The Bankruptcy Of The Planet Accelerates - 24 Nations Are Currently Facing A Debt Crisis, page-5

  1. 25,632 Posts.
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    Most people are under the mistaken belief that money, be it a dollar bill or franc or whatever has some value, as a hangover from the times it was actually guaranteed in silver or gold and before that in an actual asset.

    Those days are long gone, money is just a piece of paper that is worth what you can buy with it today, not tomorrow, not in the future it has no intrinic value
    Many countries are producing more by various methods so as to keep up with the need, they don't have anymore assets to guarantee it's value in fact if everyone wanted to cash up, all countries in the world would be shutting up shop

    We laughed at Germany when you had to take a wheelbarrow of the stuff to buy a bottle of milk but are we any different now?

    How long will it be until we have to go back to the barter system as no-one will be willing to accept a worthless bit of paper
    Last edited by kingpins: 18/07/15
 
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