I have thought about the US coming up with the crypto $ and I think it would not be any different from the current $ backed by nothing. I would not invest in it.
I have thought about the US coming up with the crypto $ and I think it would not be any different from the current $ backed by nothing. I would not invest in it.
I didn't realize the other Cryptps were backed by something...
very interesting...
@pocketechange
My problem is not with the current Crypto currency. My concern is with the government. I have not seen a government that has not reduced the purchasing power of their currency and over the long term the value is zero. As for the crypto we will see what happens. It is to early to tell if and when changes are made. Crypto are backed by the users faith in the system. Change the system and this could change. Time will give us the answer but how much Time?
For one thing... The so called dollar we use in the United States "isn't" money owned by our Government... It all belongs to the Federal Reserve Banking System... Our Government borrows the Currency from the Federal Reserve so that we have a Medium of Exchange, but this Currency must be paid back, plus interest... It's not our money... It's Borrowed Money... And yes, its buying power is down next to Zero if not lower if that's at all possible... I'm thinking when the so called dollar fails, we may get a penny back for every paper or digital dollar we're holding at the time of Collapse... That's the reason I keep telling people to hold onto their Pocket Change... Pocket Change does not belong to the Federal Reserve System, and will increase in buying power when the so called dollar fails... Our Coinage will save us from a total melt-down and even pay off the National Debt... A New Dollar will be issued buy the U.S. Government, that will be interest and debt free, just like our coinage... That's how President Trump will make America Great Again... It's actually the only way he can make America great again... Trust me...
P.S... I just turned this comment into my latest post... lol...
@pocketechange
that is how Trump could make America great again,...
We need our own debt free currency again... Thanks for commenting...
@pocketechange
agree, that could make it a lot more fair & healthy, will not be easy,...