General Discussion
In reply to the discussion: SOMETHING is going on in the market. Re: precious metals. [View all]Bluetus
(2,229 posts)Traditionally this was compared to the pound sterling, EQ, or one of the lesser currencies. That is changing and nobody seems to even notice.
THere are about $2.4 trillion of dollars in circulation. There is about $3 trillion of crypto in circulation. OK, nobody is buying their groceries with Bitcoin and most car dealers don't take crypto. But it is functioning as a real currency, enabling some of the biggest deals that are happening. And the stuff is literally conjured out of thin air.
Generally speaking, the crypto kiddies have never made anything real in their lives. They don't make cars or refrigerators. They mostly don't even make much software, and the software they do create keeps losing track of billions of dollars worth of coin. But they don't care. They can just create more.
If you thought it was insane to allow a few Federal Reserve banksters to control all our money, well this is even worse.
I don't know where this all leads, but it is clear that our lawmakers don't understand it, or maybe they just don't care, because they will happily take "campaign contributions" in any crypto you want to use.