Great one. US economic history in a nutshell. Although about BTC buying - that's sarcasm, right?
randomguymannotme
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@citizen_x, Empires end. Credit is an empire. BTC is an electronically accessible, cryptographically held, blockchain verified, bearer asset. It is more definite than gold, bigger and more liquid than any bank, and more transferable than cash.
The ethereum bubble reminds me of the equity bubble in the 1920s. A new form of asset was discovered -- stored procedural protocols -- where ideas and payments can be securitized and monetized.
Best of luck.
Cincinnatuus
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Exponential Expansion of Society In a Finite World? So, you come close, but you don't actual come to the conclusion correlating the transition from sound money (PMs) to Fiat and Cryptos and the resulting blowing of debt fuel Financial Bubbles. Nice work regardless.
Sasquatch_Trader
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@Cincinnatuus, the end goals are detailed in UN Agenda 21. A crypto-based currency system with a new reserve currency (crypto USD?), currency for tracking per capita carbon usage (carboncoin.io?), regional currencies (10 regions) and numerous local crytpo currencies. A matriarchal economy that includes much bartering. Creation of localized manufacturing that leverages local resources, and an education system that molds to this training. The abolition of private property ownership and compounded wealth from interest, as well as inherited wealth.
Sasquatch_Trader
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@trade_dog_21, research the history of the Fondi as well as their ties to Gnosticism and Freemasonry, and their ongoing war with the Catholic Church. These are the world powerbrokers behind the BIS and Tavistock.
Cincinnatuus
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@trade_dog_21, Lol, that will never work... Hahahahhahahhaahhh, breathhhh.. Hahahhahhaahha. Stupid UN bureaucrats. Smells like Communism/Socialism and we all know how well that worked out for the USSR, MAO China, Venezuela, Brazil... By the way, in order to have a reserve currency, a country must first be a Free Society. That is why the Chinese or the Russians will never have the reserve currency. That is also why the Euro will never be the reserve currency. Chew on that one.....