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mantoux
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The prospects for money - Alasdair Macleod - Finance and Eco.

agreed an excellent piece., fiat money will keep its place while it is backed by a big stick...until someone blinks.

Commented 2846 days ago

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Beginning of the headline :In my view, this new bout of turmoil in financial markets is the prelude to the final demise of government currency.If I’m right, a long-expected collapse in the purchasing power, and of the very concept of fiat currency, will evolve from current events. The purpose of this article is to explain why monetary theory predicts a currency collapse.The question at the heart of today’s market instability is the validity of fiat currency; that is to say, forms of money issued and sanctioned by individu... Read More

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