Money, Funny-Money, & Crypto
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That the post-industrial era of fiat currencies is coming to an end is becoming a real possibility. Major economies are now stalling while price inflation is just beginning to take off, following the excessive currency debasement in all major jurisdictions since the Lehman crisis and accelerated even further by covid. The dilemma now faced by central banks is whether to raise interest rates sufficiently to tackle price inflation and lend support to their currencies, or to take one last gamble on yet more stimulus in the hope that recessions can be avoided. |
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It has never been more important for the hapless citizen to recognise what is happening to currencies and to understand the fallacies behind cryptocurrencies. They are not practical replacements for state-issued currencies and are likely to turn out to be just another aspect of the financial bubble. The only protection from an increasingly likely collapse of the fiat money system and all that sails with it is to understand what constitutes money as opposed to currency; and that is only physical gold and silver coins and bars. |
via International Skeptics Forum https://ift.tt/3Cdp1Op
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