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    Mr Penguin (mr_penguin@social.freetalklive.com)'s status on Saturday, 01-Feb-2025 07:46:45 JSTMr PenguinMr Penguin
    in reply to
    • untanky

    @untanky

    Hmm, yea, sounds like your a degenerate who thinks he knows a thing or to, but does not. The government created fiat currencies and stole the real value long ago, but none the less there are other means of exchanging value outside the governments control and/or creation. Money isn't defined as government created fait. Money didn't start as government created fiat. Your lacking in the history of money and modern fiat. Other forms of value transfer that exist today include cryptocurrency and goldbacks. The later are bills fabricated by private entities infused with actual gold. They are pretty popular in the freedom friendly New Hampshire. Beyond this other things of value that can and are being used as value transfer mechanisms. It is why the US can't actually stop trade via sanctions and cutting off countries like North Korea, Russia, Venezuela despite controlling the means by which countries transfer value. Sanctions evasions come in many forms, but one of the obvious forms is oil transfer and currency swaps. Oil transfers let Russia avoid the US controlled international value transfer system and move significant amounts of value.

    In conversationabout 11 months ago from social.freetalklive.compermalink
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GNU social JP is a social network, courtesy of GNU social JP管理人. It runs on GNU social, version 2.0.2-dev, available under the GNU Affero General Public License.

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