05/12/15 – Currencies die more often than most people realize. There have been more than 20 hyperinflations in the last hundred years.
It shouldn’t surprise anyone that bad things happen when politicians have the power to create infinite money. What’s amazing is that many still trust them to create just enough money for the good of the people, but not a penny more.
Jeff Thomas points out that some countries are finally realizing that it’s just a matter of time until all fiat currencies die. They’re quietly buying gold, so they’ll own something of real value when the world realizes that paper is worthless.
One problem: no one knows who has all the gold. The answer is critical, because … read more