Monday, September 23, 2013
100 Trillion Pound Notes?
There is a reason why every fiat currency in the history of the world has eventually failed. At some point, those issuing fiat currencies always find themselves giving in to the temptation to wildly print more money. Sometimes, the motivation for doing this is good. When an economy is really struggling, those that have been entrusted with the management of that economy can easily fall for the lie that things would be better if people just had â€œmore moneyâ€. Like the Weimar Republic, the U.S. economy is also struggling and like the Weimar Republic, the U.S. government is absolutely drowning in debt. Just like the Weimar Republic, our money supply is beginning to grow at an exponential pace. So far, complete and total disaster has not struck, so most people think that everything is ok