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Thread: Cashless society

  1. #21

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    Quote Originally Posted by dukadan View Post
    Digital currency is just the way criminals finance their organized criminal enterprizes.
    Now there's no more oak oppression
    They passed a noble law
    Now the trees are all kept equal
    By hatchet, axe and saw.

    I will not comply.

    The Tea Party... quietly plotting to take over the world,
    and leave you the hell alone!

  2. #22

  3. #23
    Join Date
    Jan 2010
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    13,301

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    What's the role of gold/silver in todays current two circuit system. None really, right. It sits over here/there/somewhere in it's own asset class affected by (most often) and inverse relationship to the comparative strength (floating rate) of the NOTE vs foreign "notes" (currencies).....right? OK, some additional economic and political dynamics can affect gold's FRN relative trading value but mostly it moves inversely with the dollar.

    Currently, the government who controls money and interest rates makes investing/speculating in gold kind of ugly - tax

    And it's liquidity while better than some other asset classes still is "stunted" due to related transaction costs (premiums? Discounts?)

    So what will happen to private ownership of gold/silver as new CBDC's are enacted? No change? Or what changes? What will all of you start doing tomorrow as a result of this video?
    Who are the righteous? ....Markpti

    What value did Burisma think to gain by hiring Hunter Biden as a Board member vs ALL other choices?

    Those who cannot articulate the other argument do not fully understand their own argument.

    "Much can be done by wise legislation and by resolute enforcement of the law. But still much more must be done
    by steady training of the individual - in conscience and character...." .......T. Roosevelt

  4. #24

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    The more repressive govt gets, the more people opt out of the system and go barter. Always happens, historically
    Last edited by shades; 11-25-2022 at 01:29 AM.

  5. #25

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    Quote Originally Posted by Markpti View Post
    What's the role of gold/silver in todays current two circuit system. None really, right. It sits over here/there/somewhere in it's own asset class affected by (most often) and inverse relationship to the comparative strength (floating rate) of the NOTE vs foreign "notes" (currencies).....right? OK, some additional economic and political dynamics can affect gold's FRN relative trading value but mostly it moves inversely with the dollar.

    Currently, the government who controls money and interest rates makes investing/speculating in gold kind of ugly - tax

    And it's liquidity while better than some other asset classes still is "stunted" due to related transaction costs (premiums? Discounts?)

    So what will happen to private ownership of gold/silver as new CBDC's are enacted? No change? Or what changes? What will all of you start doing tomorrow as a result of this video?
    I have interfaced with the "Black Market" (is that Racist?) and I did NOT relish doing so and found much trepidation goes along with such. However I believe
    that PM transactions may be pushed into this zone of uncomfortableness. It will potentially be like the wild wild west. Your ability to transact in the public
    space under camera survelliance goes away in order to be discrete. If you get a repor as a vector of Gold being present in your hodlings, you are a target.

    Could you begin a PM union of sorts with like minded? Still sketchy and risky. Could you trade your AU for CBDCs? Maybe at inception, but not after a while
    because it goes against the principle reason for CBDC control of societies transactions.

    We live in interesting times
    Thomas Jefferson is credited with writing, “When injustice becomes law, resistance becomes duty.” The seceding states in the Civil War period issued a similar declaration using the word “tyranny” as opposed to “injustice.”

  6. #26

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    If they control you digital cash then physical becomes very important IMHO. An old article on one of the numerous Argentina collapses went on that it was better to own the junk 10k jewelry as that's all they will pay even if 24k.
    What's the Frequency, Kenneth?

    432Hz

  7. #27

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    Too bad you guys have to live in areas that have forgotten how to do commerce with pm.

    My area, especially with the ranching, ,imb!r, and qg industry, pm is well accepted. As I previously posted, you can get groc!ri!s and gas with pm, at spot rates. Many have xrf guns, you get accurate accounting.

    The problem with all your urban living is people who chose to live in urban areas invariably are democrat liberal style sheep who are easy to control via lies and propaganda. They constantly yearn for ever more govt control. You do it to ,ours!lves, deliberately, and with relish. You get no sympathy from me. I just sold 12 head of 4 year olds, for a nice stack of QGE's, to a Malaysian importer. Two of those coins went immediqtely to pay for diesel.

    Keep telling yourself that you can't develop business with pm savvy entrepreneurs.

  8. #28

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    Too bad you guys have to live in areas that have forgotten how to do commerce with pm.

    My area, especially with the ranching, timber, and ag industry, pm is well accepted. As I previously posted, you can get groceries and gas with pm, at spot rates. Many have xrf guns, you get accurate accounting.

    The problem with all your urban living is people who chose to live in urban areas invariably are democrat liberal style sheep who are easy to control via lies and propaganda. They constantly yearn for ever more govt control. You do it to yourselves, deliberately, and with relish. You get no sympathy from me. I just sold 12 head of 4 year olds, for a nice stack of AGE's, to a Malaysian beef importer. Two of those coins went immediately to pay for diesel from a local fuel depot expediter.

    Keep telling yourself that you can't develop business with pm savvy entrepreneurs. My high school neighbor kid who takes care of our lawns PREFERRS the silver coin I pay him.
    Last edited by shades; 11-25-2022 at 09:59 AM.

  9. #29

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    Quote Originally Posted by vertical1 View Post
    I have interfaced with the "Black Market" (is that Racist?) and I did NOT relish doing so and found much trepidation goes along with such.
    What do you mean by black market? Criminal elements?

    Here in Alaska $100 bills are extremely common, nobody bats an eye at them. The last time I tried to use a $100 bill in the lesser 48 I was looked at as if I was trying to scam them.

    I love using my credit card, I get money back every time I use it. I also love using cash at a store, which makes me almost invisible to the modern world.

  10. #30

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    Quote Originally Posted by DBCooper View Post
    What do you mean by black market? Criminal elements?

    Here in Alaska $100 bills are extremely common, nobody bats an eye at them. The last time I tried to use a $100 bill in the lesser 48 I was looked at as if I was trying to scam them.

    I love using my credit card, I get money back every time I use it. I also love using cash at a store, which makes me almost invisible to the modern world.
    Yes-ish.... Since it is "the government" that defines what is "black market", anything that occurs outside the purview of the government is illegal. While some of it is organized criminal elements, my guess would be the major amount of black market is just everyday people. Someone buying eggs or a graduated layer from a neighbor. A handyman or mechanic doing a repair for silver. Buying something for cash at a yard sale (black market deal) and flipping for more cash later (black market) and using that money to buy silver or guns or Bitcoin (black market) or to give a child as a birthday present (black market).
    Now there's no more oak oppression
    They passed a noble law
    Now the trees are all kept equal
    By hatchet, axe and saw.

    I will not comply.

    The Tea Party... quietly plotting to take over the world,
    and leave you the hell alone!

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