LAGARDE leary of 010101010101010.....

19 Sep 2021 10:45 #1 by homeagain
www.forbes.com/sites/billybambrough/2021...ion/?sh=57bffd7d2d2a

ECB PRES. LaGarde....does not like "funny money"......I'm befuddled,how does a string of 01010101010101010101's constituent currency????
IF cyber security was super high and everyone was DILIGENT on digital dollars,I could see the on trend tinder. THAT is not the case,we have
exactly the opposite scenario....HOW does this make good investing???

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19 Sep 2021 16:31 #2 by FredHayek
LOL, you think bits are funny currency, you should try "fiat currency". Keep those printing presses going. The Fed just creates more money in the economy if they decide it is needed and trims the money supply if they think inflation is too high. Money is no longer based on silver and gold.

Governments really don't like bitcoin and its friends because it is competition for their own paper money. Plus they don't like that bitcoin can make it harder to track exchanges.

Thomas Sowell: There are no solutions, just trade-offs.

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