A 'financial instrument' by any other name!
Posted: Sat Jul 15, 2023 4:54 pm
Given the inherent dangers and restrictions surrounding a CDBC, it would make sense to either dissuade our governments from pursuing this course of action, or, maintain a fiat currency that is concurrent with the proposed CDBC.
Many people are buying into precious metals in the hope of gaining some form of financial security but as a transactional commodity, it has it's drawbacks and limitations.
Another possible option worthy of consideration would be have a denomination of 'real' intrinsic value instead of the e.g I promise to pay the bearer on demand the sum of . . . Such an alternative could negate the need of 'an unrealistic promise' for example, the Utah Gold Back or similar . . .
Also, in light of current global events and the further weakening of the dollar, maybe an 'investment' in one or more of the BRICS currencies . . .
Either way, it would appear that we have two unpleasant choices - work within the system or outside of it!
Many people are buying into precious metals in the hope of gaining some form of financial security but as a transactional commodity, it has it's drawbacks and limitations.
Another possible option worthy of consideration would be have a denomination of 'real' intrinsic value instead of the e.g I promise to pay the bearer on demand the sum of . . . Such an alternative could negate the need of 'an unrealistic promise' for example, the Utah Gold Back or similar . . .
Also, in light of current global events and the further weakening of the dollar, maybe an 'investment' in one or more of the BRICS currencies . . .
Either way, it would appear that we have two unpleasant choices - work within the system or outside of it!