$1400 goes alot further than i thought [651x1280 - 123KB]

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$1400 goes alot further than i thought [651x1280 - 123KB] (poal.co)

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[–] • 1 pt

I'm more of a believer in physical backed monetary systems.

Our credit problem lies with the debt notes not being backed by anything. And yes, interest plays a role in that, too. Even if you printed money backed by a commodity, the interest on the loan of that money, wouldn't be.

The solution would have to be debt notes back by real commodities as well as interest or fees for loans being backed by sonething real, as well.

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[–] • 1 pt

commodity currencies, a big fan as well. Except the USD was also a PBMS at one point, before it was silently dismantled

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