#inflation #money #currency #fiatcurrency #barter #gold #silver #centralbanking #government #barter #indirectexchange #m1 #moneysupply
With the fiat currencies sinking even faster versus gold and silver these days we will look at why this is happening.
We hear from the mainstream financial press or media that the price of gold and silver are rising because of rising tensions between the U.S. and China or because the economy is slowing down but one needs to understand that almost nobody in the mainstream media or in mainstream economics really understand what inflation and money really are.
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Have you ever read Debt: The First 5,000 Yearsby David Graeber? By doing research, he shows that barter actually never existed in history. It's something made up by economists, it was always a type of debt.
Thanks again for the educational class, Maneco64. As many as nineteen government fiat currencies went out of control in the twentieth century. Zimbabwe example:
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Yes, this is/was real money. They made a 100 Trillion Dollars note as well. And yes, it started with the $1 Znote.
Have you read David Graeber‘s book about debt? He argues that the “barter came before money” story is a myth and that “debt came before money” is more plausible.
And yet we see the most marketable commodity becoming money all over the world without debt.
+1 for Rothbard's book on money!
Bimetallism trying to fix the gold/silver ratio is a bad idea, but hard money is harder for governments to manipulate.