Obama expected to announce US-backed crypto currency in State of the Union?

[DieJohnny]

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."

[1715000653]

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[1715000653]

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[gentlemand]

You must be reading a different article.

[JimboToronto]

It's customary to put a question mark in the thread title if it's speculation.

[DieJohnny]

It's customary to put a question mark in the thread title if it's speculation.

Done! but this is the "speculation" section....:/

[glendall]

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.

[chessnut]

LOL how will they back it?
with printers or some german gold?

[JimboToronto]

LOL how will they back it?
with printers or some german gold?

http://en.wikipedia.org/wiki/Military%E2%80%93industrial_complex

[adamstgBit]

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

 

[chessnut]

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).

[Bitbuy]

I think he has more urgent & pressing issues to discuss 
It would've been nice though

[Holliday]

I know what I have in myRA!

[Buffer Overflow]

What would be the point of a centralised decentralised currency?

[Holliday]

What would be the point of a centralised decentralised currency?

It might be fun to watch it fight itself?

[gaston909]

Yes, its already in the pipeline!

Max Coin