Welcome To The Crack-up Boom - Does Bitcoin Now Compete with the US$, page-27

princey37,

A couple of problems I have with the USofA.

One .............. it is Governed by a Rogue State Mentality

and

Two................ old habits die hard. That is to say that 10 x or 20 x re-hypothecation and at the same time pretending to be backed by a Commodity close to 1:1 are just not going to work. It's either one or the other............... and we already know that Re-hypothecation ends in Inflation and a next to worthless currency

The Banking System will have to dramatically change if Commodities are going to be the backing of a Sovereign Currency or World Reserve Currency.