Elwar
08-29-2012, 01:14 PM
At this point, we know what will happen in November. Obamney will win the presidency and the US will go deeper into debt.
The United States government currently owes more than 17 trillion dollars in debt obligations. That is an average of 400,000 dollars for every person in the country. Those people who will never make 400,000 dollars to give to the government throughout their lives? Guess what? You are covering their share.
But there is a key word in there. 'dollars'
Where we need to go from here is to integrate our journey forward with leaving the dollar behind. We do not need to wait to "End the Fed". We do not need to call for a gold standard or competing currencies. The answer exists today, right now.
Every liberty loving American should must start transferring their dollars into bitcoins for day to day spending and perhaps a combination of bitcoins and gold/silver for long term savings.
If, at the very least, you do anything. At least learn how to use Bitcoins. It is very easy. Go to http://bitcoin.org/ and download the client and run it. Get some free bitcoins at https://freebitcoins.appspot.com/
The cheapest way to get bitcoins is at https://bitfloor.com/ The easiest way to get bitcoins is https://www.bitinstant.com/
Where can you spend Bitcoins? Anywhere that Visa is accepted with the bitinstant paycard( https://bitcointalk.org/index.php?topic=101838.0 ).
What would this mean for you or all of us as a whole? If we all use something like Bitcoin in our day to day lives, then the whole idea of the government owing 17 trillion dollars will be meaningless to us. They could print out a bunch of 17 trillion dollar bills and pay off our debt with no affect on us. The Federal Reserve would be a joke and anyone still stuck using dollars would be left with monopoly money.
I am not saying that it can be a quick transition. Personally, I plan on converting the day to day spending portion of my paychecks into bitcoins and then using the bitcoin Visa card for spending. Maybe even using that for any bills I can pay with a debit card.
For investments, there is a Bitcoin stock exchange where you can invest in companies using bitcoins and earn bitcoins in return. The return on many of these companies has been very good.
And if you have a large savings, converting to gold would be good for that.
The key is preparing ourselves by getting off of the dollar. At that point, the government can print whatever they want. What would we care.
tl;dr Screw the Federal Reserve. Use Bitcoins for day to day spending and Bitcoin stock exchange and gold/silver for long term investments.
The United States government currently owes more than 17 trillion dollars in debt obligations. That is an average of 400,000 dollars for every person in the country. Those people who will never make 400,000 dollars to give to the government throughout their lives? Guess what? You are covering their share.
But there is a key word in there. 'dollars'
Where we need to go from here is to integrate our journey forward with leaving the dollar behind. We do not need to wait to "End the Fed". We do not need to call for a gold standard or competing currencies. The answer exists today, right now.
Every liberty loving American should must start transferring their dollars into bitcoins for day to day spending and perhaps a combination of bitcoins and gold/silver for long term savings.
If, at the very least, you do anything. At least learn how to use Bitcoins. It is very easy. Go to http://bitcoin.org/ and download the client and run it. Get some free bitcoins at https://freebitcoins.appspot.com/
The cheapest way to get bitcoins is at https://bitfloor.com/ The easiest way to get bitcoins is https://www.bitinstant.com/
Where can you spend Bitcoins? Anywhere that Visa is accepted with the bitinstant paycard( https://bitcointalk.org/index.php?topic=101838.0 ).
What would this mean for you or all of us as a whole? If we all use something like Bitcoin in our day to day lives, then the whole idea of the government owing 17 trillion dollars will be meaningless to us. They could print out a bunch of 17 trillion dollar bills and pay off our debt with no affect on us. The Federal Reserve would be a joke and anyone still stuck using dollars would be left with monopoly money.
I am not saying that it can be a quick transition. Personally, I plan on converting the day to day spending portion of my paychecks into bitcoins and then using the bitcoin Visa card for spending. Maybe even using that for any bills I can pay with a debit card.
For investments, there is a Bitcoin stock exchange where you can invest in companies using bitcoins and earn bitcoins in return. The return on many of these companies has been very good.
And if you have a large savings, converting to gold would be good for that.
The key is preparing ourselves by getting off of the dollar. At that point, the government can print whatever they want. What would we care.
tl;dr Screw the Federal Reserve. Use Bitcoins for day to day spending and Bitcoin stock exchange and gold/silver for long term investments.