RE: How the Fiat Money works and why it doesn't

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How the Fiat Money works and why it doesn't

in money •  7 years ago 

Great enlightenment on the flaws of fiat money and why it must fail in the end. Thanks!

money
7 years ago by

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      ·  7 years ago (edited)
    It doesn't actually "fail", at least not from the perspective of the makers of the system. The collapse is hardcoded into the system, so what looks like a flaw to us is actually a feature. What we call "Crisis" or "Crash", the central banks call "Christmas", because that's when they get their presents - we call them "collaterals".

    That game might change in the foreseeable future, though, because the Internet now is coming for banking.

    Brett King: Breaking Banks - Warum Banken der Vergangenheit angehören

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