Ep 147: Is saving possible? #Bitcoin #Gold

The Mindcrime Liberty Show with Dobson and Patton

The Mindcrime Liberty Show discusses whether it is possible to save for the future outside of actual material goods. Austro-Libertarians are famous for their criticisms of government backed fiat currency as either outright criminal or just a known fraud. If that criticism is the case, what value does anything denominated in US currency, as well as other fiat currencies such as the Euro, Yen and Pound, have considering state central banks have an incentive to create inflation as a silent tax? What value do the various stock markets have considering that a good portion of its value is backed up by central bankers creating “loose” fiscal conditions through a labyrinth of complicated measures? What value do public and private pensions have considering that a good portion of its value is backed up by the stocks and bond markets which in turn are backed by the printing press? What is the alternative? Is Bitcoin or precious metals the solution for long term savings? One of the problems which gold funds have is that if you don’t own the physical gold you are basically investing in a product which is only worth as much as the gold fund certificate states. In a crunch how much would that be worth? Bitcoin maybe a solution as well but considering the fact that mainstream institutions like Coinbase are very much tied into the financial system combined with the fact it uses lots of energy it poses problems. Land maybe a solution to save for the future but state expropriation through hard and soft means remains a problem. If the state makes it illegal to build anything on your land, or mine your land, it isn’t really your land. Effectively your land has been stolen from you but you keep the title. That land isn’t any more valuable than Hans Hoppe’s parents land in Eastern Europe which was stolen by the USSR (an example of hard state expropriation). How ought one to save for the future? Is the only way to reliably save for the future in material goods?