Loading ...“O Zeus, why is it you have given men clear ways of testing whether gold is counterfeit but, when it comes to fiat money, it carries no stamp of nature for distinguishing bad from good.” ― Euripides & EvG
The Greek playwright Euripides’ (450 BC) statement on gold (slightly amended by me), tells us why it has remained money for 5,000 years.
Because gold is constant wealth and can’t be altered or forged successfully.
As regards distinguishing bad from good fiat money, bankers and central bankers have made that task both ridiculously and criminally easy for us all.
Because there is no good fiat money.
All fiat money is fake and produced at will with the press of a button by the culpable bankers.
Fiat money is today produced electronically which means at no cost. So it is obviously today not even worth the piece of paper it is written on.
Anything that can be produced in unlimited quantities at no cost can by definition not by worth more than ZERO.
“WE CANNOT IGNORE THE CONSEQUENCES OF IGNORING REALITY”.
Ayn Rand said that “we can ignore reality but not the consequences of reality”.
And reality is that just in this century over $200 trillion of debt or fake money has been produced in the world. That is 200% more than all the debt monies created ($100T) in history until year 2000. This sum obviously excludes promises and lies in the form of global unfunded liabilities, (medicare, social security, pensions etc) plus up to $2 quadrillion of derivatives which will end up worthless.
But few realise the consequences of the world’s insatiable need of fake money. The super bubble will inflate until it one day it totally implodes.
more https://goldswitzerland.com/gold-vs-200-trillion-counterfeited-money/