Dr. Salerno has an essay over at Cobden outlining how governments are pursuing a war on currency. He notes a new currency has emerged in the black market: liquid tide. To which I added my comment....
"There is another rarely noticed attribute of money, whether gold or silver or any of the new ones like platinum. Each is antibiotic. Germs cannot survive contact with silver or gold or Rhodium.
On the silk road, at say Baghdad, the merchants might shift cargo from camel to cart but payment was shifted from hand to hand. When money is antibiotic, this is not so risky.
One might also observe that the black plague followed the introduction of paper money, when people stopped using gold and silver in payment. Coincidental?
Modern science has found many new metals. Antibiotic ones end up sold as coins and bullion, like palladium. If the newly discovered metal is not antibiotic, it does not become a coin.
And, not to put too fine a point on it, one of the features of liquid tide is...."
Feel free to forward this by email to three of your friends.
"There is another rarely noticed attribute of money, whether gold or silver or any of the new ones like platinum. Each is antibiotic. Germs cannot survive contact with silver or gold or Rhodium.
On the silk road, at say Baghdad, the merchants might shift cargo from camel to cart but payment was shifted from hand to hand. When money is antibiotic, this is not so risky.
One might also observe that the black plague followed the introduction of paper money, when people stopped using gold and silver in payment. Coincidental?
Modern science has found many new metals. Antibiotic ones end up sold as coins and bullion, like palladium. If the newly discovered metal is not antibiotic, it does not become a coin.
And, not to put too fine a point on it, one of the features of liquid tide is...."
Feel free to forward this by email to three of your friends.
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