I don't think Bitcoin is for everyone…some of us dont live electronically, and dont want to.
And what Im worried about is the experiences I hear of novice users that don't move their coins immediately from the cache..(temporary hold after purchase..or whatever its called) and into their own protected account..have had hackers steal it right out of the account. No recourse..no one to call if a novice makes a mistake or even has a question… seems very problematic, and a breeding ground for crooks preying on innocents.
> “the discipline of tying our dollars to hard assets like Bitcoin will … also finally break our addiction to forever wars.”
But Bitcoin is not a hard asset. It's imaginary, just like fiat money is. And being the oldest of the crypto coins, it's got other problems that have been solved since.
Kennedy should be careful with this. I've heard one of the theories of the JFK assassination is that he was working on a money plan the banksters didn't like.
Bobby, you just lost me with your damning endorsement of greater fool theory fiat BITCOIN. Real money must be a store of value. BITCOIN has no intrinsic value, no value on its own. See Tulip Mania (1634-1637). GOLD and SILVER have intrinsic value as determined by God. The problem with the fiat DOLLAR is that it lost its intrinsic value when taken off the “gold standard.” Grave reasoning and grave mistake Bobby! Very disappointing!
The only thing that has plagued the US economy since Bretton Wood is the co-opting of the Federal Reserve by the commercial banks and the imposition of neoclassical/neoliberal laissez-faire economics that followed. Going to a technological version of the gold standard will not only not fix the situation but will likely send it into a terminal tailspin that will make the Great Depression look pleasant. So will trying to "balance the budget".
Ummm, I am trying very hard to believe what you say. However, RFK's stubborn adherence to Zionism-No-Questions-Allowed makes me wonder just how open his mind is to considering new information.
if he is presented with information that is contrary to what he believes currently he will look at it and examine it for what it holds that is different and he has said and i believe him that he will change his mind if its valid but as long as they print money we are screwed so we do need a different more transparent way for the worlds finances to work
Now we know how intelligent RFK Jr. really is. You can’t take a deep look into Bitcoin and not be completely transformed. Doubters should watch a few Saylor videos.
Unfortunately, what we know now is that Kennedy is a mark because if you are truly immune to cons and cults you can't take a deep look into Bitcoin and see that it is anything other than 100% a shiny high-tech fraud. Very unfortunate. Now - unless we want a "dear leader" who will destroy the Constitution entirely [read Peter Thiel, Patrick Deneen and Curtis Yarvin whose paths lead directly to Stalin] - we will all have to vote for the Democrats as the lesser, more manageable evil, again, and work like hell to keep what remains of our medical freedom and freedom of speech.
The Bitcoin is digital fiat.. If Chinese hackers Really want it, it is theirs., It is not safe.. If any team of sophisticated hackers really want it.. Gone in 6 seconds
I agree with much of what Kennedy stands for but not digital currency. That is a chimera and it is very disappointing to see this ordinarily highly intelligent man go down this path to nowhere. I fear this one material deviation from reality and common sense will entirely derail his chances and doom the country.
No, no, no (said in a friendly way). Printing money is what creates inflation. Inflation is evil (bad for the common person). We need to stop "solving" our problems with imaginary money.
If you have a total money supply of $10,000 and a magic fairly doubles this overnight to $20,000, as everyone has more money the prices of everything will rise as people compete to buy products.
Poverty can not be solved by printing money. Also I do not believe that socialism (giving money to the poor) is a solution either. That will just drag everyone down to a lower standard of living.
I am not only voting for but also campaigning for RFK Jr. However, I would be careful about recommending or even praising anything so new as Bitcoin. I have no trust in it and would never buy it. In fact, I've heard that surveillance is attached to it. Sounds like just part of the control grid to me.
The issuance of fiat money in the civil war prevented the government from having to borrow money from foreign banks at ruinous interest rates. Hard money made from precious metals is inherently deflationary and favors creditors over debtors. The problem with our financial system is not fiat money but the financing of government by the selling of bonds at interest (usury), which makes the debt unrepayable and shifts money from taxpayers (Joe & Josephine Average) to bond holders (rich people and institutions).
I don't think Bitcoin is for everyone…some of us dont live electronically, and dont want to.
And what Im worried about is the experiences I hear of novice users that don't move their coins immediately from the cache..(temporary hold after purchase..or whatever its called) and into their own protected account..have had hackers steal it right out of the account. No recourse..no one to call if a novice makes a mistake or even has a question… seems very problematic, and a breeding ground for crooks preying on innocents.
> “the discipline of tying our dollars to hard assets like Bitcoin will … also finally break our addiction to forever wars.”
But Bitcoin is not a hard asset. It's imaginary, just like fiat money is. And being the oldest of the crypto coins, it's got other problems that have been solved since.
Kennedy should be careful with this. I've heard one of the theories of the JFK assassination is that he was working on a money plan the banksters didn't like.
Bobby, you just lost me with your damning endorsement of greater fool theory fiat BITCOIN. Real money must be a store of value. BITCOIN has no intrinsic value, no value on its own. See Tulip Mania (1634-1637). GOLD and SILVER have intrinsic value as determined by God. The problem with the fiat DOLLAR is that it lost its intrinsic value when taken off the “gold standard.” Grave reasoning and grave mistake Bobby! Very disappointing!
