Death by Crypto

Money, so not real

We are looking puzzled about crypto curencies - acting as if they are real!  Monetary system themselves are like a ghost, riding on a phantom railway!

All is well, until the world suddenly realises things aren't right!  We get a run on the banks, and they can see collapse like the world experienced in the 1930s.

Bank run

Wikipedia

https://en.wikipedia.org › wiki › Bank_run

A bank run or run on the bank occurs when many clients withdraw their money from a bank, because they believe the bank may fail in the near future.

I am worried writing this up.  But the world does need to understand quite what crypto curencies are about.  The world now expects banks to V underwritten by the IMF or World Bank.  But they are supported by innovations from national governments.

Who playing the IMF Banknotes, that really only have value all people assume they do.  Now crypto curencies are based on banks securing the currency we've back nodes or gold ingots.

Gold is interesting, as the intermittent collapses and the value of gold.  If you drill down to magma chambers 34 metres below the land surface, you get to heat it pressurised water.

Which contains a limit concentration of gold metal!  When the water makes its own way out to the surface, they carry some the gold metal with it.  This is precipitate it hurts as the water rises and the pressure drops.

This is a source of all the gold people firm for at river sources.  Gold metal is actually the fourth most abundant element on earth.  Just mostly held in the earth's core!  A spinning full of molten metal.

We only know about gold, as the water applying air to surface Carries some gold metal with it.  So it is really not a scarce commodity!  We can drill down just 34 metres, and get our 50 tonnes of gold dust a year.  That is 300,000,000 UK pounds.  And till the world starts doing it geothermal mining.

And will C the biggest call collapse in history!  National currencies are secured on the national bank gold deposit.  And the year was desperate to stop constituent countries, giving gold reserves.

Base you make currency value depend on the surrounding European countries.  If the Euro by ever collapsed, year we thrust back into the dark ages!  France and Ireland, will be so bankrupt!

So the crypto currency is like the phantom riding on the back of a ghost, although non existent ghost train.  Eight number of pharmacy, backed up by national curencies, which are based on opinion not real value.

Economics can explain why curencies are real!  They are not.  They are matters of opinion.  And Germany has now thrown its policy and we are Spain and Italy.  The southern European countries used half frequent currency devaluations.

As the really do not like paying their taxes!  The bass rock curencies float on.  My friend had acemi to explain cryto curencies to the world.  But they are so not real.

Their are crypto booths spring up around the world, where you can convert cryto curencies into Banknotes: paying the booth for the privilege.

There is a massive deity money in the crypto.  The black economy has found it the ultimate money laundering exercise.  Always assuming cryto will appreciate in value.

Crypto is due for an almighty crash.  If we look at gold this as an active it happens a lot.  The radar appreciation in recent years, makes the cryto crash inevitable.

My friend was worried about adverts where traders asked for cryto only.  Imagine having a trolley full of groceries in your local supermarket.  You get to the cash till, and the Internet is down.

Many of us will remember life before the Internet's.  And I am used at the not infrequent crashes of the Internet.  What if their next crash never gets undone!

All your cryto cancer has vanished into the ether.  An 18th century idea for the spiritualist.  Although cryto value has gone.

And the supermarket does not accept Banknotes!  And you cannot use your chip and pin card.  You can no longer buy a food and drink!  All your savings have vanished into the ether.

The modern world is sussed!  Is there an answer?  If we are cellar goal crash, we are back to bartering!  Which makes failing a car with petrol impossible.

Will cryto be the death of us all?  I wait to see!  Please to get back to me on this subject to JonThm9@aol.com

Over the Internet obviously!