GoldMoney’s Alasdair Macleod: When fiat money goes bad, “Prices are going to rise–and fast!”

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.”

Continue reading at: https://www.goldmoney.com/research/goldmoney-insights/prices-are-going-to-rise-and-fast

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s