My friend, your comment is very interesting and profound in several ways. But I would like to chitchat on some trivial things first!
1- We are “no one,” no expert, no influencer at all..we are just some “fools” in this very tiny corner of substack… but govt-thugs and substack have paid attention on our words… that means we must have hit some “nails right on their heads!”
PS : Even the Vietnamese communist thugs and the thugs of the South Junta’s remnant could not silence me at all!
2- While still waiting for the “coming very good news” (as far as I am concerned) I am not going to say much about any related thing… But this silly statists ex-thug Swiss has revealed something important that I’ve tried to tell and warned the people of the Axis of Resistance about. The “thing” that the Muslim/Arab leaders have tried NOT to talk about this! And this very fact and truth needs to be dealt with in a very serious soul searching manner. Otherwise… do I have to repeat myself?
So far, despite decade even centuries of “bad” deadly experience with the Jews, and the current on going genocide and the lesson of the Hezbollah/Hamas’s fatal miscalculation and “misunderstanding” of their enemy … and “the Mullahs” real intention, I have not seen any sign that could convince me that the Axis of Resistance (with perhaps the exception of the new Hezbollah leader) or any “experts” have known and clearly understood their existential enemy/ the Jewishness at all!
Anyway, as a young generation Arab, please just watch and listen to this segment and decide for yourself. I really want you to pay attention and hopefully you would find a solution for your people since your username is “West Asian Unity”… which has not had any sign of its existence … yet! (remember what I said about the “weakest link?”
The full silly talk can be viewed here: https://www.youtube.com/watch?v=JlzO02NwSbY
Now, the main subject: Gold/silver and Cryptos/Bitcoin as MOE (medium of exchange)
For thousands years, gold/silver have been and still are universal of medium of exchange without the need of any authority recognition at all…. until Kings/Queen/Emperors intervened and gave special privilege and protection to the “money changers” who were and still are ready to lend their MOE to the power of the day in order to gain and wield power of their own (not just by political donation). Remember the Rosthchild and Lü Buwei (呂不韋) biological father of Qin Shi Huang and the modern Wall Streets/ Banksters of our time!
And don’t forget the Executive Order 6102, in 1933 and the confiscation of Ron Paul Liberty Gold Coin in 2007, which was accused of being “Ron Paul dollars!” a pretext to rob gold from citizens! In my former tribe,Vietnam, after 1975! The communists did the same gold confiscation! They wanted to eliminate any powerful rival to their Ho Chi Minh faces just as they did in China!
My point is Gold/Silver as MOE cannot be monopolized or even hoarded since it is almost limited/finite hence you must collect to spend and must spend to collect. That’s MOE is all about!
However, since the State/Government issued unlimited “colorful papers” and called it “legal tender” with the gun on people’s heads, and used the term gold standard to fake the value of their rubbish papers… So the “gold standard was and still is a cheat/deception for not just ignorant people but stupid mainstream economists and their “intellectual idiocy!” Nixon and his banksters knew and understood such non-sense since the States/Governments always printed more of their papers than the physical gold/silver they held.
And with the “agreement” with Arab Saudi (opec) in exclusive use of US dollars in Petroleum exchange (market)
the US did not need such stupid fraudulent “gold standard”. That’s the main reason Nixon and his banksters ditched that useless standard on the USA fiat papers!
Point being… that with the Statist power still exists with government bruteforce and their thugs’ gun on people’s head, the cryptos/bitcoin , like current gold/silver still need to be converted into government fiat papers to buy and sell good and services! That’s why the “fiat toilet papers price” of Gold/Silver and now cryptos/Bitcoin exist, which should have never existed at all.
The real and true reason or causing force that creates the value of Bitcoin (or/and any MOE) is the “unknown” market that only accepts Bitcoin as MOE for goods and services! We don’t know how big and “where” such “market” is, since government has complete control of wall street and main street economic activities, so to speak .
Think of the world oil market where OPEC “agrees'“ with the USA-Jews that ONLY accepts US dollars as MOE! (well… now and the BRICS is just the same shit with different smell)
Updated: Bottom line:
-MOE is NOT a commodity, hence has no “PRICE.”
-MOE is used to “PRICE” GOOD AND SERVICES.
The “price” of a MOE is the volume/quantity/quality of goods and services that are exchanged for it!
The fiats is created to destroy ( and have destroyed) all that in order to force the “fiat price” on everything to establish a complete control over everything!
The only hope we have is the unique feature/characteristic of Cryptos/Bitcoin that gold/silver cannot have that is the non-physical form in blockchain and its absolute finitude…provided that the users do understand such powerful feature/characteristic.
The problem I have seen is .. many Cryptos/ Bitcoin users do not understand cryptos/Bitcoin powerful characteristics at all. Most people just jump in for “buy low sell high” (which is OK and understandable) without any interest in “liberty and absolute ownership characteristics of Cryptos/Bitcoin! That’s why most of them have "happily” complied with KYC, AML etc…and even jump for joy and into the trap of the so-called “stablecoins” which are (oxymoron) kind of similar to “gold/silver certificates” and the fiats themselves!
In cryptos/bitcoin.. either you have it or you don’t…if you have it/cryptos/Bitcoin you must have and exclusively hold the private-keys , which either you have and hold it or you don’t have it at all! And when you make a crypto/bitcoin transaction, no Bitcoin is moved since every single bitcoin is permanently in the blockchain for eternity as long as the “net” still exists, but only “ownership” of bitcoin being transferred from and to privat-keys!
My friend, How may users do understand this basic and powerful characteristics of cryptos/Bitcoin?
The point is Gold/Silver/Bitcoin have no “price”. They are deflationary by it very nature in term of availability of good and services that gold/silver/bitcoin is used to exchange for -NOT in term of fiats! But Governments controls the exchange and mode of exchange … even mode of production and consumption… and above all, make the Fiats/ “legal tender” as the only MOE thru brute force! Go figure!
Once the power of the State/Government restricted the function of such MOE via brute force, they put the “Fiat Price” on it.. then gold/silver/ bitcoin or anything become or subjected to be manipulated and controlled by the very ones who have more of fiats or control the supply of fiats, NOT the bitcoin itself!
LAST but NOT least, ask yourself, if people are not forced to use USD or any fiats to exchange for goods and services (buy and sell) can gold/silver or bitcoin be manipulated by anyone?
I hope my clumsy long answer would make sense and help you in someway!
As always, the last word is yours my good friend.
APPENDIX
https://supreme.findlaw.com/legal-commentary/in-paul-we-trust-do-the-new-liberty-dollars-bearing-candidate-ron-pauls-image-constitute-illegal-currency.html
https://mises.org/mises-wire/alan-greenspan-admits-ron-paul-was-right-about-gold
https://www.spokesman.com/stories/2007/nov/16/fbi-raids-seize-dies-records-in-cda/
https://theconversation.com/how-the-us-government-seized-all-citizens-gold-in-1930s-138467
I hope we will live to see the fiat system die. The only thing keeping it going are the fools who believe in it.
Very interesting insights my friend. I want to eventually leave the west and find a home that has real freedom instead of just the illusion that so many fools swallow. As far as my screen name goes, it represents wishful thinking on my part. The people are too passive and leaders too selfish. Yemen being one of the few exceptions. Nihilism has entered their hearts and their minds.
Before Islam, the arabs were the pawns of the Roman and Persian Empires. Today they have returned to that prior state if not worse. Pawns of the jew west and jew Russia