There are increasing calls for Central Banks to issue digital currencies to ensure that government issued monopoly fiat currencies remain, in the words of Fed Board Governor Lael Brainard "as the anchor of the nation’s payment systems." https://cdn.jwplayer.com/videos/poloG8nh-RmcetBML.mp4 https://www.bis.org/review/r200205j.pdf What are your thoughts?
The woolgrower's target shall be the good thriving of his flock and its pastures, and so of himself and those whose livelihoods depend on his enterprise. "The Woolgrower's Companion", 1906. Shiny what inspires such a tangential signature?
I guess the connection between Adam Smith’s “invisible hand” and what I see as the meaning of life ie to enhance value.
The poll is a little too simplistic imho. The military force that sits behind a currency and for that matter such activities as we see happening today means private currencies can never hold the same value. The one caveat would be a genuine global revolution where individuals take collective power. However the general population is not sufficiently mature and won’t be for some centuries imho.
If you'd designed the poll no one would be able to understand it. All I'm interested in is if PM bugs prefer central planners to control the money or if they would prefer the free-market. So far PM bugs appear to prefer central planners controlling the money supply by a factor of 3:2.
The daughter of one of my customers wrote a novel a couple of years ago titled "The Woolgrowers Companion". We've got a signed copy. The title was taken from the non-fiction "Woolgrowers Companion" published in 1906. It was based on the life of her grandmother in rural NSW. The family has a long connection to the land, our customers were John Deere dealers in Queensland up until they sold and retired. I don't recommend the novel unless you have tits and are into love stories.
"In which type of currency do you have greater confidence?" Thanks for arksin', NONE. I prefer 'REAL MONEY', you know GOLD & SILVER. [email protected]@P doesn't excite me either. _JOHNLGALT. covering all bases. lol.
Early days yet but I’m thinking if we took this poll across to the crypto community we’d get a vastly different result. Which is interesting considering how gold bugs bang on all the time about central banks, inflation and credit fuelled growth. Probably explains why there is quite a deal of hostility toward cryptos, not that a private currency must be crypto based mind you. For every 1 free-market currency supporter we’ve got 4 monopoly currency supporters.
there are over four thousand privately issued currencies in more than 35 countries. These include commercial trade exchanges that use barter credits as units of exchange, private gold and silver exchanges, local paper money, computerized systems of credits and debits, and digital currencies in circulation, such as digital gold currency.
Someone give me a summary of what @JOHNLGALT posted. He’s on my ignore list and I just don’t want to show the ignored content.
he said Qoute, "blah blah blah, they just let me out of the lunatic asylum blah blah blah", in crazy fonts, then I couldnt understand the rest
I thought the central banks issued the money to the Governments, Governments don't issue money, they borrow it at interest. And who is doing all this calling for Central Banks to issue digital currency? The Central Banks? I like the idea of digital currency as a currency, but at the moment it is just a speculative investment.
