In A Better World

In a better world we might expect:
Individuals, corporations, and governments spend no more than their income. ‘Honest’ money is used by all, has intrinsic value, retains its purchasing power and is not counterfeited by individuals or bankers. Governments and bankers support and encourage ‘honest’ money. Alas, we live in this world and must realize that:
Debt has increased rapidly for the past century. Example: U. S. national debt has expanded from roughly $3 billion to $20 trillion. Currencies are IOU’s issued by central banks who promote ever-increasing currency in circulation, expanding debt, and continual devaluations in purchasing power. The ‘fiat-currency-game’ will continue until it implodes.

This post was published at Deviant Investor on August 2, 2017.