Hello frank, Regarding this on-line down-loadable book knowledgerush.com which is best read while situated within the domain of the country under discussion achamchen.com , I note:
(a) the government in question was no doubt an accountable parliamentary system
(b) the currency was backed by the full faith and credit of same officialdom, and by its ability to tax and confiscate, and by real estate in the choicest locations, in other words, the fiat moolah was even better than gold in many ways, and certainly better than our various moolah flavors
(c) the debt was denominated in the currency of said faith and credit and etc
(d) the schema was to inflate the currency or let die the monetary system and its then consequent deflation/depression, ... and by golly, the result was a known known by history's teachings, the monetary system died, and left in its wake first stagflation, then depressive deflation, for a whole lot of years, arguably 100 years
So far, should you study the book, you will have to note that all the signs decribed in the book are showing up, including the bit about guns and such.
Yes, I reckon excitement is straight ahead.
However, whereas the book paints a bleak picture of the known knowns, it also hints at the opt-out. See if you can figure what the opt-out was :0)
Chugs, J |
