Conquer Club

Posted: **Mon Aug 17, 2020 12:50 pm**

"The four main reasons that the NWO want to implement a cashless society are as follows. One is that the banks can take a cut even of the smallest transactions. Another is so that no-one can enter into financial transactions that are not subject to the scrutiny of the State and therefore they cannot escape the taxation dragnet. Still another is to prevent bank account holders from withdrawing cash and possibly triggering runs on banks, and the fourth big reason is that banks will be free to impose negative interest rates, which is a polite way of saying that they are going to plunder your accounts, and if they are in a really bad mood they can resort to bail-ins – outright theft from customers’ accounts. A cashless society therefore means that the banks have absolute financial power over you and your life. No wonder they want to introduce it.

Clive Maund

Posted: **Mon Aug 17, 2020 1:18 pm**

Stack up silver, cash and 6 months of food by December.

As seen in Chicago looting happens. If 1 or 2 grocery stores in your city are looted the others will be picked clean by shoppers quickly. You'll be a have or have not.

Posted: **Mon Aug 17, 2020 2:39 pm**

silver price has crashed, I guess that was your own advice, not God's.

Posted: **Mon Aug 17, 2020 2:42 pm**

jonesthecurl wrote:silver price has crashed, I guess that was your own advice, not God's.

"...by December" - read please

Today's silver $27.55
1 month ago silver $19.73

Crashed???

Posted: **Mon Aug 17, 2020 6:11 pm**

worth noting... God prefers Ethereum to Silver!

Today's silver $27.55
1 month ago silver $19.73
% increase = 39%

bitcoin price today $12,388.50
bitcoin price 1 month ago $9,175.85
% increase = 35%

Ethereum price today $439
Ethereum price 1 month ago $235.80
% increase = 86%

Orchid price today $.618
Orchid price 1 month ago $.186
% increase = 330%

Posted: **Mon Aug 17, 2020 7:20 pm**

how the f*ck am i supposed to buy cocaine w/a credit card? fucking retarded... :roll:

Posted: **Mon Aug 17, 2020 9:04 pm**

Aren't you getting a little old for that shit?

Posted: **Mon Aug 17, 2020 9:09 pm**

Dukasaur wrote:Aren't you getting a little old for that shit?

how old is too old for nose wheelies, Duk?

Posted: **Mon Aug 17, 2020 10:06 pm**

riskllama wrote:how the f*ck am i supposed to buy cocaine w/a credit card? fucking retarded...

Does you dealer take silver?

Posted: **Mon Aug 17, 2020 10:07 pm**

Cryptos have been interesting, personally I discovered bitcoin at $3 american, it ran to 20 k and dropped to 3k.
We'll see where it goes.

Cryptos are a completely dif animal from silver,
(as far as I know) crypto has no intrinsic value, without silver we go back to the stone age.

cryptos do not meet the criteria for money, the world has used silver money for about 5k years.

1965 gas price 30 cents, 3 dimes,..... today gas price $2-$3 a gallon, 3 1965 dimes today between $1-$2ea = change from your 3 dimes for a gallon of gas.

I agree with you Hitred about owning some silver.
As far as Im concerned its about the most undervalued asset there is right now.

Posted: **Mon Aug 17, 2020 10:33 pm**

armati wrote:Cryptos have been interesting, personally I discovered bitcoin at $3 american, it ran to 20 k and dropped to 3k.
We'll see where it goes.

Cryptos are a completely dif animal from silver,
(as far as I know) crypto has no intrinsic value, without silver we go back to the stone age.

cryptos do not meet the criteria for money, the world has used silver money for about 5k years.

1965 gas price 30 cents, 3 dimes,..... today gas price $2-$3 a gallon, 3 1965 dimes today between $1-$2ea = change from your 3 dimes for a gallon of gas.

I agree with you Hitred about owning some silver.
As far as Im concerned its about the most undervalued asset there is right now.

As you said it ran to 20k and fell to 3k, now it's back at $12.5k. The 5 year ROI on bitcoin is higher than owning silver for 100 years. Silver price adjusted for inflation is almost exactly where it was 100 years ago in terms of price. I wouldn't compare bitcoin to silver anyway, I would compare it to gold.

Posted: **Mon Aug 17, 2020 10:47 pm**

mookiemcgee wrote:
riskllama wrote:how the f*ck am i supposed to buy cocaine w/a credit card? fucking retarded...

Does you dealer take silver?

I wonder what the marijuana conversion rate to cocaine is...

