Hello Thinkers!
Today I am presenting another fabulous design from SilverShield with a whole lot of meaning behind it.
Back in 1988, The Economist magazine grabbed many headlines with their prediction of economic collapse and a world currency by 2018. If you're on this platform, chances are you are well-aware of the cryptocurrency craze that may or may not have peaked last year. I was a young boy in 1988 and I have not read the article yet, but I am aware of what is at stake and why the banksters of the world would be interested in a one-world currency. Suffice to say this would not be in the best interests of freedom-loving people. The immutable ledger, if not highly-decentralized, is a powerful tool for the eventual enslavement of humanity. Like most technology, it can be used for good or for evil and it is up to society to determine if the risks are worth the perceived benefits.
Imagine a world where the only way to buy things is through use of a government-backed cryptocurrency. This Fed-Coin would work with a blockchain, or immutable ledger, that exists on a Dept of Homeland Security mega-database. If ever you don't pay taxes, or if ever you protest a little too loudly, or if ever you become affiliated with a certain counter-culture, or more generally fall out of favor with those in authority, you could be forced to behave, obey, and comply. The penalty for not doing so is that they simply shut down your account or delete/freeze your funds. Additionally, everything purchased, any money transferred, etc., would be clear as day to those in power. Combine this capability with the modern surveillance state we find ourselves in and the emerging predictive power of AI, and you can kiss your sweet freedom good bye. All your connections would be laid bare and one would have no recourse, nowhere to hide. We must not allow this to become reality.
How did we get here?
The first step in this sinister plan was to establish a central bank. I'll let you research your own history, but once a non-state entity controls the issue of currency, it controls the supply and demand for it, and thus the relative value of it. For thousands of years, the intrinsic value of precious metals and other value-consensus items were used to store wealth and transfer "money". So naturally, most state currency was backed by silver and gold and that is the only reason people accepted it for payment, at first. The next step in the grand plan was to break this relationship. No longer would money be backed by precious metals, but instead by Fiat, or government decree (ultimately backed by a huge military). Dollars have been subject to inflation ever since. Backed by nothing, they lose purchasing power every year. The advantage of precious metals is intrinsic value and a known store of wealth since ancient times. This gave way to the technology of paper money backed by gold. The advantage was convenience and less scarcity but we lost individual control and ceded power to the state. This gave way to the "technology" of Fiat currency. The advantage is now we had a lot more money supply that did not depend on PM holdings. The trade-off is inflation. The only remaining advantage is that cash can be private. With the new technology of blockchain, this also goes away, trading speed for privacy and reduced freedom.
There are many issues worth further discussion, but for the sake of brevity, I will stop here and look forward to your opinions and deeper insights in the comments. For now, I will simply say that these guys at SilverShield really get it. While I am still hopeful that cryptocurrency can help free us from the grasp of the Bankster financial system, we should all be watching carefully and prepare for any outcome. This is another reason to keep stacking the shiny stuff. Great for savings and great for getting prepared!
If not for the value, do it for the freedom! I remain bullish in Silver:
By the way, I have coin# 650 of a 6480 coin run. Not bad!
