It was only a couple of years ago that outside of a few anarcho-capitalist and libertarian circles Bitcoin was completely unknown. Times have changed.
Failed it did. But perhaps it was for the best.
The big banks and governments don’t want the Swiss people to reback their money 20% with gold. What does that tell you?
Gold is real money. Paper is not. Gold doesn’t rise and fall in price (generally). Paper becomes more or less valuable relative to gold. This concept is lost on the general public. It is not lost on the bankers and the folks in government.
The establishment fears gold money. It reins in their power. Thus the reason they fight gold so ardently and why they are fighting it online and in newspapers today.
This article pertains to gold and platinum. Investigators are looking into other metals. I will be very interested to see what they find around silver.
Here’s hoping the Swiss do the right thing and return to at least partial backing of the Swiss Franc by gold.
Why are sound money and liberty linked? Why are some conservatives against sound money?
The Swiss people may vote to once again partially back their currency with gold. This is a fantastically good idea. I know I will find a way to own at least a few Swiss francs if that happens.
In the attached article Glenn Reynolds examines the new, increasingly stratified America.
We’ve had an amazing run in the markets and many people think the bull will just keep on running. Maybe so. But eventually every bull runs out of steam even ones which are fed by the Fed.