Wednesday, August 9, 2017

The life cycle of money

Daily Reckoning om bitcoin:

The world’s monetary system has collapsed three times over the past century: In 1914, 1939 and 1971.

Yes, and the process has not stopped, all that happened was in the 70s MIT put out a bogus theory that makes us feel better.  

We are moving toward a new monetary technology, we will not pay the bills during the transition.  The sandbox prevents government rigging of the debt system.

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