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    Economics: Why are mainstream views different from reality?

    I like cryptic messages when i am the one who is giving it :D But for now, could you please give your preferential system? I sure did mention that each has it's own disadvantages. Basket of metals or others is just a good start as i mentioned before, not the end product. If we can manage to...
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    Economics: Why are mainstream views different from reality?

    It is indeed possible. The question we have to ask is what difference between the newly created currency and the current currency like Euro be? Euro is a tightly integrated currency which has a certain set of rules and regulations by which it won't let the member countries go out of sync beyond...
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    Economics: Why are mainstream views different from reality?

    Backtracked? No. Decrypted? Yes :) People may flock to different currencies when there is a problem. But considering the number of times, the monetary system changed till now, due to the imperfections, it is safe to assume that one person's investment over his/her life time in a particular...
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    Economics: Why are mainstream views different from reality?

    I already mentioned in my post before, that we are not yet ready for the pure virutally derived currencies like bitcoin for the obvious reasons like what you mentioned. They are energy intensive and is taxing on the environment. I also mentioned that we still need some more technological...
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    Economics: Why are mainstream views different from reality?

    I am a Ron Paul supporter but i don't blindly support everything without a reason. Ron Paul supporter doesn't automatically means a blind gold standard supporter. Any currency in circulation has to be backed by some tangible assets. Be it gold, silver or some other metals or something else which...
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    Economics: Why are mainstream views different from reality?

    Perfectly put. Those who are indoctrinated by the current financial logics cannot mould their thought process to see the facts. And then they wonder why they couldn't figure out the possible recessions. The simple fact is if there is no debt, there wouldn't be any money in the current perpetual...
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