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<p>[QUOTE="fatima, post: 1432230, member: 22143"]It's not just you. It always works this way in history after a currency collapse. Fiat only returns after the people forget their history and believe "it will be different this time". The framers of the US Constitution were adamant the new republic would only use gold and silver coin and there are several clauses in it to this effect. They knew all too well what fiat would do having lived through a failing economic system based on fiat colonial script and which the BofE was using to punish the colonials. Yet here we are now, people are in total disbelief, as demonstrated by comments right here in this forum, happy to vest themselves in money created by a few unelected men in a system that rewards the issuers for expanding a debt fueled consumption economy. </p><p><br /></p><p>It's the ultimate folly of fiat. Production ceases to matter because everyone starts to believe that an economy can only exist by consuming. Don't have money to consume? No matter, we will print some more.</p><p><br /></p><p>Anyone looking at it from the outside can immediately see what's wrong with that picture. Those inside will defend it at any cost and will deny there are any problems.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1432230, member: 22143"]It's not just you. It always works this way in history after a currency collapse. Fiat only returns after the people forget their history and believe "it will be different this time". The framers of the US Constitution were adamant the new republic would only use gold and silver coin and there are several clauses in it to this effect. They knew all too well what fiat would do having lived through a failing economic system based on fiat colonial script and which the BofE was using to punish the colonials. Yet here we are now, people are in total disbelief, as demonstrated by comments right here in this forum, happy to vest themselves in money created by a few unelected men in a system that rewards the issuers for expanding a debt fueled consumption economy. It's the ultimate folly of fiat. Production ceases to matter because everyone starts to believe that an economy can only exist by consuming. Don't have money to consume? No matter, we will print some more. Anyone looking at it from the outside can immediately see what's wrong with that picture. Those inside will defend it at any cost and will deny there are any problems.[/QUOTE]
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