Bitcoin Forum

The fact that many countries accept as a principle dollars being as good as gold for the payment of the differences existing for their advantage in the American balance of trade.

This very fact leads Americans to get into debt, and get into debt for free at the expense of other countires at least in part with dollars only they are allowed to emit.

Considering the serious consequences a crisis would have under such a system we think that measures must be taken in time to avoid it.

We consider necessary that international trade be established as it was before the great misfortunes of the world on an indisputable monetary base, one that does not bear the mark of any particular country.

Which base?

In truth, who can see, how one can have any real standard critereon, other than gold?