• 4 Posts
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Joined 2 years ago
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Cake day: June 24th, 2023

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  • Ever see an old abandoned gas station lot sit unoccupied for years and years and wonder why nobody buys it? These tanks are why. To build something new on the land, you have to remove the tanks and clean up any spills. It usually costs more than the land is worth.

    Walgreens found an “interesting” way of using these properties. They get a 99 year lease, which means they can just pave over the land and leave all the contamination right where it is. The land owner will still be responsible for cleaning up the mess in 99 years, but they’ll be dead so they don’t care. Who cares if the people living nearby have unusually high incidence of cancer, right?


  • fiat currency which is literally just paper we are being convinced is valuable

    Only idiots who don’t understand fiat currency think this. The paper is a medium of exchange. It allows determining things like how many chickens are an even trade for a cell phone.

    If the golbal reserve currency of the world is no longer backed by gold then what incentive do the economies of any other countries have to back their currencies with gold which would just allow citizens and foreign nations to pilfer their supply with no resistance from the aristocracy.

    So you recognize that gold based economies are inferior and can’t survive alongside a better alternative. Thanks for proving my point.

    Bitcoin is not backed by nothing

    So show me a picture of a bitcoin. What element or elements comprise a bitcoin?

    The increase in US national debt since 1971- $400 billion to 36.2 trillion

    The highest tax bracket in the 1970s was 70%. Now it is 37%. The debt has nothing to do with gold and everything to do with taxes being too low to sustain our spending. The rich do everything they can to not pay their fair share.







  • The reason no country currently backs their currency to gold is primarily because central banks control all the currencies

    You are making the same logical mistake again. Every central bank on the planet is not in on a global conspiracy to control they economy. That is insane. If the gold standard worked better, someone would still be using it. It is simply inferior.

    You can still trade currency for gold

    I’m the same way you can trade currency for Beanie Babies and Elvis commemorative plates.

    the us dollar either needs to be deflated intentionally

    Deflation is catastrophic to the economy and causes a downward spiral. People don’t spend because their money is worth less, so businesses close which increases unemployment which makes people unable to spend, further weakening the economy.

    developing a new blockchain based stable coin or just adopting bitcoin

    You hate cash because it’s not backed by anything but you want Bitcoin? WTF.

    Cryptocurrency exists for one reason - to make exchanges of money more difficult, if not impossible to trace. That is the exact opposite of what the government needs to function.

    compare that to the 8400% increase in the value of gold since we ended the gold standard and it speaks for itself.

    About half of the gold ever mined by humanity has been extracted since 1970. At the same time demand was decreasing since governments were no longer hoarding it. In what reality would a commodity increase in price under those conditions? The value of gold is FAKE.