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totonno
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The Fiasco of Fiat Money

- Thorsten Polleit -

Thank you Thank you Thank you for this essay on fiat money.It clears up a lot. For me it does anyway. I'm waiting for the meltdown.

Commented 4535 days ago

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Beginning of the headline :I. Today's worldwide paper-, or "fiat-," money regime is an economically and socially destructive scheme — with far-reaching and seriously harmful economic and societal consequences, effects that extend beyond what most people would imagine. Fiat money is inflationary; it benefits a few at the expense of many others; it causes boom-and-bust cycles; it leads tooverindebtedness; it corrupts society's morals; and it will ultimately end in a depression on a grand scale... Read More

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