Posted: **Tue Aug 18, 2020 4:02 am**

riskllama wrote:
Dukasaur wrote:Aren't you getting a little old for that shit?

how old is too old for nose wheelies, Duk?

I don't know. Last time I did it, I was twenty-one. Some people take longer to grow up, I guess.

Posted: **Tue Aug 18, 2020 6:38 am**

armati wrote:Still another is to prevent bank account holders from withdrawing cash and possibly triggering runs on banks

...

the fourth big reason is that banks will be free to impose negative interest rates, which is a polite way of saying that they are going to plunder your accounts

And it is completely impossible for banks to do either of these things when you deposit your savings in cash?

Clive Maund sounds like a real dope. Does he think that when he takes cash into the bank it is literally stored in a vault like in Harry Potter or Scrooge McDuck?

Posted: **Tue Aug 18, 2020 6:38 am**

jusplay4fun wrote:I don't know. Last time I did it, I was twenty-one. Some people take longer to grow up, I guess.

Posted: **Tue Aug 18, 2020 7:13 am**

armati wrote:
cryptos do not meet the criteria for money, the world has used silver money for about 5k years.

How so?

Define “money”. Money is anything a sufficient number of people believe has value.

I’m not big on crypto’s and I hold none, but I recognize they have value.

In the US there are many things I can buy with Bitcoin and I can turn Bitcoin into U.S. Dollars easily.
I can’t personally buy anything with Argentinian Pesos and I have no easy way to convert these to U.S. Dollars without going through a bank which could trigger taxes or higher fees, and is more involved/complicated than Bitcoin exchange.

In this case Bitcoin is acting more like money than Argentinian Pesos.

Posted: **Tue Aug 18, 2020 8:26 am**

Aristotle listed five properties that make something suitable for use as money.

Durability
You don’t want your money to fall apart, or dissolve when it gets wet. It has to last over time.

Divisibility
You need to be able to split it into smaller increments without it losing value. That’s why a painting doesn’t make good money. Half a Van Gogh isn’t worth a whole lot!

Convenience
At one time cattle were used as money. But it’s not very convenient to haul cows with you everywhere. Good money packs high value into a small package and is easily portable.

Consistency
Money should be easily recognizable, with each piece identical to the next. This property is sometimes referred to as fungibility.

Intrinsically Valuable
Good money should be something a lot of people want or can use. In other words, it has a useful purpose and value based on something other than its role as money.

When you look over this list of Aristotle’s criteria, it becomes clear why gold and silver have taken on the role of money for hundreds of year. Both precious metals are durable, divisible, convenient, consistent, and posses intrinsic value.

It also becomes clear why paper really doesn’t make good money. It meets the first four criteria, but it fails utterly at number five. Paper has no intrinsic value.

Posted: **Tue Aug 18, 2020 8:42 am**

"Define “money”. Money is anything a sufficient number of people believe has value."

Your describing a currency, anything can be used as currency as long as people accept it.
seashells,feathers,grains of wheat,paper with ink on it etc.

Gold has been used by the world population for thousands of years because it is accepted as money.

Bitcoin does not meet the criteria of money, it is a currency. Its use is the transfer of funds.
It does not have an intrinsic value, nothing happens if bitcoin disappears, if silver were to disappear we would go back to the stone age.
The uses are too many to list.

Nixon unbacked the U.S. dollar in 1971, which is why it has been losing purchasing power bigly ever since.
Americans have been taught their dollar and debt is money, they dont know the dif between money,debt and currency.
The majority anyway.
Which is why these discussions of what is money etc happen.

Selling a 100 oz Silver Bar for $25 Dollars (When It's Worth $1500) Almost 7 POUNDS of Bullion
https://youtu.be/6gmp2IqReFQ

(For those that know how to click a link.)

Posted: **Tue Aug 18, 2020 11:43 am**

armati wrote:When you look over this list of Aristotle’s criteria, it becomes clear why gold and silver have taken on the role of money for hundreds of year. Both precious metals are durable, divisible, convenient, consistent, and posses intrinsic value.

It also becomes clear why paper really doesn’t make good money.

Umm... not to point out the obvious but then why does everyone use paper and not gold/silver as 'money'. Like literally no where but a bank and a pawn shop can i pay for things in silver. It actually fails at multiple things on the list you posted. It isn't convenient at all, and isn't readily 'divisible' either for the average person. No one I know walks around melting bits of silver off a brick and then weighs it to pay for shit. It was an excellent money 5,000 years ago, it isn't anymore. At the end of the day you would just end up converting it to paper money anyway since it's entirely useless for the average person.

