Credit only exists if people believe they will be paid back - Bill Bonner - if not, credit evaporates - and at least 3/4 of our money used each day is CREDIT

in #bitcoin6 years ago (edited)

unsplash, NeONBRAND

The money you see in your Bank Account is not a representation of a pile of cash somewhere in a vault.

The amount of cash in circulation is a fraction of the enormous volume of money we see on computer screens.

Its called the Fractional Reserve System and it is failing!

The money we see on our screens is NOT REAL

What you see on computer screen is numbers - systems of numbers.

And the only numbers system on earth that has never been hacked and is not corruptible and is not controlled from a central point by one fallible entity.

Is the Bitcoin Blockchain

What happens when that credit dries up - And it can dry up really fast

Where will the faith go to

GOLD SILVER BITCOIN - there is no where else it can go

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