I look forward to learning about Special Drawing Rights from you. I have not encountered the term.
At the height of the Depression, there were 3,100 local community currencies. There are 3,100 counties so that’s an average of one per county. I’m a fan of anything that is local. Silver could work. I am reading the book Bitcoin Bailout at the moment. I’m not certain what the answer is exactly, but I do understand we need some analog systems in place.
Thanks so much for writing about CBDC’s. I live in Colorado and when I bring CBDC up, people tend to think I am talking about CBD oil, which is rather unnerving.
That is a astute historical observation, Elizabeth; our past has been so poorly (deliberately so?) taught by modern academics, many do not know how - and how WELL - our Republic functioned BEFORE the Federal Reserve tightened its grip on our legal tender. If they did know AND understand? Many of them would be screaming for a return to those times, IMO.
And that's sad, to hear about Colorado. When I lived there in the late-90's through early-00's, it was a fairly diverse place politically-speaking, with a (mostly) well-informed citizenry and a strong right-leaning presence. Then the Californians invaded, and it seems half the state became obsessed with cannabis and not much else :-\
Thanks as always, my friend, and I hope your weekend is going well AS well :-)
I definitely miss a strong right-leaning presence. It rather feels like California now. I doubt you’d recognize Colorado. I’m just glad my grandmother and great-aunt are not alive to see what their beloved state and their nation has become. They’d be scared and I would not want that for them. You read like a rational person….we could use more like you, that’s for sure. Take care.
I should say old-fashioned values instead of right or left leaning. I am not a very progressive person, it turns out. I need to ditch the right-left terminology. Thanks for being rational!
I have a song of the day for you. The title made me laugh. I was going to write a poem entitled “Cool People Make Me Tired” so I looked it up to see if anyone had written one. It turns out there is a song by Williamson with that title. Cool people do indeed make me tired 😂 but a poet I am not! Anyway, it is instrumental and rather soothing. Enjoy!
I first learned about SDRs back in the late 1990s (the beginning of my 'prepper' path LOL), and I have always wanted to write about them. However, they are difficult to to explain with brevity (and still make sense of them), hence the delay in posting something. Reckon now that I brought it up I'll have to get that done sooner rather than later, eh? ;-)
I think you are right on the money with this post. CBDC is never going to be a good idea for anyone who is doesn’t have many millions in the bank. Anything coming out of an entity called Central Banking has nefarious intentions for the commoners. I share your opinion on a silver currency. It would be a learning curve for some but it’s not like trying to become an expert on Bitcoin.
I tell ya, EK, for me trying to understand Bitcoin is like trying to make sense of modern scientific theories. No matter how much research I do, I STILL do not see its value.
I have spoken to a few self-proclaimed BC experts, and like those forementioned 'scientists' they either talk down to you or deliberately over-your-head, as if they are above such prosaic discussions. They act as if I am missing something obvious, but never explain what exactly that something is LOL That's what I like about silver: It's simple, straightforward, and tangible :-)
It has been the same experience as yours with Bitcoin. Tangible and physical items will always be a form of currency. Old fashioned, perhaps, history proves it. Unless and until the Cabal wins the day and then we are all screwed!
I don’t always comment but I hardly miss an installment of yours. You do great work and now it is I, who thanks you!😃
Silver is fine and I hold some as a sort of insurance, however there are problems. Goldbacks are probably better and less problematical than silver, but also still are at the effect of supply and demand and therefore also to some degree of manipulation, and not effective at the speed of light like a good crypto for transactions in the global age should be. So called "stable coins" and those crypto currencies with centralization and vunerable networks are also just as potentially bad as CBDCs for manipulations by corporations and "governments" (but I repeat myself) and tracking and control of individuals. Bitcoin and a few others with similar large open source, decentralized networks, and mathematically guaranteed scarcity are a better bet. There are others with open source software, waiting in the wings that have great anonymity and privacy programming built in, and faster transaction times, which with an even larger network, and adopted internationally as is Bitcoin, may and probably will be even better as far as individual and peer to peer transactions are concerned. Honest "money" only really requires trust that it is and will remain scarce, is very divisible, is not easily or almost impossible to manipulate in value, is transparent while maintaining privacy, and it's a bonus if it is cheap to send or transfer and to protect from thieves (including greedy so called "governments," does not require second party permission, and each payment is complete and finalized on receipt.
You are very welcome Stone, I appreciate the work you are doing. Another thing about money that I forgot to mention is the fact that it takes energy/work or effort to produce so "proof of work" crypto currencies like Bitcoin, Litecoin, and a few others is also an important factor. It isn't just produced by printing some paper with nice pictures of dead presidents on it. "Proof of stake" as in Ethereum also to me means that the major stakeholders have more influence than us hoi polloi, but that is my impression. That it is not as decentralized and free of influence by big stakeholders as "proof of work" coins.
