Quote from: realr0ach on January 15, 2018, 02:02:58 AM

AlexGR, you don't seem to understand the fact that paper money, especially fiats issued as debt, always implode and then people enter the vaults to square up the existing debts and claims vs a new peg. You either balance the existing debts and claims vs a new peg, or anyone that bought a $500,000 house and paid with a NINJA loan and still owes $499,999 gets a free house.

If you think about it, it's similar to buying some silver, reselling it a bit later and getting a free house Cheesy

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Without balancing the existing debts and claims vs metals as the new peg, and thus vastly inflating the price of the metals, you would also have complete disintegration of most nations into some type of 500 BC lawless plunder and shooting because there is no consensus on who owns what, etc etc. It doesn't matter if you think some people will make too much money by holding metals or whatever, it will happen because it's the only possible thing that can happen.

They have an alternate scenario for debt... they'll say the current system is problematic and needs a "reset". During this "reset", a large portion of the debt will get erased, as long as citizens and countries accept a new global monetary system... the new monetary system will be a totally electronic one (centralized) so that everyone gets under a system of total surveillance and control, where cash doesn't even exist. If you did as much as getting a parking ticket, or if they have a suspicion of you doing something weird, they'll be able to just turn off your unique id that allows you to make txs, as a punishment. You won't even be able to buy food if you don't comply to any government authority. That's the way individuals will lose their freedom. And countries will lose their own by surrendering their right to print money to a centralized global "issuer" that "promises" to be "responsible" with the monetary policy - which in turn will require tight fiscal policies from all the countries that "owe" (a fraction of their old debt - which will still be unserviceable). And all these policies will also "require" control on alternate payment means (PMs, crypto, etc) so as to ensure the chances of survival for the new system.

The problem of a full-blown electronic system (mainstream) is that it creates a gatekeeper for money flowing into and out of PMs (and crypto). We are seeing "hints" of this when credit cards, paypal, banks etc etc, prevent money flowing in or out of crypto. Now this could go to a situation of total control or even legal penalization if one attempts it under the new global electronic currency.

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The numbers I stated were only a 20-40x for silver. You seem to make believe that's an illogical and huge amount when people just bought bitcoins for $1 each and then resold them for a +20,000x a few years later. The only difference is, it's a hell of a lot safer going all-in on silver than btc.

No I don't think it's illogical, actually (real-)inflation adjusted for the 50$ price in the 80's, a similar peak today should be at least 300$. And that doesn't even require settlements through PMs - just a similar spike under "normal" conditions. I just don't think it's likely without some anomaly.