ECB’s Inflation Fight May Knock Out the Dollar – Ep 839
The Peter Schiff Show Podcast
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Cryptocurrency Backed by Gold
i agree that if you're going to have a crypto currency, it needs to be backed by something. It can't be backed by nothing. But i disagree that you want to back your crypto currency by the dollar, or the urea or any other fiat curency. Because if the dollar isn't a viable long term store of value, then neither is a crypto currency that's backed by the dollar. So what we really need, and what the public needs, are crypto currencies backed by real money, backed by gold. We know that gold works as a medium of exchange and a unit of account because it has worked in the past. When we were on a gold standard, everybody
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