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<p>[QUOTE=&quot;tekhen, post: 1762269, member: 16202&quot;]I understand... regarding healthcare. My point is insurance is what has made healthcare in all aspects more expensive. As you stated... the barber was one in the same as the physician and pay was typically in the form of barter.</p><p>Once the AMA and the insurance agency held hands doctor patient relationship became a threesome... doctor/patient/insurance.</p><p>&nbsp;</p><p>Regarding debt before fiat, yes. Thomas Jefferson and others during the founding of the country(US) were in and some died in debt.</p><p>As for credit cards, just another form of fiat that is Legal Tender for all debts. In other words... debt is tied to fiat in the way laws are written. As time passes, fiat will no longer be in coin or paper but will still be debt in whatever form it takes.</p><p>In your jeweler scenario,&nbsp; something that needs to be added is interest as well as taking on more debt than one can handle.&nbsp; If one purchases what one can&#039;t afford, then the outcome of the scenario is obvious.</p><p>PMs are tangible. Once they were removed, we continue to see countries debt ceilings rise. Ask yourself, why do countries/govt&#039;s need debt ceilings? It has been argued that technology has grown because of it, I disagree with this statement. If anything it gave those who controlled the creation and disbursement of fiat more power once the tangible aspects were removed, nothing more/nothing less.[/QUOTE]</p><p><br /></p>

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