Okay so here's the solution: asset backed micro banks. This was common prior to civil war in U.S. Tobacco banks, cotton banks, even whiskey banks. They issue certificates in exchange for deposits. Their value floats dependent upon local demand. Global arbitrage is only possible upon delivery of physical goods.
Here's an idea: no more using currencies. Start bartering as much as possible. PS- we were all correct: Bitcoin was a psyop
At least two things are crushing PMs:
Okay so here's the solution: asset backed micro banks. This was common prior to civil war in U.S. Tobacco banks, cotton banks, even whiskey banks. They issue certificates in exchange for deposits. Their value floats dependent upon local demand. Global arbitrage is only possible upon delivery of physical goods.
I think derivatives are possible so long as physical settlement occurs. Without this core activity the whole things becomes an abstract house of cards