26 Reasons Why I Will Never Support Bitcoin
By Silver Shield, on December 21st, 2013
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20. Then there is that anti government aspect of it. Really? It seems the Anglo American bankers love it, including Ben Bernanke and JP Morgan. It is right up their alley with something for nothing. They may crack down on Bitcoin only to launch their own brand. Look at the Lotto. They went after the mob for running numbers, but then made it legal for them to profit off of. They went after Charles Ponzi and then created their own Ponzi Scheme with Social Security. I am telling you Bitcoin or something just like Bitcoin will be used to sell to the people after the dollar collapse, a new electronic worthless currency. Who knows maybe we will get bonus points for watching TV and using it? They already have millions hooked on EBT cards, get the corporations involved and the government muscle and you could see the final realization of a digital currency where they can cut you off if you get out of line. How many stories do we already hear about bank bailins and IRS and NSA messing with people’s bank accounts. Having real wealth outside of the system is the only antidote for that.
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It’s the “intrinsic value” argument that hits me hardest.
In POW camps of WW2, cigarettes were “money”.
Gold and silver have the advantage of “intrinsic value”. Junk silver, (i.e., pre-1964 US coins), will be the money of TEOTWAWKI (The End Of The World As We Know It)!
The survivalist community plans to use ammo as money. As well as commodities, like liquor, can be barter fodder.
Remember barter will precede “money”.
So, save wealth in forms that are not paper!
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