Before a nation can have a sound economy, it must first have a sound monetary system. Unfortunately, in today's world, there is not a single government that has a commodity based currency; every world currency qualifies as a fiat system. In the history of the world, every fiat currency eventually has failed. In this video, I talk about why that is the case, and how we can see this playing itself out right now in the current fiat systems. Dollar purchasing power lost since 1913: 92% Dollar purchasing power lost since 1971: 83% Enjoy my videos? Donate in Bitcoin: 1P94S6U6Upob4gjH1HwfnNcYqGmW2gUbr1 Support my channel on Patreon: https://www.patreon.com/silverfortune
Visibility: 1055
Duration: 19m 31s
Rating: 32