If cash was just worthless paper, why would anyone exchange gold, silver, or bitcoin for it?
If cash was just worthless paper, why would anyone exchange gold, silver, or bitcoin for it?
Zachary Kelly
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Charles Cox
Relative rarity, stability and widespread industrial uses due to many of it's properties like non-corrosiveness and high conductivity
Leo Turner
Sorry misread, retard out
Ryan Morgan
because gold and silver are also worthless
Christopher Diaz
Because they haven’t realised it’s true worth yet, omg what a pointless thread
Joseph Gomez
It's more convenient than carrying around 100oz of silver or paying crypto fees/ adjusting prices hourly to the wild price swings
Easton Jackson
same reason anyone would trade gold/silver for bitcoin
Lucas Jenkins
Government mandates that we are only allowed to use "legal tender" aka good goy coupons.
So you legally can't run a business selling in any other currency, or pay taxes in any other currency.
Robert Hernandez
>If cash was just worthless paper, why would anyone exchange gold, silver, or bitcoin for it?
because the promise was the note was worth the deposited silver
the pound in British Pound Sterling is a Roman measure of weight and Sterling is silver
Since the "pound" is no longer backed by silver since 1931 the value of the note has plummeted by 99.6%
Ryan Lee
Cash is worthless as in it's only backed by the word of the government, but you can't buy food or pay bills with bars of silver or crypto
Aaron Russell
Hmm I guess checked.
Something is only worth what someone values it at.
Nathan Young
because it WAS backed by gold
then Nixon took us off the gold standard and the goyim kept trading paper as if nothing happened
Mason Collins
Every civilization for the last 3000 years has given it value.
Austin Evans
People are dumb. At least thats what the entire kike philosophy is based off of.
Hunter Price
>we are only allowed to use "legal tender"
That isn't what legal tender means.
You can transact in anything you both agree to.
Jayden Johnson
>tfw the last time new currency had tangible value in north america was when Mcdonalds minted their Big Macs coins
Jackson Powell
Credit is a commodity.
Paper money is a commodity
Gold is a commodity.
All are transacted at their relative values at a point in time. The values of the individuals involved obviously must differ.
One values paper money more, the other values it less. If you want to understand why they might value it less, consider marginal utility. They may have lots of paper / credit money, or instead they may have lots of gold, silver or bitcoin.
Aiden Nguyen
McDonalds could start selling McCrypto tokens as inflation resistant food
Andrew Scott
After the fall of fiat would the only use of crypto be for online shopping (provided there is still an internet)?
Easton Perez
This video explains how bad we’re getting fucked: youtu.be
SILVER IS THE LYNCHPIN OF THE ENTIRE FINANCIAL SYSTEM
Many years ago, the money changers realized that national debt levels and the levels of money printing they were engaging in were unsustainable with any kind of reasonable bond yield levels the market could sustain. The interest on 1 trillion debt at 17 or 18% interest as occurred in the 1980s would be absolutely impossible to sustain at current debt levels of 28 trillion, but with 30 year bond yields at 2%, they can kick the can down the road for a few more years.
To keep bond yields low, the money changers also needed to trick the markets into thinking inflation is LOWER than the bond yields they require, as nobody would buy 2% yielding bonds if inflation was obviously 5%.
They learned that they could drag the entire commodities market lower by controlling the price of precious metals. The price of wheat for example was dragged into a brutal bear market for the last 10 years at the same time as the gold bear market.
They also learned that the silver market was much smaller than the gold market, no nations used it for monetary purposes, and very few had strategic stockpiles of the metal.
By suppressing and controlling the tiny 20 billion dollar silver market with 5 trillion dollars of notional derivatives trading, they could force gold’s price down, which is always tied in a ratio range with silver (historically around 1:15 or so). If you'll notice, when the gold and silver ratio are at the highest peaks, the price of the metals are near their lowest troughs.
By controlling silver, they could force gold to act in turn, which is used as an inflation signal for the broader commodities market which supported the continuation of artificially low bond yields and an impossibly high level of national debt.
As the silver suppression ponzi scheme unravels, bond yields will spike, taking down the financial system.
Landon Green
>gold and silver are also worthless
Oh?
But how long 'til you change your mind on that, Moshe?
Jackson Parker
This