Part 6/8:
Keynesian economics—the underpinning of modern monetary policy—encourages relentless government spending. David is dismissive of the notion that this economic theory is progressive or beneficial, labeling it a “scam.” He argues that saving in a fiat environment is nearly impossible, as the currency is designed to lose value over time, encouraging a culture of consumption rather than prudent saving.
Instead, David advocates for the preservation of real assets such as gold, silver, real estate, or even cryptocurrencies, which hold stable value compared to fiat currencies. He points out that fluctuations in markets signify not the value of commodities rising, but rather the declining value of fiat currencies.