If money is broken, because it is printed from nothing and has no fixed worth (“an inch is whatever we want it to be!”), how do we fix it?
We simply go back to honest weights and measures.
We don’t need dollars anymore at all. We can go to a completely precious-metals based economy very easily.
How? Well, without needing to carry gold and silver around, we can use digital gold and digital silver.
How does that work?
e-gold was a system that had an amount of gold in storage, of which you could buy any increment.
You could buy .000001 ozt of gold if you wanted to. You could send that amount to anyone else. (Or silver). In other words, it was honest money, infinitely divisible, honestly managed.
The government, like all systems that promote freedom, honesty, and personal power, shut it down.
Why? The excuse was that it could be used by criminals. The truth is that the true criminals are in Washington DC and the Vatican and the City of London and the boardrooms of major companies. Read the Seven Essays to understand who is against you and who is for you.
Yes, it could get hacked. Someone could send all of your money–just like crypto–and leave you with an empty wallet. Unrepudiatable. There could have been solutions built for that.
But, if drug dealers and criminals are using a system, isn’t that a good thing? Doesn’t it make them easier to find?
Again, the greatest drug dealers are the pharma companies. And they don’t like competition. So e-gold had to go.
And crypto (a horrible solution) replaced it.
But, e-gold could be (and is being) built again. There are systems like GoldMoney and Kinesis and many more that do basically the same thing today.
As our currencies collapse, these systems will become more popular and doubtless the solutions for choice for people fleeing the old systems.
FAQ:
https://www.brusselsreport.eu/2021/04/13/the-fate-of-e-gold-as-a-warning-to-cryptocurrencies/
https://medium.com/coin-story/coin-perspective-7-douglas-jackson-913d1985e9fa
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