To: Hugin
I am no big believer in crypto currencies being the big MOJO of the new financial world but saying the dollar at least has the backing of the government makes me giggle like a school girl. The government creates dollars out of thin air constantly by issuing new bonds etc. in order to pay off the ones coming due. Anyone with an IQ north of 70 can figure out that a a financial scam of that magnitude shows that Mr. Ponzie and Mr. Madoff were rank amateurs... 😎👌
70 posted on
07/16/2018 2:53:07 AM PDT by
Mad Dawgg
(If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
To: Mad Dawgg
Having the backing of the government means it’s legal tender, which is a big deal. Try paying your mortgage with bitcoin. No matter what kind of inflation we have your mortgage company must by law accept USD. They cannot one day say now you have to pay in silver, Euros or bitcoin.
77 posted on
07/16/2018 2:15:42 PM PDT by
Hugin
(Conservatism without Nationalism is ba fraud.)
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