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AutismDad's avatar

The frightening part of this is that consumer trust in fiat currency, which is the only thing that gives it value, is only maintained when there is individual confidence in the institutions that issue it.

Every time in history those institutions have lost that trust, the currency fails.

The current system of fiat currency has only been around since the 1960's and there are clear signs that trust is irreparably broken.

The most obvious sign is that everyone is lying to everyone all the time about everything.

When a fiat currency ends, it ends because no one is able to make a rational valuation of anything because everyone is lying to everyone else about the value of every good and services, particularly the government.

The only way out is to establish a baseline system of valuation that can't be lied about - everytime in history, that has been units of weight of hard commodities.

Things you can feel with your hands and see with your eyes.

Everything else first gets bid up to infinity, then real supply and demand fundamentals take over as a system to reestablish actual valuations.

Countless fortunes are lost in the process, but those with foresight, honesty, patience and integrity become very, very wealthy very quickly.

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