Inflation is so old that protection against it was written into the constitution. We werent supposed to have our own currency. Even when many countries went off the gold standard in the 30s is was because they had printed money for which they didnt have equivalent gold and that put them in a bind when people wanted their gold. Most people dont want to believe their government would do something terrible on purpose. Would it do something terrible to us on accident? The number of times governments have printed money and the system of doing so fell apart dates back to BC times. Isnt it odd that even as late as a few hundred years ago they kept going back to precious metals? Because the printing is always a scam? Or maybe this time, this Nth time we give the ability to print the money to another person, this time is different. Right? This time its not a scam this time? This time it wont collapse? It always does and every time people and the economy collapses. People act like you cant have an economy based on an un-printable resource. Like no one traded or produced anything 200 years ago. Like just because we have electronics and faster shipping the concept of work and money has changed. Its not different. It will fail. And unless we invest out of the currencies controlled by people, itll take us down when it does.
Posted on: Wed, 16 Oct 2013 03:42:24 +0000
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