The Natural Philosopher wrote:

> I have no idea what you are taking about.
>
> Nothing wrong with debt, but what is pernicious is no gold standard to
> back it up.
>
> Paper money is so easy to debauch to hyper inflation.

exactly - the scam started in Sweden - a very successful scam and IMO it is
the betrayal I mentioned before.

No need to explain anything - history delivers the facts and will do it in
future just look what will happen in the next 10-20y from now.

... and BTW it is not about backing up with gold - you can back up with
anything that has value, but we decoupled the paper money meanwhile almost
completely from real economy as well - it is also just my personal opinion.

unfortunately there is no meaningful alternative for now ... and poor you
who relay on a plastic with a circuit on it or on the app with your bit
coins in your phone/pc etc.

the paper money is actually a promise - electronic money is merely debt.

or may be in another way

paper money is promise by the bank that you can get something with real
value in exchange. Electronic money is just the debt of someone else - not
even a promise, but you still believe that you will get something in
exchange.

interestingly those who did not want to participate in the scam were
overthrown or killed ... just a coincidence?! I don't know.

--- SoupGate-Win32 v1.05