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.