Putin brings back gold standard. Was that his plan all along? America is doomed!!

T

Text Drivers are Killers

Joe Biden - "Time to put Trump in the bullseye."
Because of the sanctions, Puty is now able to say " you forced me to bring back the gold standard". Puty is playing 4D chess while pedodent brandon plays tic tac toe.

https://halturnerradioshow.com/inde...returns-to-the-gold-standard-for-its-currency

march 3 2022 Russia Returns to Gold Standard - Government to Remove VAT (Tax) on Bullion. This bill will be submitted to the State Duma on March 4. . . .

Hal Turner Editorial Remarks

In one fell swoop, Russia just made the Russian Ruble the single most stable currency in the entire world.

Moreover, they just fucked the US Dollar and the EURO so badly, neither currency is likely to survive.

Nobody around the world will favor a US dollar, backed by nothing, from a nation $30 TRILLION in debt, versus a gold-backed Ruble.

Russia just completely SMASHED the United States and the EUROZONE.

Think I'm kidding? Think again.

When Muammar Qaddafi in Libya planned on a Gold-backed currency for all of Africa, the West went into Libya and overthrew him.

When Saddam Hussein in Iraq announced he would start selling oil in currencies other than the U.S. Dollar, two months later was Iraq War 2 - and they hung him!

The U.S. Dollar being the sole reserve currency for this planet is why wars get waged, and now Russia has completely, totally smashed it.
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Gold has been soaring last few weeks. Are people finally realizing gold is THE safe haven? Cryptos are more fiat money and an obvious banker scam.
 
Text Drivers are Killers said:
Because of the sanctions, Puty is now able to say " you forced me to bring back the gold standard". Puty is playing 4D chess while pedodent brandon plays tic tac toe.
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I would like to agree with you; but even digital, fiat, crypto-currency can be a store of wealth. We may not need to worry about inflation regardless of a Gold "Standard".
 
Text Drivers are Killers said:
Gold has been soaring last few weeks. Are people finally realizing gold is THE safe haven? Cryptos are more fiat money and an obvious banker scam.
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Cryptocurrency is not fiat money. It is based on a blockchain system. It is not printed by any nation nor controllable by anyone. Unlike gold, there is only so many coins that will ever exist in the blockchain.

Gold, however, is easily tested for purity using the simplest of methods, and has been used as a currency for thousands of years. While more gold can be mined, and the amount of gold is unknown on Earth, it still works as a currency, even with modern banking systems.

The crisis of using fiat money can no longer be ignored.
 
Into the Night said:
Cryptocurrency is not fiat money. It is based on a blockchain system. It is not printed by any nation nor controllable by anyone. Unlike gold, there is only so many coins that will ever exist in the blockchain.

Gold, however, is easily tested for purity using the simplest of methods, and has been used as a currency for thousands of years. While more gold can be mined, and the amount of gold is unknown on Earth, it still works as a currency, even with modern banking systems.

The crisis of using fiat money can no longer be ignored.
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Cryptos are fiat you moron. Any fool can see that.
 
Text Drivers are Killers said:
I suppose it's possible but why bother?. If you want money to serve as a store of wealth, use gold.
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Any currency that is accepted can be used as a medium of exchange, making it a store of value (not wealth). That is true for a fiat currency, a blockchain currency like Bitcoin, or for gold.

Gold is also wealth, since it has industrial uses.
 
Gin Saké said:
They don't even travel through banks, you retard.
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Hmmm. Interesting observation. You might be right. He is possibly assuming that cryptocurrency travels through a bank somehow, and that somehow makes it a fiat currency. Whatever his problem, it is obvious he doesn't know what 'fiat' means or how Bitcoin even works. I don't think he understands what money is, even if gold is used as a currency.
 
Into the Night said:
Hmmm. Interesting observation. You might be right. He is possibly assuming that cryptocurrency travels through a bank somehow, and that somehow makes it a fiat currency. Whatever his problem, it is obvious he doesn't know what 'fiat' means or how Bitcoin even works. I don't think he understands what money is, even if gold is used as a currency.
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His OP mentioned bankers supporting crypto as part of the reason why its bad. I can imagine a savvy banker diversifying by personally investing in crypto, but, he clearly did not mean it in that context.

You can see another example of how stupid TDAK is by the fact that he's getting schooled in logic by the likes of DanielPalos.
 
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Into the Night said:
Nope. Bitcoin, for example, is not designated or controlled by any government, agency, individual, or consortium.

Obviously, you have no idea what 'fiat' means or how Bitcoin actually works.
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HAHAHA. Do you actually believe that crap about bitcoin being outside the financial system??? It was created by the bankers and they control it you moron.
 
Into the Night said:
Any currency that is accepted can be used as a medium of exchange, making it a store of value (not wealth). That is true for a fiat currency, a blockchain currency like Bitcoin, or for gold.

Gold is also wealth, since it has industrial uses.
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Well of course that's true. We could use pine cones as currency but it wouldn't work well. A currency should be backed by something rare and valuable and compact. Bitcoin is backed by nothing and is fiat and can be printed to infinity. The founders PROMISE they will stop at 21 million. HAHAHA
 
Typical bungling trolling bullshit. You must be submerged in lies, bs and other types of fiction trash. You and your fellow bungling trolls also seem to be stupid.

Putin has doomed Russia with a war that can’t be won
His attack on Ukraine has galvanised near global opposition. With the rouble in free fall, the economy teetering on collapse and the country largely isolated, how long can Putin sustain domestic support?
Without a clear end game, even with short-term gains on the battlefield, victory would be elusive
https://www.scmp.com/comment/opinion/article/3169069/putin-has-doomed-russia-war-cant-be-won
 
Into the Night said:
Any currency that is accepted can be used as a medium of exchange, making it a store of value (not wealth). That is true for a fiat currency, a blockchain currency like Bitcoin, or for gold.

Gold is also wealth, since it has industrial uses.
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Only right-wingers deny and disparage fiat (paper) currency but embrace fiat (digital) currency; go figure?
 
Text Drivers are Killers said:
Well of course that's true. We could use pine cones as currency but it wouldn't work well.
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Pine cones ARE currency, at least for squirrels. Nothing prevents the use of pine cones as currency.
Text Drivers are Killers said:
A currency should be backed by something rare and valuable and compact.
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Not required. Fiat currencies, for example, are backed by nothing but faith in the government.
Text Drivers are Killers said:
Bitcoin is backed by nothing
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Bitcoin is backed by a blockchain.
Text Drivers are Killers said:
and is fiat
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It is not fiat.
Text Drivers are Killers said:
and can be printed to infinity.
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It cannot. The algorithm does not allow infinite coins.
Text Drivers are Killers said:
The founders PROMISE they will stop at 21 million.
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What founders? The algorithm stops at 21 million.
 
danielpalos said:
Only right-wingers deny and disparage fiat (paper) currency but embrace fiat (digital) currency; go figure?
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Bitcoin is not fiat currency. Paper currency can represent a claim of gold. Fiat currency has no backing. This isn't political. It is simply different currencies.
 
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