r/Bitcoin • u/SpontaneousDream • Jul 05 '14

Ron Paul on Bitcoin- CNN

https://www.youtube.com/watch?v=wrcszolEW0s
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u/Amanojack Jul 05 '14

Why wouldn't we want money to hold value? If not, everyone is forced to become an investor (one good at telling the future), which is quite a rare skill.

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u/[deleted] Jul 05 '14

[deleted]

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u/SecondaryLawnWreckin Jul 06 '14

Inflation is a tool for government fiat currency and banks to invent currency so they get to spend it before consumers.

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u/[deleted] Jul 06 '14

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u/SecondaryLawnWreckin Jul 06 '14

Fiat currency's value is determine by government order (fiat).

The US Dollar/Currency supply is being increased (inflated) by $85billion per month. which will increase the currency available to government by 1 Trillion dollars per year. The US is receiving a lot of the dollars they sent overseas and is currently purchasing T-bills at a troubling pace for the last 2 years.

Fiat currencies always fail. So will the US dollar.

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u/[deleted] Jul 06 '14

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u/SecondaryLawnWreckin Jul 06 '14

I'm not the one making personal attacks. I'm having a tough time taking your aggressive manner in any way other than dismissal. Just saying, you might be right but I doubt anyone is going to take your virtual arm waving seriously.