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To: Errant

Apparently you missed the news that Friday the Feds raided some online drug business and took $28 million in bitcoins away. There is no way the US govt or any other govt is going to allow a rogue currency to endanger the regular fiat currency.

If you want to hedge your bets buy gold or silver. When the SHTF and there is no internet there won’t be any bitcoins anyway. If you can’t hold it in your hand it doesn’t mean chitola.


41 posted on 10/27/2013 11:12:15 AM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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To: Georgia Girl 2
It wasn't Friday, it was a week or so prior. The government has and can confiscated gold or anything else it wants since there is little you or any individual can do about it. It's best to diversify any assets you have. It's also wise not to engage in any illegal activates and give Cesar that which belongs to Cesar (i.e., taxes).

This person allegedly was engaged in illegal activity. It matters little where he kept his profits. The government will go after them, even if held in an offshore bank.

While it's great to prepare for the SHTF, you still have to live for today. It's wise to diversify and not be cowered, for if that's the case we've already lost the war, and our final outcome is assured to be a miserable existence under a tyrannical master. That said, I'm certain central banks are demanding their governments do something about this infringement on their monopolies.

The question is will these governments try to stomp out crypto-currency or instead embrace and tax it like Germany has decided to do. I suspect some countries will try to make it illegal, with stiff penalties, acquiescing to their central bankers' demands, while other countries who more respect the rights of individuals, will join the crypto-currency bandwagon.

When/If the SHTF, only food, water, shelter, company, and some way to ease pain will matter. I think if more people realized how bad things could get, there would be more effort to avoid collapse of civilization. The movie *The Road* is probably a good look into where the road we're on now eventually leads to.

Have to go cook some mustard greens. Later... :-)

42 posted on 10/27/2013 11:50:40 AM PDT by Errant
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