7 Responses to “Greenspan Baffled Over Bitcoin ‘Bubble’: “To Be Worth Something, It Must Be Backed By Something” Response from Taitz report: No s**t! Where is the backing for the U.S. dollar, where are the audits of Fort Knox and Fed?”

1. gerry d welder
   December 5th, 2013 @ 7:39 am

   Government won’t allow their tax revenue and regulatory structure to be by-passed… think tax evasion just for starters, every transaction is recorded forever, so there is no rush, the government will slaughter this cash cow.

   Think your getting away with stuff in a system you don’t even understand or who really is at the controls or what predator is burrowing it’s way toward you?

   Here’s some interesting tweets:

   Jim Rickards ‏@maureenmfarrell If #China is pushing its citizens to use #Bitcoin, it’s so they can monitor movements. Cash & #gold can’t be tracked.

   Jim Rickards @maureenmfarrell Fighting US w/ #Bitcoin is like fighting the #IDF w/ a BB gun. US Cyber Command can crash it in a heartbeat. #SoNaive

   Jim Rickards‏ @maureenmfarrell The naivete of #Bitcoin groupies is really touching. If you think you’ve not being watched, guess again.

   >even if you cash out now with a load of money, you’ll still have that lingering feeling of impending doom…..very similar to what banksters are now experiencing.

   Google:
   In wake of NSA encryption revelation, is privacy an illusion? – CBS …

   http://www.cbsnews.com/ 8301-205_162-57601797/ in-wake-of-nsa-encryption-revelation-is-privacy-an-illusion/ – View by Ixquick Proxy – Highlight

   Sep 6, 2013 … Reports: NSA invested billions in cracking encryption codes … which is one of the most leveraged pieces of encryption technology, has been broken …

2. Sandy Beach
   December 5th, 2013 @ 10:21 am

   As of 2013, no countries use a gold standard.
   https://en.wikipedia.org/wiki/Gold_standard

3. turnright
   December 5th, 2013 @ 12:14 pm

   Orly, your comment was SO funny. Just your saying “No S**t!… ” was plenty enough to make me laugh. Yours and Gerry’s comments are spot on.

   Janice said that “Faith is all you’ve got, when you’ve got nothing left to lose.” And in this case, when our ‘faith-backed’ currency loses the trust we allow it, there’ll be everything to lose. Nixon messed up when he took us more completely off the gold standard. But then almost nobody in the world is using a standard.

4. Davey Crockett
   December 5th, 2013 @ 12:54 pm

   Geez-us…Greenspan says it takes our currency to be backed by something, to be worth something! Hmmm…

   Well, gee, who are the people who started to destroy our currency, when they created the Fed in the first place???

   That’s right, all you nwo types…which then made our gold and silver coins worth more than the fiat (back by nothing!) paper money!

   So Mr Greenspin, wouldn’t you say that the Fed should not be given another 100-year charter, to make our currency even worse?

5. Anonymous
   December 5th, 2013 @ 3:55 pm

   BITCOIN is backed by the internet, as the dollar was backed by gold.

6. Roy
   December 6th, 2013 @ 3:03 am

   The Dollar is not backed by Gold held anywhere.
   The Dollars value is explained below at the
   website.

   The US Dollar Index (USDX) is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies.[1]

   It is a weighted geometric mean of the dollar’s value compared only with “basket” of 6 other major currencies which are:

   https://en.wikipedia.org/wiki/U.S._Dollar_Index

7. Thomas
   December 6th, 2013 @ 6:16 am

   I read an article several years ago about the First Trip Hillary Clinton took to China. It stated in the story that Clinton was given the OK to USE Our FEDERAL LANDS as Collateral for more Chinese Loans. I PUT NOTHING Past This CRIMINAL Administration, NOTHING!!!

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