John Adams at the Sydney Silver Stackeratti Soiree, Sunday, 30 May, 2021, 2 - 4 pm.

[Boyscout]

It was a good event, it didnt really relate to my strategy but reinforced my focus

I own 0 ounces of Unallocated and synthetic silver, after attending the event it made me realise that the buried treasure box can still fit an ounce or 2 so time to get it filled

Happy stacking guys

 

[bubblebobble2]

BUY! BUY! BUY !!!

 

[mmm....shiney!]

That fired off a stream comments about pensions lol. People accusing others of being callous, arguing about taxes, advocating increasing taxes on the rich ...

I had to scroll down a fair way before "Mookie Zerang" nailed it.

 

[markcoinoz]

Actually Mookie Zerang is deluded.

If the Australian Dollar is backed by the Australian economy, then the little Aussie Bleeder is well and truly stuffed.
We are in the same boat as every other Fiat currency.
We are backed by Debt, in which case a debt is an "IOU".

The debt is exactly that, an obligation to pay.

Any nation that thinks it will grow its way out of debt is dreaming.

Cheers Markcoinoz

 

[Markco2]

Hey Markcoinoz,

I agree, even though I am you and you are me.
We even have the same dog, Luka.
I thought you had gone missing.

Welcome back.

Cheers Markco2

 

[sammysilver]

I'd suggest you two get a room, but based on the circumstances, I expect that you'll make a fist of it!

 

[Markco2]

Ha! Ha!!

They say that being born a Gemini has 2 personalities.
Must be my schizophrenic traits coming home to roost.

Cheers Markco2

 

[alor]

no wonder the USD debt usage is through the roofs

 

[bubblebobble2]

I'd suggest you two get a room, but based on the circumstances, I expect that you'll make a fist of it!

poor Sammy being left out on this....you guys need to invite him as ‘referee’

 

[mmm....shiney!]

The debt is exactly that, an obligation to pay.

Any nation that thinks it will grow its way out of debt is dreaming.

It doesn’t have to grow its way out of debt because just like the Lannisters, the government always pays its debts. But unlike the Lannisters, the government can just print its gold.

 

[mmm....shiney!]

Strong fiat currencies are backed by the reputation of a nation’s economy and by the socio/political system of the nation.

That’s why no one in El Salvador wants the colon and everyone wants the USD.

 

[markcoinoz]

You mean El Salvador wants to map its own path and bypass fiat which destroys purchasing power in favour of BTC.
USD maybe the vehicle. However, BTC is the engine which protects purchasing power.

Sounds good to me.

 

[mmm....shiney!]

You mean El Salvador wants to map its own path and bypass fiat which destroys purchasing power in favour of BTC.

No. It can’t map its own path as long as there is a centralised government choosing BTC or any other non-government issued legal tender in favour of its own currency sovereignty.