Gold Versus Paper: Let Them Eat Paper – Qu'ils mangent de papier
Cranking up the debt presses to ease the nominal pain of asset price declines destroys the savings of those who are conservative with their money. Such a monetary system, when in its terminal phases, forces citizens of the world into a … Staying in cash may feel like a victory during a 3 month market crash or when the U.S. Dollar Index goes up for the day, but this is a fool’s game over the longer term. When a paper-promise, debt-based monetary system is under stress …
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