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Thread: CBS: Should the United States ditch the dollar?

  1. #1

    CBS: Should the United States ditch the dollar?

    "According to the Federal Reserve, Americans still use cash more frequently than any other payment method, but could the rise of cryptocurrencies change that? Duke University finance professor Campbell Brown argues that the United States should ditch paper currency for fully trackable national version of Bitcoin. "


    The digital dollar is a bad idea because you can make an exact replica of it, we need block chain because it can't be duplicated or copied and it prevents counterfeiting.



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  3. #2
    There is no evasion of taxes!

  4. #3
    So it begins, the push for the Fedcoin by the msm, as Doug Casey predicted:

    https://secure.caseyresearch.com/cha...d=&step=start#

    You can click on Transcript version for more details

  5. #4
    Quote Originally Posted by Champuckett View Post
    So it begins, the push for the Fedcoin by the msm, as Doug Casey predicted:
    It didn't take a rocket scientist to see it coming. Those that thought we were really being offered some amazing new anonymous currency were either shills or really, really naive.

    -You will not be allowed possession of anything tangible. The reality of being a slave will re-emerge in its true form. You will possess NOTHING. Everything will be vaporware or rental only, just enough to sustain life as a slave.-

    ----------------------
    https://www.fuqua.duke.edu/faculty/campbell-harvey

    Campbell R. Harvey is Professor of Finance at the Fuqua School of Business, Duke University and a Research Associate of the National Bureau of Economic Research in Cambridge, Massachusetts {d21: Home of MIT, where much of the deep state tech is developed under DARPA grants}. He served as President of the American Finance Association in 2016.

    Professor Harvey obtained his doctorate at the University of Chicago in business finance. He has served on the faculties of the Stockholm School of Economics, the Helsinki School of Economics, and the Booth School of Business at the University of Chicago. He has also been a visiting scholar at the Board of Governors of the Federal Reserve System. He was awarded an honorary doctorate from Svenska Handelshögskolan in Helsinki. He is a Fellow of the American Finance Association.

    Harvey received the 2016 and 2015 Best Paper Awards from The Journal of Portfolio Management for his research on distinguishing luck from skill. He has also received eight Graham and Dodd Awards/Scrolls for excellence in financial writing from the CFA Institute. He has published over 125 scholarly articles on topics spanning investment finance, emerging markets, corporate finance, behavioral finance, financial econometrics and computer science.

    Harvey is a Founding Director of the Duke-CFO Survey. This widely watched quarterly survey polls over 1,500 CFOs worldwide.

    Harvey serves as the Investment Strategy Advisor to the Man Group plc, the world’s largest, publicly listed, global hedge fund provider.

    Harvey edited The Journal of Finance – the leading scientific journal in his field and one of the premier journals in the economic profession from 2006-2012.

    Over the past four years, Professor Harvey has taught “Innovation and Cryptoventures” at Duke University. The course focuses on blockchain technology covering both the mechanics of blockchains as well as practical applications of both public and private implementations.
    Dannno? Mordan? Anybody? Where's the bitcoin cheerleaders?
    Last edited by devil21; 08-26-2018 at 08:52 PM.
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    Visiting the Outer Banks of NC?
    Outer Banks NC Fishing Boat Rentals

  6. #5
    I'm so comforted that the financial elite have taken it upon themselves to deny electronic financial services to the undeserving just in time for all financial transactions to be electronic, now we can finally have a society purified of deplorables, let us pray that this all comes to pass SWIFTly.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  7. #6
    You can try to take my bitcoin from my cold dead hands.

    The genie is out of the bag, too much crypto out there to not continue to be used even if it becomes outlawed.
    “…let us teach them that all who draw breath are of equal worth, and that those who seek to press heel upon the throat of liberty, will fall to the cry of FREEDOM!!!” – Spartacus, War of the Damned

    BTC: 1AFbCLYU3G1dkbsSJnk3spWeEwpqYVC2Pq

  8. #7

    Account Terminated

    Mark of the Beast, 666.

    Sanctioned, account banned.



    All your money R belong to us.
    DACA S**thole Dreamers - Make America Great Again?

  9. #8
    Quote Originally Posted by kpitcher View Post
    You can try to take my bitcoin from my cold dead hands.

    The genie is out of the bag, too much crypto out there to not continue to be used even if it becomes outlawed.
    Just wait until the power of the state is aimed at hacking it.

    If you can't hold it you don't own it.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment



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  11. #9
    In the video, Professor Harvey dismisses critics of his idea as irrational dinosaurs essentially. He completely dismisses very valid concerns over the tyranny of monopoly control over economic transactions. smh.
    I compiled a "brief" history of events since October 2008 that are defining the global currency war and the role that gold is playing:

    Tin Foil Hats, Economic Reality and the Total Perspective Vortex

    Also, have you contacted your Congressional Rep and asked them co-sponsor Ron Paul's Rep. Paul Broun Jr.'s HR 1098 77: Free Competition in Currencies Act?

  12. #10
    Quote Originally Posted by kpitcher View Post
    You can try to take my bitcoin from my cold dead hands.

