Fiat money is simply a numbers game.
All money, every single system is 100 percent a numbers game. Probably as close as we can get to a system of real worth would be wheat, but still way too volatile.
We were given a warning in 2008 that that numbers game will not continue but that's obviously fallen on deaf ears.
http://en.wikipedia.org/wiki/U...
Explain how those were the result of fiat currency.
The irony is that the rich have got richer since then because they bought into hard assets - art, shares, property, land, gold, silver, rare artifacts (there's a reason they did that) - while those who had a regular salary and saved in dollars, euros or whatever have got continually squeezed and could afford less in real assets. It never ceases to amaze me how the ignorant get attached to their little fiat currency denominations.
Odd - I did well in both 2001 and 2008, and although I have hard investments, I simply didn't invest where the "smart" people said I should. I invested in what I knew would work. That's where most of my money went, and then returned with profit.
Even more odd is that you think that the fiscal insanity was caused by fiat currency, when in fact, most was caused by lack of regulation, mortgage originators who had no fiscal stake in the process, leading to mortgages to people who never should have them, and the insanity ne plus ultra - the 50 year morgage. a favorite of 80 year olds.
Just simple math that was bypassed, a crisis that would have been easily avoided, And not one thing to do with fiat currency, as if it did, people like myself who avoided the insanity would have suffered along with those who partook of it.
If you wish to argue, refer to the depressions noted. There were some, like the panic of 1837 where people lost trust in paper currency, interestingly enough not too long after th eUs tried to establish a mint ratio of gold to silver. Many other recessions were driven by speculation, or one of the biggies, post war days of reckoning, When we go to war, we often make emergency appropriations, which is kind of like war on the layaway plan. Eventually those have to be paid for, usually by inflation and or recession.
Good luck with that, because they are increasingly unlikely to want your useless electronic numbers that you place so much value on. The ECB is going to create a whole lot more of them.
So do you have your precious metals in a well armed fortress? Dude, any Government that can make everyone's electronic money worthless, can take your Gold, especially if you invest in it like most people....... electronically.
Because unless you can lay your actual hands on all your investment metal and have substantial means to defend it, you'll be in the same boat as the rest of us when your fiatpocalypse happens. Even people you think are idiots, like me.
