admin wrote:
firehorse_44 wrote:
Absolutely ...
Though volatile, crypto currencies (most importantly BITCOIN) is the logical answer to the central banking fiat system.
We need a banking system that encourages faith in a free people and a truly free and uncontrolled market.
Banking based on the fiat central bank model is the reason we are teetering on economic collapse globally imo.
Bitcoin is a way to free up the control imo.
The logical next steps would be for governments to issue their own crypto-currencies, ban others and make cash harder to use.
That way they could track 100% of money moves and optimize taxation.
Julien
Good points.
Thank goodness the cat is already out of the bag on that score.
The glory of crypto is that it is unfettered and unable to be controlled without great effort for limited results.
Lawmakers could ban current crypto currencies and issue "fiat" crypto however who would "buy" in.
Imo the ripples to such a draconian move would spark unexpected consequences along with expected reactions as well.
Bottom line, one has to only observe the most successful banks in history. Dutch and Swiss most notably.
Banks that kept wealth in their Vaults, NOT loaning out 95% of it as fiat central banks have historically.
These banks have stood the test of time in peak and low economic times with no negative consequences for the investors and patrons because the "holdings" were secured within the institution.
Alexander Hamilton had alot to say regarding this subject to the demise of his name, him being a strong proponent of the central banking model. This central bank model leverages peoples freedom with debt !
Model Dutch and Swiss REAL banks encourage FREEDOM in my opinion.
Cheers to the membership !