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End of the Road: How Money Became Worthless
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Iowegian
Posted 9/11/2021 10:38 (#9214435 - in reply to #9214387)
Subject: RE: End of the Road: How Money Became Worthless


History does repeat itself.
,
To me, fiat and physical will prove out to be circular. You state that currencies real value is the ability to allow an economy to be productive. Governments have a proven track record of messing with fiat currencies to the point where money is non-functional. The US seems to be headed down that path.

Physical forces accountability. When government intervention in free markets reaches a tipping point to where there is a loss of confidence, fiat loses the ability for an economy to be functional.

I see this as a long term circulatory process.

As always, time will be telling.
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