Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: farmguy
E-tulips

Currency itself is a fiction. We only accept it because everybody else does. It takes hyperinflation to destroy the scam.

Instead of smuggling out wealth in some clever fashion it's gone with a click! No wonder crypto currencies took off but it's definitely reached Tulip territory

8 posted on 05/24/2021 8:20:19 AM PDT by Nateman (If the Left Is not screaming , you are doing it wrong.)
[ Post Reply | Private Reply | To 6 | View Replies ]


To: Nateman

“We only accept it because everybody else does”

the very definition of ANY currency ...


28 posted on 05/24/2021 9:03:45 AM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
[ Post Reply | Private Reply | To 8 | View Replies ]

To: Nateman

“Currency itself is a fiction. “

Fiat currencies that are, and remain valuable are accepted and backed by large governments, whole societies with large military forces.

Crypto is backed by jack sh!t.

Dollar denominated assets are the most valuable.


29 posted on 05/24/2021 9:10:13 AM PDT by Mariner (War Criminal #18)
[ Post Reply | Private Reply | To 8 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson