Facebook’s fake money

Degussa/Thorsten Polleit/7-18-2019

photo of two miners gold bars“The critical question, however, is this: Is the Libra really good – or sound – money? Unfortunately, this question cannot be answered in the affirmative. The reason is this: The quality of the Libra depends on the quality of the underlying fiat currencies –and fiat currencies do not make for good money, as should be well known by now.”

USAGOLD note:  A crypto-currency is only as good as the foundation upon which it is built . . . . Degussa recommends a 100%-gold-backed Libra (assuming of course it even gets off the ground).

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