Tag Archives: Hyperinflation

All Fiat Currencies Have Died. We Have a Fiat Currency

This is a little scary, especially when you see how it is already going for some countries in Europe.

The US Dollar and the European Union’s Euro are fiat currencies, meaning that they have no intrinsic value and are not backed by anything that has intrinsic value. They have value only because the respective governments declare that they do. Fiat is a Latin word meaning “let it be done” or “it shall be.”

All fiat currencies throughout history have failed.

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Would You Like a Stake in the Greatest Transfer of Wealth?

I’ve heard it said many times and from many different people that the Great Depression represents the greatest transfer of wealth in American history. I have also heard, again from many different people over the past few years, that we are facing another transfer of wealth, possibly even bigger than the Great Depression.

What they mean when they say transfer of wealth, at least in this case, is that as the value of one form of wealth declines (the unbacked US dollar) the value of other forms of wealth increase (like gold and silver).

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