The future collapse of money?
Today’s monetary system uses ‘paper’ to make ‘money’. That is a manifest fraud! Artificial money is quite different from real money. Real money has intrinsic value, while paper money has none. Its only value is that conferred upon it by market forces. Its market value will last only for as long as, and to the extent that, there is public confidence in it and demand for it in the market. Demand is itself based on confidence, and confidence is something that can be manipulated (as Malaysia’s Prime Minister has now recognized, and as Indonesia has recognized too late). So long as governments controlled the so-called free-currency markets, they could intervene to protect public confidence. If there is a collapse of paper money what will happen? is it possible for such an event to occur? will the banks benefit from such a dramatic event?
Economics - 1 Answers
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money came long after man ne will siuvive
