Digital euro launch October 2025, multiple nation-state misleaders gagging to roll-out digital ID, harvest biometrics, & fuse private corporation contracts over your data with the state...
I think crypto is just the dumbest idea ever; it works only until the power goes out or the internet goes down. My hedge against this sociopathic control-freak kleptocratic digital bullshit is metal. One format I use is Goldbacks, which are legal tender in I think five US states now.
It's one way of solving the problem of making gold and silver portable and available in convenient denominations. They vacuum deposit the metal on bank note-sized polymer sheets. From their website: "Goldbacks are created with patented technology that atomizes 24-karat gold down to 1/2000th of an ounce. The gold is then layered between two polymer sheets. The result is a physical currency that can be spent for as little as $2 – $3." The "bills" vary in size depending on how much metal they contain, but they're all easily portable. Florida, Wyoming, South Dakota, and Utah are the states I can think of off the top of my head in which they're legal tender, but there's at least one other. New Hampshire, maybe? Anyway, they're a great answer to people who scoff at physical gold and silver as currency.
That’s great to see the goldbacks getting traction - I recall we discussed the states using goldbacks in comments section of another article here several months back. It would be brilliant if the concept catches on globally to help preserve both cash and purchasing power via the gold denominations.
I think crypto is just the dumbest idea ever; it works only until the power goes out or the internet goes down. My hedge against this sociopathic control-freak kleptocratic digital bullshit is metal. One format I use is Goldbacks, which are legal tender in I think five US states now.
It's one way of solving the problem of making gold and silver portable and available in convenient denominations. They vacuum deposit the metal on bank note-sized polymer sheets. From their website: "Goldbacks are created with patented technology that atomizes 24-karat gold down to 1/2000th of an ounce. The gold is then layered between two polymer sheets. The result is a physical currency that can be spent for as little as $2 – $3." The "bills" vary in size depending on how much metal they contain, but they're all easily portable. Florida, Wyoming, South Dakota, and Utah are the states I can think of off the top of my head in which they're legal tender, but there's at least one other. New Hampshire, maybe? Anyway, they're a great answer to people who scoff at physical gold and silver as currency.
That’s great to see the goldbacks getting traction - I recall we discussed the states using goldbacks in comments section of another article here several months back. It would be brilliant if the concept catches on globally to help preserve both cash and purchasing power via the gold denominations.
I am so sorry. I didn't realize I was repeating myself. Maybe I should figure out how to get them to pay me for yapping about it.
It’s worth repeating!!
I think that the time is coming where central reserve banks (Private Gov Partnerships) will be burnt to the ground. They will follow Lebanon's lead.
https://www.reuters.com/world/middle-east/lebanese-depositors-smash-up-burn-beirut-banks-2023-02-16/
I missed that story, thanks for link Jack