The Limit of Fiat Money | Fiat Money is a House of Cards

#economics #money #inflation

Paper isn’t money, to operate it must come with a decree or fiat. Mining for gold can be expensive. The use of a paper currency is much cheaper. Today, paper serves as a medium of exchange by way of a decree. It wasn’t selected by freely acting individuals. Deposits aren’t held in reserves. They are held as numbers digitally. Fiat money is constantly increased. This benefits the debtors at the expense of creditors.

Each piece of paper represents a debt obligation. Fiat money came into the world as a loan plus interest. More money is owed than in existence. Therefore, it’s impossible to pay off the debt under current conditions. Money printing can never stop. More money must be printed to pay down the debt. The house of cards will come crumbling down if money isn’t printed. You must be propagandized into thinking high prices are a good thing.

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