The Fiat Mirage and the Physical Foundation of Wealth
The U.S. dollar, once the world’s reserve currency, is rotting from within because the West has lost its productive edge. As I explained in my 2024 interview with Chris Olson, bank profits dropped 44% in late 2023, and the system is straining under the weight of unpayable debt. [1] The simple truth is that paper money is a promise printed on nothing, and promises break when the issuer runs out of strength.
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