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12-09-17, 03:34 PM | #16 |
Fleet Admiral
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If you are hungry and have one ounce of gold and I have one loaf of bread, how much do you think your gold is worth?
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abusus non tollit usum - A right should NOT be withheld from people on the basis that some tend to abuse that right. |
12-09-17, 07:35 PM | #17 |
Soaring
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If all has become worst, and If you are willing to barter since you have enough bread, and I offer you either an ounce of gold in any form, or a piece of paper with a hyperinflated number on it, or a full truck of such papers, tousands of them , and you consider what you can barter for any of the two yourself, if need arises, may it be a brib ewry of guards tpo escape from some place, may it be gasoline, or drugs, or a smuggles trek to bring you across a border - what would you chose?
The argument "You cannot eat gold" is one of the most intellectually shortsighted and stupid arguments I have ever heard in a debate or disucssion. And yet I hear this special one time and again. Gold gets bartered and used as an emeregcy trading item and a safe of value since several thousand years. Why is that, assuming that modern man is not the first one noticing that you cannot eat gold? And how have ALL paper money system known in history so far ALWAYS ended? Although it is known that gold cannot be eaten (but maybe paper)? Come to your senses, people. The other thing you need, is the ability and means to fight against those wanting to take it from you by the use of force. When things detoriate so far that gold rules over hyperinflated worthless banknotes, the state will crackl down on you with meciless brutality to take any values away from you, and if open anarchy already exists, the police will have mostly gone and the law will have no meaning anymore: justice will be defined the strongest and most ruthless. You need weapons, and the readiness to use them. But this is a truth not being cared for in a society where most people think the basis of their survival gets reliably and always satisfied by the nearest supermarket, and the invulnerability of the supermarket and the logistics chain behind it is taken as granted. Civilisation is a very layer of paint that can easily be washed away and scratched off. Below it, there only is sheep, and wolves. Shepard dogs would be in need, but will be extremely rare.
__________________
If you feel nuts, consult an expert.
Last edited by Skybird; 12-09-17 at 07:56 PM. |
12-13-17, 04:53 PM | #18 | |
Soaring
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LINK - Mark Spitznagel: Why cryptocurrencies will never be safe havens
Wonderfully put and explained. While generally already having been on his line, I had to correct my view of cryptocurrencies in two smaller details, since I could not reject his argument. Quote:
__________________
If you feel nuts, consult an expert.
Last edited by Skybird; 12-13-17 at 05:05 PM. |
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