulation...???
We the People are now in Control... Sound Money does not belong to the Government, it belongs to US... Circulating Sound Money will be in Perfect Balance with our U.S. Bullion Coinage... One will get you any Combination of the Other...
September 15, 2020... 15.4 Hollywood Time...
No sane person would ever give their precious metals to a government or a government chartered central bank. They can keep their "Circulating Sound Money" and we'll keep our metals.
Wow...
No one will be forced to turn in their Precious Metals...
What happens when a person runs out of "Spending Money"...???
You'll be able to "turn in" your Fiat Money for Gold Coins...
The smallest of our Gold Coins will have the "Spending Power" of 500 of Today's Fiat Dollars...
It wouldn't be easy, making "Exact Change" without Circulating (Physical and Electronic) Sound Money, backed by "U.S. Bullion Coinage"......
September 16, 2020... 1.6 Hollywood Time...
"""Wow...""" I know, right?
"""No one will be forced to turn in their Precious Metals...""" I don't recall saying that, not sure why you bring it up. But it has happened before and they could try it again, of course only cowards would comply.
"""What happens when a person runs out of "Spending Money"...???""" If you have silver, gold and copper in your pocket you can buy anything you want and make exact change. Silver, gold and copper are money in every sense, including spending money.
"""You'll be able to "turn in" your Fiat Money for Gold Coins...""" I can do that now.
"""The smallest of our Gold Coins will have the "Spending Power" of 500 of Today's Fiat Dollars...""" Gold comes in the form of grams all the way up to kilos. Why limit yourself to "our Gold Coins"?
"""It wouldn't be easy, making "Exact Change" without Circulating (Physical and Electronic) Sound Money, backed by "U.S. Bullion Coinage"......""" This is false. It would be very easy having silver, gold and copper coins of many different sizes and purities.
There already exist gold and silver backed debit cards along with metal backed cryptos. No government required, no government needed, no government wanted.
No sane person would ever give their precious metals to a government or a government chartered central bank. They can keep their "Circulating Sound Money" and we'll keep our metals.
WE THE PEOPLE, OWN THE ISSUING RIGHTS TO CIRCULATING SOUND MONEY...
September 17, 2020... 15.1 Hollywood Time...