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    mk (mk@mastodon.satoshishop.de)'s status on Wednesday, 07-Aug-2024 12:46:50 JSTmkmk
    in reply to
    • Terry

    @Terry

    what's the problem that caused most of these things?

    spoiler: fiatmoney

    Since 1971, the world has been dependent on fiat-money like a whore on cocaine.
    https://mastodon.satoshishop.de/@mk/110070357003195891

    In the fiat-credit-money-system, new money is created by banks granting loans.
    https://mastodon.satoshishop.de/@mk/110979837928836433

    The oldest fiat-money currently is the “pound sterling” and it has lost 99.75% of its value compared to gold over the last 100 years.
    https://mastodon.satoshishop.de/@mk/112898481092097839

    sooner or later fiat-money always goes to zero.

    In conversationabout 6 months ago from mastodon.satoshishop.depermalink

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    1. https://mastodon.satoshishop.de/system/media_attachments/files/112/918/684/765/281/095/original/f463092210471173.png

    2. https://mastodon.satoshishop.de/system/media_attachments/files/112/918/685/090/225/385/original/86b5d9eda91d118f.png

    3. https://mastodon.satoshishop.de/system/media_attachments/files/112/918/685/604/719/351/original/7d87fdfb5bba8c12.png
    4. Domain not in remote thumbnail source whitelist: mastodon.satoshishop.de
      mk (@mk@mastodon.satoshishop.de)
      from mk
      Attached: 1 video @CoffeeFingers@noagendasocial.com yes. since 50 years. 1971 Richard Nixon "we must protect the position of the american dollar as a pillar of monetary stability around the world[..]american economy is by far the strongest in the world[..]i have directed the secretary of the treasury[..]to suspend temporarily the convertibility of the dollar into gold or other reserve assets" https://www.youtube.com/watch?v=4-cB1Z9qceI
    5. No result found on File_thumbnail lookup.
      mk (@mk@mastodon.satoshishop.de)
      from mk
      march 2017 richard werner 00:17:14 "if you give your money to a bank[..]this money is simply a loan to the bank[..]banks borrow from the public[..]deposit is simply a banks record of its debt to the public[..]banks create the moneysupply[..]79% of 'bank deposits'[..]created out of nothing[..]banks create the money supply by inventing these claims on themselves. these fictitious deposits." https://peertube.satoshishop.de/w/tRwM17m4uD6TmSyr8Jg23T?start=16m22s
    6. Domain not in remote thumbnail source whitelist: mastodon.satoshishop.de
      mk (@mk@mastodon.satoshishop.de)
      from mk
      Attached: 1 image @cjd@pkteerium.xyz it'll be funny to see how the usa tries to save their $usd shitcoin. every fiat-shitcoin eventually goes to zero. the UK pound sterling is currently the oldest fiat-money. "Since the suspension of the gold standard in 1931, sterling has been a fiat currency" https://en.wikipedia.org/wiki/Pound_sterling year - £ price for 1 ounce of gold 1924 - £4.68 2024 - £1903 in the past 100 years the pound sterling lost 99,75% of it's value against gold. https://www.chards.co.uk/gold-price/gold-price-history
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