10 Jan 2023 11:22 pm
Arrogance and incompetence? What a load of baloney.Skans » 10 Jan 2023, 9:19 am » wrote: ↑ Weird. I could have written that - a close parallel to my view of currencies. I view gold as I do any other currency, bitcoin included. About the only difference is that gold has a smattering of industrial worth; silver more so; platinum and palladium much more so. Having a national currency allows those in power to tweak certain economic metrics that can't be done as easily with gold being the currency. The trade-off is that tweaking your currency has consequences, much like the the Newtonian law of physics: "For every action there is an equal and opposite reaction". However, in economics, none of the econ-wonks can ever get a handle on all of the dependent variables, thus leading (almost always leading) to surprising, unintended consequences.
Yes, I chalk it up to arrogance and incompetence far more than some nefarious scheme to enrich a few by intentionally screwing the many. That is likely where you and I depart in our interpretations.
So you think (((they))) just...somehow magically decide to turn on/off the spigots when it's time to inflate assets - which allows them to sell their property at high prices, right before turning off the money sprinkler once they've cashed out, so they can pick up assets for 20 cents on the dollar before repeating the cycle?
And that this is somehow a result of poor planning/decision making? (Keep in mind this is just one of several tricks possible)
lol...a **** 115 IQ midwit can pull off this trick and make a fortune just being a **** parasite/doing some (((financial engineering))) but you think (((they))) - people who have had CENTURIES of practice - can't pull this heist off?
Btw Gold is not a currency, it is a COMMODITY - a highly valued one, which is why (((they))) have raided countless countries over the past 5 centuries and either stole those nations' gold outright or tricked the stupid goyim into handing their gold coins over in exchange for "redeemable" paper notes. Nobody knows where the gold is stashed away in 2023 but the best guess is in some "tax haven" like Switzerland, hundreds of meters underground in top security vaults.
Only retarded libertarians (and people like them) stocked up on gold/silver en masse because they thought "the US Dollar" was going to collapse.