Posted: **Tue Aug 18, 2020 12:37 pm**

PMs do not fail at anything on that list, it excels at everything on that list.

Maybe your to young to remember.
Up to 1965/66 in the states gold and silver were used, coins were silver, dollars,50 cent pcs,25 cent pcs and 10 cent pcs, silver was used in daily transactions.
The bills, were certificates that could be exchanged for metal at banks.
PMs work extremely well.

Nixon removed the link to PMs in 1971, notice rising prices since then.
Thats the value of the currency dropping.

ALL, unbacked currency thruout history every where around the world eventually moves to its intrinsic value which is zero.
The only reason you would want it is to pay taxes which you must do as your government has guns.
But other than that it has no value.

Gold is money, silver is arguably money, everything else is currency. And unbacked currencies fall to zero.

Gold requires more currency to purchase now than it ever has in history anywhere, notice the trillions being printed.

Im not saying currencies do not work for business transactions, they do work, until they crash.
But currency is not money.

Bitcoin may go to a million dollars, it could work as currency for a while, but as long as its not backed it will fall to zero eventually.

Just a head up, the world reserve currency changes about every 100 years, its time for a change, nations are dumping the dollar and have been buying tons and tons of gold , central banks have been buying as well.

For some reason they are not buying cryptos. They buy gold. Thats saying something.

The governments around the world are creating their own digital currencies and they may work on the blockchain.

There may end up being no need for bitcoin or any of the other cryptos.
I have no idea but it looks that way to me.

Posted: **Tue Aug 18, 2020 2:40 pm**

https://www.merriam-webster.com/dictionary/money

Lots of websites online pushing the sale of or investment in precious metals true to push a definition of money vs. currency that follows the logic you state armanti. I do understand all the factors that make for good ‘money’... but the intrinsic value has been a known issue for a long time.

Gold and silver are NOT money. Gold and silver can be used as money but gold and silver are gold and silver (NOT money). Gold and silver fail as currency unless or until they are minted into coins, thereby it because easy for laypeople to assign reasonable value.

Money and currency interchangeable words... look at the Webster definition provided.

Now... you can say paper money that is not ‘backed’ by hard precious metals is essentially valueless... but I deny you to live your life in this manner. You can’t do it.

Paper money (or digital money if you prefer because most ‘wealth’ is help digitally in banks either as ‘cash’ digitally or as investments which are also mostly digital)...

Paper money (or digital money) is what we got.

... oh... also the intrinsic value of silver and gold, though long-standing is not guaranteed value forever. I could come up with 3-5 scenarios where either one of these loses it’s intrinsic value, some overnight.

Posted: **Tue Aug 18, 2020 2:47 pm**

armati wrote:Selling a 100 oz Silver Bar for $25 Dollars (When It's Worth $1500) Almost 7 POUNDS of Bullion
https://youtu.be/6gmp2IqReFQ

(For those that know how to click a link.)

Your link proves silver isn’t money.

Posted: **Tue Aug 18, 2020 3:16 pm**

armati wrote:PMs do not fail at anything on that list, it excels at everything on that list.

Maybe your to young to remember.
Up to 1965/66 in the states gold and silver were used, coins were silver, dollars,50 cent pcs,25 cent pcs and 10 cent pcs, silver was used in daily transactions.
The bills, were certificates that could be exchanged for metal at banks.
PMs work extremely well.

Nixon removed the link to PMs in 1971, notice rising prices since then.
Thats the value of the currency dropping.

ALL, unbacked currency thruout history every where around the world eventually moves to its intrinsic value which is zero.
The only reason you would want it is to pay taxes which you must do as your government has guns.
But other than that it has no value.

Gold is money, silver is arguably money, everything else is currency. And unbacked currencies fall to zero.

Gold requires more currency to purchase now than it ever has in history anywhere, notice the trillions being printed.

Im not saying currencies do not work for business transactions, they do work, until they crash.
But currency is not money.

Bitcoin may go to a million dollars, it could work as currency for a while, but as long as its not backed it will fall to zero eventually.

Just a head up, the world reserve currency changes about every 100 years, its time for a change, nations are dumping the dollar and have been buying tons and tons of gold , central banks have been buying as well.

For some reason they are not buying cryptos. They buy gold. Thats saying something.

The governments around the world are creating their own digital currencies and they may work on the blockchain.

There may end up being no need for bitcoin or any of the other cryptos.
I have no idea but it looks that way to me.

Ok boomer!

Conquer Club

main reasons to implement a cashless society

main reasons to implement a cashless society

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