Tag Archives: gold standard

From gold to paper to digital existence to nothingness…

Posted on April 14, 2013 Author: A.C. Bhaktivedanta Swami

Bitcoin is a Ponzi scheme—the Internet’s favorite currency will collapse. Slate – – An even more fundamental problem with bitcoins, and indeed any private currency, is that there is no way to limit its supply. True, bitcoins cannot be manufactured … more →

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In Gold We Trust

Posted on August 18, 2011 Author: A.C. Bhaktivedanta Swami

Forty years ago, Nixon did away with the gold standard, and the value of the dollar was left to imagination, soaring high up into the sky like a hot air balloon, but the fire has gone out, and the balloon … more →

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