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Tag Archives: gold standard
From gold to paper to digital existence to nothingness…
Bitcoin is a Ponzi scheme—the Internet’s favorite currency will collapse. Slate – ERIC POSNER – April 11, 2013 An even more fundamental problem with bitcoins, and indeed any private currency, is that there is no way to limit its supply. … more
Posted in Economy, Money
Tagged bitcoin, digital money, e-gold, gold, gold standard, internet currency
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In Gold We Trust
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
Posted in Economy, Money
Tagged Bretton Woods, currency crisis, dollar, gold standard, Nixon
Comments Off on In Gold We Trust
