Quote from: awozny on June 13, 2011, 09:59:21 AM

... Central banking cartels will lead to the destruction of all economies. This is no accident the collapse is by design and inevitable ...

Thank you, Andrew, for posting about these important topics.
I'm not sure the Bitcoin forum is the best place to find an audience, but maybe.
After all, we are concerned with a new form of money here.

Your comment about "collapse by design" is confirmed by many economic analysts whom I follow.
Also confirmed by history.
There may be a better explanation for what is happening than "collapse by design", but I have yet to find it.

Quote from: awozny on June 13, 2011, 09:59:21 AM

For the last century the USD has had the status of being the world reserve currency.

Not quite a century.
Only since July, 1944, when that agreement was made at the Bretton Woods Conference.
Still, it has been enough time to do plenty of damage.

Quote from: awozny on June 13, 2011, 09:59:21 AM

What if the fiat currencies of the world are designed to fail and failure is imminent. How does this impact the bitcoin economy? Does it empower and make this great cause an even better cause? Or does it make all this mining and trading fruitless?

You have very neatly summed up the essential questions.
I, too, have been searching everywhere for some answers.
The only answer I've come up with is that nobody has any answers.

So, at this stage, Bitcoin seems one possible way to diversify financial risk in the face of approaching chaos.
Still, Bitcoin does carry some risk, but less than holding US$ or Euro.

The entire financial rule set of the world is changing before our eyes.
What to do?
I'm placing some of my bets on Bitcoin.

Marcus

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