    The genie is out of the bag, too much crypto out there to not continue to be used even if it becomes outlawed.
    I wish I could believe that.
    "The Patriarch"

    Quote Originally Posted by Swordsmyth View Post

    Not going to happen.
    Quote Originally Posted by Schifference View Post
    The man did not think clearly. It was almost as if he had brain cancer of something.
    Quote Originally Posted by oyarde View Post
    I missed out on the dick pills , they any good ?

  13. #11
    Quote Originally Posted by kpitcher View Post
    You can try to take my bitcoin from my cold dead hands.

    The genie is out of the bag, too much crypto out there to not continue to be used even if it becomes outlawed.
    Is crypto actually used for anything other than hoping to sell it to somebody else for more than you paid for it? i.e actually using it for purchasing goods and services?
    Donald Trump: 'What you're seeing and what you're reading is not what's happening'

    "Truth isn't truth"- Rudy Giuliani

    "China has total respect for Donald Trump and for Donald Trump's very, very large brain," - Donald Trump.

    I am Zippy and I approve of this post. But you don't have to.

  14. #12
    Quote Originally Posted by Zippyjuan View Post
    Is crypto actually used for anything other than hoping to sell it to somebody else for more than you paid for it? i.e actually using it for purchasing goods and services?
    Yes.
    "He's talkin' to his gut like it's a person!!" -me
    "dumpster diving isn't professional." - angelatc


    "Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul

    "Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."

  15. #13
    Quote Originally Posted by devil21 View Post
    Dannno? Mordan? Anybody? Where's the bitcoin cheerleaders?
    Just be grateful we have decentralized independent cryptos like bitcoin out there as alternatives to the fedcoin. Otherwise, what could we really do to fight it?
    "He's talkin' to his gut like it's a person!!" -me
    "dumpster diving isn't professional." - angelatc


    "Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul

    "Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."

  16. #14
    Quote Originally Posted by Zippyjuan View Post
    Is crypto actually used for anything other than hoping to sell it to somebody else for more than you paid for it? i.e actually using it for purchasing goods and services?
    I use is regularly. Some could be called half baked crypto purchases by using a bitcoin backed debit card, others are pure crypto paying for goods and services directly with various crypto.
    “…let us teach them that all who draw breath are of equal worth, and that those who seek to press heel upon the throat of liberty, will fall to the cry of FREEDOM!!!” – Spartacus, War of the Damned

    BTC: 1AFbCLYU3G1dkbsSJnk3spWeEwpqYVC2Pq

  17. #15
    Quote Originally Posted by dannno View Post
    Yes.
    Most do not use Bitcoin for purchases. Do you spend yours regularly?

    https://www.bloomberg.com/news/artic...-spend-bitcoin

    A little more than four years ago, Coupa Café, a caramel-macchiato joint in Palo Alto, began accepting bitcoin. This was shortly before the first big bitcoin rush briefly pushed the cryptocurrency’s price from about $100 to more than $1,000. At the time, two or three Coupa customers a week would pay their bills with bitcoin, says co-owner Camelia Coupal. Today, the number is ... still two or three people a week. “It’s a really minimal part of our sales,” she says. “It’s really just a quirky thing for our customers.”

    That’s the story of bitcoin this past year: The cryptocurrency has made fortunes for speculators, but—for that reason and others—it hasn’t been much use as a medium of exchange. Except in countries such as Venezuela, where inflation makes the local money even more volatile than bitcoin prices, its use by online merchants is virtually zero and shrinking, according to Morgan Stanley. When businesses like Coupal’s started accepting bitcoin, advocates predicted it would eventually replace money. Those voices have grown quiet. “The value of bitcoin is really predicated on its being a useful means of transactions,” says Jacob Leshno, an assistant professor at Columbia Business School. “If you take that away, all you are left with is a bubble asset.”
    Donald Trump: 'What you're seeing and what you're reading is not what's happening'

    "Truth isn't truth"- Rudy Giuliani

    "China has total respect for Donald Trump and for Donald Trump's very, very large brain," - Donald Trump.

    I am Zippy and I approve of this post. But you don't have to.

  18. #16
    Quote Originally Posted by Zippyjuan View Post
    Most do not use Bitcoin for purchases. Do you spend yours regularly?

    https://www.bloomberg.com/news/artic...-spend-bitcoin
    Fairly regularly, but what does that matter? The point is that it is there for when it needs to be. At that time, when it needs to be used and there is a tipping point and people decide to use it, the value will increase immensely and it will be used primarily for making purchases.

    It is a much better alternative to what we currently have.
    "He's talkin' to his gut like it's a person!!" -me
    "dumpster diving isn't professional." - angelatc


    "Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul

    "Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."



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  20. #17
    Quote Originally Posted by dannno View Post
    Just be grateful we have decentralized independent cryptos like bitcoin out there as alternatives to the fedcoin. Otherwise, what could we really do to fight it?
    Cash/PMs/Checks&Money Orders.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  21. #18
    Quote Originally Posted by dannno View Post
    Just be grateful we have decentralized independent cryptos like bitcoin out there as alternatives to the fedcoin. Otherwise, what could we really do to fight it?
    You still believe that load of bs even when the evidence that bitcoin is a conditioning tool is right there obvious to everyone else?? The entire purpose of the bitcoin mania was to introduce the notion of "Fedcoin" into the mainstream. Plain as day.
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    Visiting the Outer Banks of NC?
    Outer Banks NC Fishing Boat Rentals



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