I ask myself that question all the time...
Questions are very rare for some reason...
I have to assume that very few people read what I write...
All the Fiat Currencies of the World are heading to Zero, and no one knows how to Fix the Problem...
I would like to know if anything I have ever written here on Steemit, made even a little difference in how you look at our existing Monetary System...
I'm sure you've heard many Financial Guru's say that we need to return to a Silver and Gold backed Monetary System...
Not a single one of them have said we need to move to a Silver and Gold "Coin" backed Monetary System...???
There's a big difference between a Silver and Gold backed and a Silver and Gold "Coin" backed Monetary System...
Does anyone know which one stands a better chance at being "Stable"...
Let me know what you think...
Brought to you by @pocket-change...
September 21, 2022... 11.7 Hollywood Time...
posted from steemegg
Hello I usually read some of the posts, heres my take...
One... Imo i dont mind the monetary system... Why is silver and gold worth anything? The currencies of each nation are backed the goods and services generated -> inside that nation...
One other thing about these posts which is why they dont get much feedback.. When an entire post is written in a very misleading way its not going to get any type of disgussion.
If i make a post that says. Would you work for 1 minuite for 10,000 dollars, or something else like that, then noone is going to see it as having any meaningful info, (even if it does.) Another thing about it is there is not many stats to go along with any of the claims that are made. and lastly they are all VERY one sided.
all these points are not to put you down as im obviously here reading this post and writing a comment when I dont need to be doing that, but the point im trying to say is. People dont like to be told things... they like to draw their own conclutions. So The people that already agree with you arent going to ask many questions... And the people who disagree with you are not going to want to read or ask questions, because they are not the types of posts that need questions asked.
My question is this... if a monetary system is backed ... whats the point of even backing it ... why not just use gold... and while where at it .. why even use gold, What if the biggest seller in the world just decided he doesnt care about gold... and no longer accepts GOLD backed currency... NOW that entire country just decinegrated overnight.
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Most people agree that Silver and Gold have Value... Exactly how much Value is for us to decide... When it comes to a Stable Monetary System, we will need Fixed (Face Value) Numbers on our Silver and Gold Coins... It's not that we will be using our Silver and Gold Coins, because they will be Loaded with Spending Power... Too much Spending Power for Day to Day needs... Anyway... A Corrected $100 Gold Coin will have the "Spending Power" of 10,000 of today's Fiat USD's... I doubt that anyone will be carrying around a pocket full of $100 Gold Coins... Most people wouldn't be able to "make change" for a $100 Gold Coin... Our Silver and Gold Coins will give us a Stable Monetary System, in addition to removing the need for a Federal Income Tax... You may want to read more of my posts...
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my point is your saying that the us dollar needs to be worth gold... but the only difference is... you cant cary 200 lb worth of gold with you anytime you want to do something... The gold system worked before the information age... you cant have any internet technology with a gold currency... how can you even pay for your internet or phone bill? will you ship your gold in the local mail each week? or what about the fact that every human will now live with a huge pile of money in their home waiting to be stolen? Gold is a good idea. however money is already worth what we value it at... if someone is willing to pay for something when the price goes up.. and people still buy it... thats how money is valued... if every business stops getting customers... they have 2 options.. lower prices or go out of business...
if every company in the world lowered their prices. would the power of the us dollar go up? yes. Additionally... If everyones willing to work in SHIT wages... just because theyre too nervous about making a change.. then thats what companys will keep paying them.
backing it in physical gold doesnt change the fact that people can only spend what they have. and they only have what they dont spend.
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Most people will not have or use our Silver and Gold Coins... A One Ounce, $100 Gold Coin will have the "Spending Power" of 10,000 of today's Fiat USD's... Our Electronic Coinage will be what most people will be using with their Checks, Debit Cards, Credit Cards, Computers and Smart Phones... We will have Common Coinage, Paper Coinage and Electronic Coinage, which will be 100% backed by our Silver and Gold Coinage... Not backed by Silver and Gold, but backed by Silver and Gold "Coins"... Prices will continue to Fluctuate due to Supply and Demand, but our Coinage will be Stable... No more inflation and no more Federal Income Tax...
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Less than 1% of people in my country is waking up! There will be a lot of sufferings and deaths! But I still try to talk to strangers on my train journey and share with them my information. My dear friend just died after her second jab, another one has become deaf in one ear.
Financial collapse and nuclear war in the near future.
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One of my Friends who moved away, got just one jab and it killed half his brain... Our Enemies would prefer that we were all dead...
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I think the world will not collapse, but it will be years in which the monetary system will suffer a little
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I actually think it will be a very Smooth Transition from one System into our Corrected System, backed by Silver and Gold "Coins"... Think of it as the Death of the Old Monetary System and the Birth of our New Monetary System... This will keep us safe from a Total Collapse... I can only guess how long the Redemption Period will last...
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