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Author Topic: Anyone can respond to this guy?  (Read 1143 times)
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April 20, 2011, 12:37:47 AM

Gosh I HATE thos blogs where you can't comment without registering to some crappy website.

Anyone can tell this guy that bitcoinbugs don't trust ANY national currencies, not just USD?
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April 20, 2011, 03:15:01 AM

a new firm called BitCoin

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April 20, 2011, 04:19:46 AM

1. You still have to pay capital gains taxes.  A short-term capital gain regardless of how long you hold it.

2.  All the currencies he mentions have inflated too.

Canadian dollars  >1000% since 1971
Australian dollars >1000% since 1971
Euros >100% since 1998
Mexican Pesos - no data but sure it is up
Swiss Francs  >300% since 1971
British Pounds > 600% since 1971
Swedish Krona - no data but like all governments it is up

But you get the point, government uses currency inflation as a means to tax since it is hidden and there is generally about a 4 year lag before the price inflation hits. 

The best stimulus you can give your country is a deflation rebate, balanced budgets and surpluses.
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April 20, 2011, 04:40:02 AM

Mexican Pesos - no data but sure it is up

Yes, regardless with popular belief we are very tidy with information. Tongue
We even have an easy to use calculator. Cheesy

Which ends up being 586,864.65% in 40 years, from march 1971 to march 2011, with an average monthly inflation of 1.82%.
Note: The Mexican Peso lost 3 zeros in 1991. Wink

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