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To: Errant

The US Dollar has a more immediate threat to its value as currency accepted as a sound currency here in the US & abroad than Bitcoin. The Fed & Treasury have been printing paper dollars at an insane rate with no credible backing as the US debt amount has grown to an amount far beyond what our economy can generate in value, growth or what taxes can be levied to back the dollar. Other countries see this and are starting to not use the dollar to settle debt or use in country to country trade. China is putting forward its currency as a world currency as China’s economy, low debt v. trade surplus and its gold holdings make the Yuan Renminbi sound.


17 posted on 01/09/2014 7:43:58 AM PST by RicocheT (Where neither their property nor their honor is touched, most men live content, Niccolo Machiavelli)
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To: RicocheT
The US Dollar has a more immediate threat to its value as currency accepted as a sound currency here in the US & abroad than Bitcoin.

Agree.

China is putting forward its currency as a world currency...

Who wants to trust Chinese currency or any other country's currency for that matter?

Better to trust in Cryptography, IMO. I think it really as a huge potential to put the power of the purse back into the hands of the people of the entire world. Think what that would mean in the larger scheme of things.

19 posted on 01/09/2014 7:49:52 AM PST by Errant (Surround yourself with intelligent and industrious people who help and support each other.)
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