Anyone with even a basic understanding of how currencies work knows that a modern economy cannot be backed by a gold-backed currency.
It is literally impossible.
If you disagree please explain:
How do you introduce it?
How do you deal with added value? Mine more gold? Conjure more gold up out of this air? No advocate of a gold backed currncy has ever been able to explain this point.
It's called deflation. It's what fuels bitcoin. Do I need to explain that to you? Or would you care to explain to me how fractional money loans out assets they are not holding, only to get paid back by the working class, who actually generate assets, for doing nothing? The whole fractional banking system is literally based on fraud, and you're posting about your fear of increasing the value of gold based on scarcity. You literally don't even know what money is do you?
"Anyone with even a basic understanding of how currencies work knows that a modern economy cannot be backed by a gold-backed currency."
Yes, I understand how the fractional banking system works. It works through brute force, as they will fucking murder you for apposing their naked fraud, and systematic theft.
Deflation is simply an increase of value based on scarcity. I think it exists, and could use with a few extra decimal places tacked onto it's value for flexibility.
"I pretend to know but I will not explain it"."
Putting words in other peoples mouths now? I explained it to you, you are just to wrapped up in fraudulent systems to understand actual values. Gold is money. The fractional banking system is usury and debt. All fractional money in the system is in fact debt being put up under the false pretense of being of positive value.
Nobody who understands actual currencies use fiat as money or as a store of wealth. It is only ever used as a pyramid scheme, hidden by an abstraction layer, that is the governments loans, to siphon off wealth from the working class.
Do you next need me to explain to you why pennies used to be made of copper, or why Quarters are no longer made out of silver?
Anyone with even a basic understanding of how currencies work knows that a modern economy cannot be backed by a gold-backed currency.
It is literally impossible.
If you disagree please explain:
It's called deflation. It's what fuels bitcoin. Do I need to explain that to you? Or would you care to explain to me how fractional money loans out assets they are not holding, only to get paid back by the working class, who actually generate assets, for doing nothing? The whole fractional banking system is literally based on fraud, and you're posting about your fear of increasing the value of gold based on scarcity. You literally don't even know what money is do you?
Yes, I understand how the fractional banking system works. It works through brute force, as they will fucking murder you for apposing their naked fraud, and systematic theft.
🤡💰
That's a lot of words just to say "I pretend to know but I will not explain it".
You think that deflation is a good thing?
Deflation is simply an increase of value based on scarcity. I think it exists, and could use with a few extra decimal places tacked onto it's value for flexibility.
Putting words in other peoples mouths now? I explained it to you, you are just to wrapped up in fraudulent systems to understand actual values. Gold is money. The fractional banking system is usury and debt. All fractional money in the system is in fact debt being put up under the false pretense of being of positive value.
Nobody who understands actual currencies use fiat as money or as a store of wealth. It is only ever used as a pyramid scheme, hidden by an abstraction layer, that is the governments loans, to siphon off wealth from the working class.
Do you next need me to explain to you why pennies used to be made of copper, or why Quarters are no longer made out of silver?
You did not explain fucking anything.
Was your answer to 2 "just deflate the value of gold"? Is that it?