Hi Tommy, did you know in 1971 the US dollar went off of gold? Read this article: https://open.substack.com/pub/keihatsu/p/how-the-us-government-is-driving?r=18xms4&utm_medium=ios
Agree. Trump has also endorsed bitcoins. Lookin for political donations?
The only thing that has plagued the US economy since Bretton Wood is the co-opting of the Federal Reserve by the commercial banks and the imposition of neoclassical/neoliberal laissez-faire economics that followed. Going to a technological version of the gold standard will not only not fix the situation but will likely send it into a terminal tailspin that will make the Great Depression look pleasant. So will trying to "balance the budget".
He is SO smart. He has obviously done a very deep dive into this topic he knew nothing about a couple of years ago by consulting the smartest people.
He will do this in everything necessary to pull us out of this nosedive.
Ummm, I am trying very hard to believe what you say. However, RFK's stubborn adherence to Zionism-No-Questions-Allowed makes me wonder just how open his mind is to considering new information.
if he is presented with information that is contrary to what he believes currently he will look at it and examine it for what it holds that is different and he has said and i believe him that he will change his mind if its valid but as long as they print money we are screwed so we do need a different more transparent way for the worlds finances to work
Now we know how intelligent RFK Jr. really is. You can’t take a deep look into Bitcoin and not be completely transformed. Doubters should watch a few Saylor videos.
Unfortunately, what we know now is that Kennedy is a mark because if you are truly immune to cons and cults you can't take a deep look into Bitcoin and see that it is anything other than 100% a shiny high-tech fraud. Very unfortunate. Now - unless we want a "dear leader" who will destroy the Constitution entirely [read Peter Thiel, Patrick Deneen and Curtis Yarvin whose paths lead directly to Stalin] - we will all have to vote for the Democrats as the lesser, more manageable evil, again, and work like hell to keep what remains of our medical freedom and freedom of speech.
The Bitcoin is digital fiat.. If Chinese hackers Really want it, it is theirs., It is not safe.. If any team of sophisticated hackers really want it.. Gone in 6 seconds
I agree with much of what Kennedy stands for but not digital currency. That is a chimera and it is very disappointing to see this ordinarily highly intelligent man go down this path to nowhere. I fear this one material deviation from reality and common sense will entirely derail his chances and doom the country.
Me too, he was my choice.
You people are ridiculous! Let us know when you find the perfect candidate!! #kennedy24
You are right Cindy. He is still probably the best choice. Have you seen anywhere he explains his reasoning?
The obvious solution to QE is for the Fed to hand the $$$ it prints to ordinary ppl to spend. Or, better yet, for Congress to just create the $$$ itself, w/out charging interest on it, as per the Constitution. https://diy.rootsaction.org/petitions/end-poverty-demand-a-ubi-equal-to-what-congress-pays-itself
No, no, no (said in a friendly way). Printing money is what creates inflation. Inflation is evil (bad for the common person). We need to stop "solving" our problems with imaginary money.
That's exactly what Those Who Currently Profit From the status quo want us to believe about printing money. Of course.
NOT IF IT'S DONE RIGHT does printing money create inflation. Please see: https://www.opednews.com/populum/page.php?p=1&f=This-Financial-Mess--Caus-by-Mike-Kirchubel-081227-842.html. Also, "imaginary" money could easily END POVERTY, which would cost us LESS than what we currently spend trying to deal w/ the effects of poverty: https://dandelionsalad.wordpress.com/2014/08/22/peak-inequality-the-01-and-the-impoverishment-of-society-by-david-degraw-the-economics-of-revolution/
Printing money is the definition of inflation.
Simple example:
If you have a total money supply of $10,000 and a magic fairly doubles this overnight to $20,000, as everyone has more money the prices of everything will rise as people compete to buy products.
Poverty can not be solved by printing money. Also I do not believe that socialism (giving money to the poor) is a solution either. That will just drag everyone down to a lower standard of living.
There are a ton of things that can be improved!
Read the articles.
Nothing new there. Is the system broken? Yes. Printing money isn't the answer.
Well, if you managed to read all that in 6 minutes, you didn't comprehend it.
https://www.facebook.com/share/r/zCLSMkizgs2sFt4b/?mibextid=oKfgLb
Bobby! Get with Ron Paul AND Peter Schiff!
All three of you are bright and principled men!
Let God be magnified!🕊️
Really disappointed to hear Kennedy's belief in Bitcoin and desire to tie it to the US economy. Disasterous possibilities.
Please read this article on Crypto currency just released.
Bobby should reconsider his support of Bitcoin. "Welcome to the Crypto Election".
https://www.levernews.com/
I am not only voting for but also campaigning for RFK Jr. However, I would be careful about recommending or even praising anything so new as Bitcoin. I have no trust in it and would never buy it. In fact, I've heard that surveillance is attached to it. Sounds like just part of the control grid to me.
I don't understand how bitcoin is a hard asset or an asset at all. This seems to me like insanity.
Bad idea. Most people do NOT understand what Bitcoin is. Perhaps Kennedy doesn't understand it either?
The issuance of fiat money in the civil war prevented the government from having to borrow money from foreign banks at ruinous interest rates. Hard money made from precious metals is inherently deflationary and favors creditors over debtors. The problem with our financial system is not fiat money but the financing of government by the selling of bonds at interest (usury), which makes the debt unrepayable and shifts money from taxpayers (Joe & Josephine Average) to bond holders (rich people and institutions).