So the benefits of dealing in CAD are as follows.
-confiscatable
-not private property
-interest bearing
-CBDC (coming soon)
-fiat
-divisible
-pretty notes
-bail out
-bail in
-funds war (with interest)
-un-backed by any tangible asset
-borrowed from bankers across the ocean.
-Transfers assets to the bankers
-Transfers liability to tax payers.
-balloon
-poor money (fundamentally)
And the Bank of Canada wants to compete as a lender of last resort like 1972. They want me to work for it and put it into their bank.
So what do I buy CAD? or private local bills of exchange?
https://youtu.be/eVkk1zKdkMo
https://www.bankofcanada.ca/2023/02/staff-discussion-paper-2023-4/
852096ed / sêkwêstikwân ᓭᑫᐧᐢᑎᑳᐧᐣ
npub1y8…vjeps
2025-02-01 18:18:59
in reply to nevent1q…efyg
Author Public Key
npub1y8la98zpzargx74pmlavuffagsp3vp2zgxvr8cqzd6avv5v23l6smvjepsPublished at
2025-02-01 18:18:59Event JSON
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"content": "So the benefits of dealing in CAD are as follows.\n-confiscatable\n-not private property\n-interest bearing\n-CBDC (coming soon)\n-fiat\n-divisible\n-pretty notes\n-bail out\n-bail in\n-funds war (with interest)\n-un-backed by any tangible asset\n-borrowed from bankers across the ocean.\n-Transfers assets to the bankers \n-Transfers liability to tax payers.\n-balloon\n-poor money (fundamentally)\n\nAnd the Bank of Canada wants to compete as a lender of last resort like 1972. They want me to work for it and put it into their bank.\n\nSo what do I buy CAD? or private local bills of exchange?\n\nhttps://youtu.be/eVkk1zKdkMo\nhttps://www.bankofcanada.ca/2023/02/staff-discussion-paper-2023-4/\n",
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