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For How Long Will People Trust Fiat Money?

Big Al
July 14, 2014

The author in this post chatted with a central banker who works at the Dutch central bank. The conversation focused on fiat money but also heavily on how gold plays into the whole system.

Click here to read the post.

Discussion
4 Comments
    CFS
    Jul 14, 2014 14:00 AM

    I have a question for those that sold precious metals today; “How did it feel to be fleeced?”
    You will be able look back and remember the bullion banks took you to the cleaners.

    Jul 14, 2014 14:16 AM

    It’s not just fiat currency, Cory, it’s the U.S. of A.’s fiat currency used as the world’s reserve currency. We could not have achieved all the nearly limitless amounts of cash from 1933 to today without the rest of the world accepting dollars for oil, and keeping their savings in US dollars. Winning World War I and World War II has garnered more goodwill in the form of US Treasury bonds being bought by all those foreigners for decades. It has allowed unprecedented power and dominance around the Earth. Who else could build those deep underground bunkers, pay scientists to craft things away from the public eye, bribe officials and pay for proxy wars and assassinations worldwide for four generations? Only the Federal Reserve’s printing press, and digital printing press.

    I am amazed how the rest of the world still appreciates the American people when our leaders act like psychopaths.

      Jul 14, 2014 14:06 PM

      You are right the US has been a world bully for some time but that is changing. I would disagree with your point that the rest of the world still appreciates the American people. My experience while traveling has been that people do not look kindly on Americans. Being a Canadian, people consistently treat me better when they find out I am not American. I find this disappointing because I personally really like American people and have a lot of friends who I respect very much who are American.

    Jul 15, 2014 15:33 PM

    Thought it worth pointing out that BullionStar takes Bitcoin as a payment method.