You are viewing a single comment's thread from:

RE: What I Learned in the Zeitgeist Movement | Part 3: "Debt-Machine"

in #money6 years ago

Impressive story about the history of money. I think the fractional reserve banking system is one of the most impressive developements in modern times, that and double entry book-keeping. It has literally made some of us extremely wealthy and has created an army of somewhat well paid bureaucrats. Certainty beats susistance agriculture.

There simply isn't enough gold or silver to go around for everyone. I don't think cryptocurrencies are the solution either, new ones will be created and there are constant forks. Eitherway, I like me some physical metals along with income producing assets to hedge against inflation.

Upvoted and followed

Sort:  

I agree, "crypto" in itself will not address these issues. Especially as long as the dollar is held to be a stable entity. While I would go for precious metals, the smartest option to me at this time seems to be to invest crypto in some land and a sustainable place to live - then become fully self-sustainable and build networks of people and skills.

Glad you reached out, followed you back because I like free thinkers a lot.
Thanks for dropping your thoughts.

Coin Marketplace

STEEM 0.15
TRX 0.15
JST 0.028
BTC 53406.15
ETH 2223.47
USDT 1.00
SBD 2.29