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Title: Obama expected to announce US-backed crypto currency in State of the Union? Post by: DieJohnny on January 29, 2014, 01:27:21 AM http://edition.cnn.com/2014/01/28/politics/2014-state-of-the-union/index.html?hpt=hp_t1
"the President is also expected to unveil a proposal for a new type of account that allows Americans to save for retirement." Title: Re: Obama expected to announce US-backed crypto currency in State of the Union Post by: gentlemand on January 29, 2014, 01:30:56 AM You must be reading a different article.
Title: Re: Obama expected to announce US-backed crypto currency in State of the Union Post by: JimboToronto on January 29, 2014, 01:32:49 AM It's customary to put a question mark in the thread title if it's speculation.
Title: Re: Obama expected to announce US-backed crypto currency in State of the Union Post by: DieJohnny on January 29, 2014, 01:33:30 AM It's customary to put a question mark in the thread title if it's speculation. Done! but this is the "speculation" section....:/ Title: Re: Obama expected to announce US-backed crypto currency in State of the Union? Post by: glendall on January 29, 2014, 01:39:04 AM Lol. Not going to happen.
If the goal of those in government was to help the elderly, then maybe. But this is not the case. The goal of much of the monetary policy is to protect and enhance the asset portfolios of the mega-rich that run the country, everything is a secondary. The Federal Reserve, who create money, is a private company of which profits 6% for every dollar they create out of thin air. Why would they encourage alternate, logic-based monetary systems or policies that would weaken their own power? The banks have power over the government and it is one that is much more prevalent than elections, so they'll try to hang on to this until the collapse comes, which is inevitable, because our world economic policies are fundamentally flawed and continue to get changed only to benefit the few people on top who actually pull the strings. Title: Re: Obama expected to announce US-backed crypto currency in State of the Union? Post by: chessnut on January 29, 2014, 02:15:21 AM LOL how will they back it?
with printers or some german gold? Title: Re: Obama expected to announce US-backed crypto currency in State of the Union? Post by: JimboToronto on January 29, 2014, 02:19:10 AM LOL how will they back it? with printers or some german gold? http://en.wikipedia.org/wiki/Military%E2%80%93industrial_complex Title: Re: Obama expected to announce US-backed crypto currency in State of the Union? Post by: adamstgBit on January 29, 2014, 02:22:30 AM Quote He is expected to unveil a proposal for a new type of retirement account that would initially leverage Treasury bonds for those Americans with jobs that do not offer a savings plan. They would eventually be able to roll the bonds into a traditional Individual Retirement Account. don't have any savings? why not go Max leverage on Treasury bonds ;D Title: Re: Obama expected to announce US-backed crypto currency in State of the Union? Post by: chessnut on January 29, 2014, 02:33:39 AM LOL how will they back it? with printers or some german gold? http://en.wikipedia.org/wiki/Military%E2%80%93industrial_complex yeah but the free market still dictates value. there is a reason why the USD used to be backed by gold (and no good reason why it isn't anymore). the military cant change the state of the economy (not in a good way). Title: Re: Obama expected to announce US-backed crypto currency in State of the Union? Post by: Bitbuy on January 29, 2014, 07:12:51 AM I think he has more urgent & pressing issues to discuss :o
It would've been nice though Title: Re: Obama expected to announce US-backed crypto currency in State of the Union? Post by: Holliday on January 29, 2014, 07:25:04 AM I know what I have in myRA!
Title: Re: Obama expected to announce US-backed crypto currency in State of the Union? Post by: Buffer Overflow on January 29, 2014, 07:39:14 AM What would be the point of a centralised decentralised currency?
Title: Re: Obama expected to announce US-backed crypto currency in State of the Union? Post by: Holliday on January 29, 2014, 07:40:12 AM What would be the point of a centralised decentralised currency? It might be fun to watch it fight itself? Title: Re: Obama expected to announce US-backed crypto currency in State of the Union? Post by: gaston909 on January 29, 2014, 02:48:07 PM Yes, its already in the pipeline!
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