>>20413078Vinyl records are not regularly used in missiles or a vast number of electronics. Silver and gold on the other hand are crucial to both, and have been a stable storage of wealth for roughly 6,000 years.
The comparison between precious metals and vinyl records is silly.
One has only been valued extrinsically for the last few hundred years by a small minority, and the other is regularly used in major manufacturing, and has been valued by humans for thousands of years of recorded history.
The only (and I mean ONLY) times when a fiat currency has worked, has been when it was printed without any interest or debt attached to it (i.e. US treasury dollars instead of Federal Reserve dollars).
Can you guess what happened to both of the presidents who tried issuing debt-free banknotes? (Abe Lincoln & JFK)
How strange...
Enjoy inflation and financial collapse, as literally every single fiat currency has in the past.
https://ginifoundation.org/kb/fiat-currency-graveyard-a-history-of-monetary-folly/>"Based on the historical average lifespan of fiat currencies and the data table in the Global Governance Scorecard, if your country's total Debt-to-GDP Ratio (private and public debt) approaches or exceeds 200%, then there's a high probability that your fiat currency will be buried in the fiat currency graveyard within your lifetime."https://tradingeconomics.com/united-states/government-debt-to-gdp>"The United States recorded a Government Debt equal to 122.30 percent of the country's Gross Domestic Product in 2023.">the picrel is a MUST READ 