Posted on 01/20/2014 10:44:55 AM PST by Errant
housing prices dropped due to numerous reasons... cutting the dollar was not one of them
my point was a thing of value whose value was controlled by the whims of someone else for political reasons and has no connection to market forces.
and yes, those ‘dollars’ in your pocket is just paper with magic scribbles on it. it has no real value as it can be, and is, diluted regularly. this is the complete opposite of gold. gold doesn’t have value because people use it for applications and jewelry... it has value because its a limited resource and cannot be easily diluted.
bitcoins have value for all the same reasons gold does (with the added benefit of being essentially weightless)
Evidently, you have not followed the plummet of gold from, what, $ 1780 to $ 1250? There is no such thing as a stable "currency". It is all just willing buyer, willing seller. And, bitcoin is simply a crypto barter system that happens to have some followers right now, and will be just as manipulated and arbitraged as any currency...just watch.
Likewise the American Colonists who dared to declare their Independence.
evidently you haven’t followed the Feds manipulation of the gold price since it hit $1900. it’s blatant price fixing
of course, their manipulation isn’t bottomless... and now they’re getting called on their bs by the Germans
btw, you realize ‘dollars’ are nothing more then a place holder of value used in the bartering of goods... right? crypto currencies provide that and the assurance against dilution
Ping to 22. Same song, second verse.
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