Current Events > My conservative grandpa said that the gold standard was the perfect system.

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Orlando_Jordan
01/14/21 2:05:47 PM
#1:


And now that America isn't on the gold standard, inflation will keep devaluing the US dollar.

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CultOfGary
01/14/21 2:06:44 PM
#2:


Inflation in a FIAT system on a global reserve currency is an unproven myth
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Old NoiseTank
01/14/21 2:10:45 PM
#3:


shut the fuck up, grandpa

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EndOfDiscOne
01/14/21 2:15:01 PM
#4:


This is why you buy Bitcoin

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Orlando_Jordan
01/14/21 2:17:54 PM
#5:


EndOfDiscOne posted...
This is why you buy Bitcoin
Yes. Grandpa's conservative wisdom and my tech-savvy knowledge are the perfect recipe for success.

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Jabodie
01/14/21 2:21:33 PM
#6:


My grandma always said "be sure to have a diversified portfolio of alt coins. since we left the gold standard, there's nothing behind the fiat system. at the very least cryptocurrencies like bitcoin have well understood supply limitations, and cannot be manipulated by an organization like the Fed destroying your savings. add to that features like smart contracts and it's obvious crypto is the future." May she rest in peace.

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Orlando_Jordan
01/14/21 3:50:30 PM
#7:


Jabodie posted...
My grandma always said "be sure to have a diversified portfolio of alt coins. since we left the gold standard, there's nothing behind the fiat system. at the very least cryptocurrencies like bitcoin have well understood supply limitations, and cannot be manipulated by an organization like the Fed destroying your savings. add to that features like smart contracts and it's obvious crypto is the future." May she rest in peace.
Your grandma was very smart.

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SauI_Goodman
01/14/21 3:55:52 PM
#8:


Lol bitcoin. Ill take cash thank you very much

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Orlando_Jordan
01/14/21 3:59:11 PM
#9:


SauI_Goodman posted...
Lol bitcoin. Ill take cash thank you very much
Our cash won't be worth the paper its printed on if we keep printing money, giving away billions in foreign aid, and funding the UN.

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Shadowplay
01/14/21 4:02:20 PM
#10:


Orlando_Jordan posted...
giving away billions in foreign aid
This is how you know someone is either trolling or woefully uninformed about the Federal budget, folks.

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berlyman101
01/14/21 4:04:31 PM
#11:


idk about the gold standard but I really am concerned about the fed keeping interest rates at 0. inflation doesn't stop just because interest rates are 0. then again the banks don't give interest anymore anyway and we have portfolio managers as ersatz banks now so you can't really win for losing.

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