Our ancestors did indeed, Jon - back in (what many of today's youth would call) 'the stone age.' Which is, of course, one of the reasons for the title of my page - it's not just a play on my name LOL And you are also 100% correct with your assessments on money - well said!
As for the tariffs? I'm not too worried, waiting to see how that all plays out. Trump may well be engaging in political gamesmanship, like his absurd notions of making Canada part of the US; no thinking person down here actually believes he means that, he's just rattling chains to get the best deal possible.
As such, I think things will work out okay. While there are many - MANY - things I question about Trump, he DOES know how to wheel-and-deal LOL
I actually own a couple, and considered writing an article about them a few months back. While they have potential, until they are more widespread (they are only available in a few states, although their recent introduction into Florida has promise), I'm sticking with the tried-and-true 😉
Appreciate the tip, though - it's encouraging when I know my readers and I think on similar waves ☺️ Thank you!
I am hoping that other readers will see my comment and websearch "goldbacks." You can buy them on the web. Brighteon carries them, for example. I get my precious metals from a local coin dealer so that I can buy it with cash, so that the profoundly anti-Constitutional government will not know what I have. I have to call him tomorrow and ask him whether he has any. If not, get some, and I will visit him this month and buy some. Then I will show them to neighbors and barter them away. That will raise local awareness.
I look forward to learning about Special Drawing Rights from you. I have not encountered the term.
At the height of the Depression, there were 3,100 local community currencies. There are 3,100 counties so that’s an average of one per county. I’m a fan of anything that is local. Silver could work. I am reading the book Bitcoin Bailout at the moment. I’m not certain what the answer is exactly, but I do understand we need some analog systems in place.
Thanks so much for writing about CBDC’s. I live in Colorado and when I bring CBDC up, people tend to think I am talking about CBD oil, which is rather unnerving.
Have a good day.
That is a astute historical observation, Elizabeth; our past has been so poorly (deliberately so?) taught by modern academics, many do not know how - and how WELL - our Republic functioned BEFORE the Federal Reserve tightened its grip on our legal tender. If they did know AND understand? Many of them would be screaming for a return to those times, IMO.
And that's sad, to hear about Colorado. When I lived there in the late-90's through early-00's, it was a fairly diverse place politically-speaking, with a (mostly) well-informed citizenry and a strong right-leaning presence. Then the Californians invaded, and it seems half the state became obsessed with cannabis and not much else :-\
Thanks as always, my friend, and I hope your weekend is going well AS well :-)
I definitely miss a strong right-leaning presence. It rather feels like California now. I doubt you’d recognize Colorado. I’m just glad my grandmother and great-aunt are not alive to see what their beloved state and their nation has become. They’d be scared and I would not want that for them. You read like a rational person….we could use more like you, that’s for sure. Take care.
I should say old-fashioned values instead of right or left leaning. I am not a very progressive person, it turns out. I need to ditch the right-left terminology. Thanks for being rational!
there is a third position - the ancestral position, vilified and called racist and all sorts of things.
I have a song of the day for you. The title made me laugh. I was going to write a poem entitled “Cool People Make Me Tired” so I looked it up to see if anyone had written one. It turns out there is a song by Williamson with that title. Cool people do indeed make me tired 😂 but a poet I am not! Anyway, it is instrumental and rather soothing. Enjoy!
There is no such thing as a 'natural currency' because, by its very nature, 'currency' is abstracted from the real things it can buy.
Silver should be money. So should gold. So should anything that anyone is willing to take as an 'IOU' from one person to another.
An interesting assessment; HT; I will have to ruminate over this further...
Special drawing rights is intriguing to me. Can’t wait to read your take.
I first learned about SDRs back in the late 1990s (the beginning of my 'prepper' path LOL), and I have always wanted to write about them. However, they are difficult to to explain with brevity (and still make sense of them), hence the delay in posting something. Reckon now that I brought it up I'll have to get that done sooner rather than later, eh? ;-)
Thanks, brother - always appreciate ya!
I think you are right on the money with this post. CBDC is never going to be a good idea for anyone who is doesn’t have many millions in the bank. Anything coming out of an entity called Central Banking has nefarious intentions for the commoners. I share your opinion on a silver currency. It would be a learning curve for some but it’s not like trying to become an expert on Bitcoin.
I tell ya, EK, for me trying to understand Bitcoin is like trying to make sense of modern scientific theories. No matter how much research I do, I STILL do not see its value.
