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The Water Cooler
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Credit card "tax"
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<blockquote data-quote="ConstitutionCowboy" data-source="post: 4067338" data-attributes="member: 745"><p>I doubt that. When we were using gold, silver, and copper as money, and started printing 'certificates', the certificates were at least backed up with silver and gold. But then along came counterfeiting. </p><p></p><p>Next we stopped using gold, silver, and copper (and other metals) as money all together and adopted "Federal Reserve Notes" as money, no longer supported by precious metals. Enter inflation, "quantitative easing", and more counterfeiting.</p><p></p><p>Digital currency is the least secure thing I believe we could use. Look how easy it is to hack someone's bank accounts, etc. </p><p></p><p>Anyone with a little larceny and a computer at their disposal would have no compunction against conjuring up a magical benefactor enriching themselves from some anonymous source.</p><p></p><p>No to all of that. If you want stability and a measure of security, go back to gold and silver as the only medium of exchange. That way, if someone wants your wealth, they'll have to face you with a gun and risk you being a better shot and more determined to keep what you have earned than they are of risking life and limb to try and steal yours. There wouldn't be someone bent over a keyboard stealing you blind, out of range, and even worse, doing it anonymously.</p><p></p><p>Get rid of the Federal Reserve. Congress is supposed to be the entity that sets the value of our money, not some private bank.</p><p></p><p>Woody</p></blockquote><p></p>
[QUOTE="ConstitutionCowboy, post: 4067338, member: 745"] I doubt that. When we were using gold, silver, and copper as money, and started printing 'certificates', the certificates were at least backed up with silver and gold. But then along came counterfeiting. Next we stopped using gold, silver, and copper (and other metals) as money all together and adopted "Federal Reserve Notes" as money, no longer supported by precious metals. Enter inflation, "quantitative easing", and more counterfeiting. Digital currency is the least secure thing I believe we could use. Look how easy it is to hack someone's bank accounts, etc. Anyone with a little larceny and a computer at their disposal would have no compunction against conjuring up a magical benefactor enriching themselves from some anonymous source. No to all of that. If you want stability and a measure of security, go back to gold and silver as the only medium of exchange. That way, if someone wants your wealth, they'll have to face you with a gun and risk you being a better shot and more determined to keep what you have earned than they are of risking life and limb to try and steal yours. There wouldn't be someone bent over a keyboard stealing you blind, out of range, and even worse, doing it anonymously. Get rid of the Federal Reserve. Congress is supposed to be the entity that sets the value of our money, not some private bank. Woody [/QUOTE]
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