TSI editor’s note: Monetary historian and analyst Alasdair Macleod makes the case that we are in the late stages of a fiat currency cycle which is going to lead to inflationary forces driving up prices on just about everything. Got silver?
“In the final stages of an inflation driven crisis the general public becomes indiscriminate in their purchases of goods, even to the point of selling property in order to survive. A currency which no one wants then loses all its objective value for transaction purposes.
This is what happens following all monetary inflations. Once the general public loses confidence that a fiat currency will retain its objective value in transactions, it begins to dispose of it as rapidly as possible and it is too late to stabilise it. This has been the experience of every fiat currency which has died in the past.”