I have spoken to a few self-proclaimed BC experts, and like those forementioned 'scientists' they either talk down to you or deliberately over-your-head, as if they are above such prosaic discussions. They act as if I am missing something obvious, but never explain what exactly that something is LOL That's what I like about silver: It's simple, straightforward, and tangible :-)
Thanks so much for the gracious words!
It has been the same experience as yours with Bitcoin. Tangible and physical items will always be a form of currency. Old fashioned, perhaps, history proves it. Unless and until the Cabal wins the day and then we are all screwed!
I don’t always comment but I hardly miss an installment of yours. You do great work and now it is I, who thanks you!😃
Oh my goodness, I am just now seeing this! Thank you SO much for saying that, EK - comments like yours keeps the writing-engine humming along.
Appreciate ya... :-)
Silver is fine and I hold some as a sort of insurance, however there are problems. Goldbacks are probably better and less problematical than silver, but also still are at the effect of supply and demand and therefore also to some degree of manipulation, and not effective at the speed of light like a good crypto for transactions in the global age should be. So called "stable coins" and those crypto currencies with centralization and vunerable networks are also just as potentially bad as CBDCs for manipulations by corporations and "governments" (but I repeat myself) and tracking and control of individuals. Bitcoin and a few others with similar large open source, decentralized networks, and mathematically guaranteed scarcity are a better bet. There are others with open source software, waiting in the wings that have great anonymity and privacy programming built in, and faster transaction times, which with an even larger network, and adopted internationally as is Bitcoin, may and probably will be even better as far as individual and peer to peer transactions are concerned. Honest "money" only really requires trust that it is and will remain scarce, is very divisible, is not easily or almost impossible to manipulate in value, is transparent while maintaining privacy, and it's a bonus if it is cheap to send or transfer and to protect from thieves (including greedy so called "governments," does not require second party permission, and each payment is complete and finalized on receipt.
Interesting perspective, Hat - thanks so much for sharing it.
You are very welcome Stone, I appreciate the work you are doing. Another thing about money that I forgot to mention is the fact that it takes energy/work or effort to produce so "proof of work" crypto currencies like Bitcoin, Litecoin, and a few others is also an important factor. It isn't just produced by printing some paper with nice pictures of dead presidents on it. "Proof of stake" as in Ethereum also to me means that the major stakeholders have more influence than us hoi polloi, but that is my impression. That it is not as decentralized and free of influence by big stakeholders as "proof of work" coins.
Herr Stone
Our ancestors made coins of silver that still exist today
Fiat money is easily manipulated,inflated,
devalued or replaced overnight
Coins of silver maintain value throughout the economic cycles
A form cash based on silver is important as a common form of value in society to barter and exchange
Tusen Takk
Jon
Our current political dispute over tariffs has begun
I wonder how it will play out brother
Our ancestors did indeed, Jon - back in (what many of today's youth would call) 'the stone age.' Which is, of course, one of the reasons for the title of my page - it's not just a play on my name LOL And you are also 100% correct with your assessments on money - well said!
As for the tariffs? I'm not too worried, waiting to see how that all plays out. Trump may well be engaging in political gamesmanship, like his absurd notions of making Canada part of the US; no thinking person down here actually believes he means that, he's just rattling chains to get the best deal possible.
As such, I think things will work out okay. While there are many - MANY - things I question about Trump, he DOES know how to wheel-and-deal LOL
Thanks so much, brother! *salute
You may find Jeff Childers' take on tariffs of interest.
https://www.coffeeandcovid.com/p/none-shall-sleep-monday-february?utm_source=post-email-title&publication_id=463409&post_id=156382501&utm_campaign=email-post-title&isFreemail=true&r=i6km6&triedRedirect=true&utm_medium=email
Appreciate you sharing that, Gwyneth; lots of good info in there.
You do need to find out about "Goldbacks." They are only in the USA right now, but no reason they can't be transported and made elsewhere.
I actually own a couple, and considered writing an article about them a few months back. While they have potential, until they are more widespread (they are only available in a few states, although their recent introduction into Florida has promise), I'm sticking with the tried-and-true 😉
Appreciate the tip, though - it's encouraging when I know my readers and I think on similar waves ☺️ Thank you!
I am hoping that other readers will see my comment and websearch "goldbacks." You can buy them on the web. Brighteon carries them, for example. I get my precious metals from a local coin dealer so that I can buy it with cash, so that the profoundly anti-Constitutional government will not know what I have. I have to call him tomorrow and ask him whether he has any. If not, get some, and I will visit him this month and buy some. Then I will show them to neighbors and barter them away. That will raise local awareness.
Remember the silver quarters? Before they started filling them full of tim? Old Morgans are real heavy.