I always understood why people who are critical of the Fed/central banking and the digitized printing press gravitated toward hard assets/gold. Yet now, a lot of those people have moved to something even less secure and more abstract than what they were trying to get away from. It's created an interesting division in the alt economic blog world.

This post was edited on 5/23/17 at 10:17 am

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Posted by Broke

AKA Buttercup

Member since Sep 2006

65065 posts

Posted on 5/23/17 at 10:24 am to Bunk Moreland

quote:
Yet now, a lot of those people have moved to something even less secure and more abstract than what they were trying to get away from. It's created an interesting division in the alt economic blog world

I honestly think it's a lack of anything that isn't controlled by .gov that attracts attention. And probably for good reasons. We know the Fed manipulates currency via policy/regulations. BUT the majority of people hope they do it in conjunction with Fiscal Policy to help the overall economy. We like living in our little bubbles and don't like the boat to get rocked. There are a lot of skeptics who believe it's done to make unnamed bankers/Wall Street/Politician types incredibly rich.

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Posted by Bawser

Member since Dec 2016

225 posts

Posted on 5/23/17 at 11:17 am to Bunk Moreland

Bitcoin is a bubble at this point, and will lose a lot of greedy people in this world a ton of money. The smart ones will cash out and keep their money in a stable world currency backed by regulations & government, supported by a real economy and real companies.

Bitcoin is a get rich scheme intended for criminals/lowlifes, aka people who don't want to really work and earn wages for a living.

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