Comment Re:Another bitcoin short-sell opportunity coming (Score 1) 261
If you were on the Titanic in its final moments, what would be worth more - a satchel filled with gold? A bag of diamond jewelery? A big old stryofoam cooler box with a broken lid?
Frankly, it surprises me other countries would hang onto a US dollar as an investment, and only accept it as a medium of exchange to quickly buy something else of real intrinsic value. I think of the dollar as more of a copper transmission line for wealth - not a battery - because the dollar as leaky as hell. Its printed on demand in reckless abandon, created from nothing, and in and of itself not worth the paper its printed on. It seems a game of musical chairs, and whoever is holding the dollar when the music stops leaves the room - broke.
When all is said and done, it seems the only investment that survives is the ability to physically intimidate and coerce people - and a people trained and intimidated enough to take it. aka "He who has the gun soon has the gold and the gun."