Every single fiat currency since the dawn of time has failed, without exception, and with terrible results. In between, every thirty or forty years or so we get a slightly different currency, some partly 'backed' by gold, some completely fiat, but they all fail in the end.
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.
I believe you. Even if you have, you got lucky and you're not the 90% I'm afraid, which is my point.
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.
The lack of regulation comes from creating fiat in large amounts with wild abandon for those well connected. It's pretty damn obvious frankly.
Dude, any Government that can make everyone's electronic money worthless, can take your Gold
There will be no government.....because no one will be able to afford one.
