The beauty of the fiat currency is that it is backed by nothing.
It comes from nothing and it could easily go into nothing.
And most probably it will.
If money represents an economy but has no value in itself, easily THE VERY SAME ECONOMY could be represented by A NEW CURRENCY and nothing would change.
WELL SOMETHING would change, for people who have THAT MONEY.
They would probably lose most of it.
But MODERN economies are mostly backed by debts (and not SAVINGS) so, when the currency implodes, so does the debt.
Creditors have the nothing they created and debtors have the assets they bought.
Monday, July 13, 2015
Subscribe to:
Post Comments (Atom)
7 comments:
this type of post is so good .please visit my website for best coupons.
coupon code
Best post!
Logo Design
Great deals. Coupons
For one stop digital solution, contact Digitaiz.
To be quite honest, I was very suspicious of using an online logo designing website as they are not very reliable, but you guys did a really good job. My previous logo design was kind of bland and it was getting really old and outdated. You guys did a fantastic job with my new logo design. It works perfectly for my company and is really vibrant and attractive. I have been getting many customers lately who want to know the story behind my logo and it’s a pleasure to see that they are on boat with me about the logo being perfect for the company. Thanks guys!
affordable logo design
Want to find coupons. Find best coupons on our website. Visit
promo Code
CouponRax is the best source to find coupon codes, promo codes, deals & discount offers and to help people save money on their online purchases. promo codes
Post a Comment