Thursday, January 21, 2021

Tag: Anatomy of a fiat currency collapse

Anatomy of a fiat currency collapse

by Alasdair Macleod, GoldMoney:

This article asserts that infinite money-printing is set to destroy fiat currencies far quicker than might be generally thought. This final act of monetary destruction follows a 98% loss of purchasing power for dollars since the London gold pool failed. And now the Fed and other major central banks are committing to an accelerated, infinite monetary debasement to underwrite their entire private sectors and their governments’ spending, to prop up bond markets and therefore all financial asset prices.