| | | Yes, it matters in reality, but does it matter in the fiat reality, where the banksters can literally print to infinity, and they all do so around the world in semi-unison?
Of course, if a single nation held the vast majority of PMs, there would a significant and real monetary imbalance and the impetus to abandon the fiat and adopt a fixed standard would emerge, but with everyone owning gold, and everyone owning fiat currency, and everyone owning things of value, we're back to square one, which is servicing the debts handed down by the banksters and govs.
Still, something is going to happen as soon as interest rates rise, even a little. Simply servicing debts will fiscally debilitate entire nations. What will happen then?
Another issue that perplexes sane people is the fact that nations owe each other money, but do not balance the debt. For example, if you owe me $10 and I owe you $11, we can simplify that by acknowledging that I owe you $1 and you owe me nothing. Fractional-reserve banking does not work that way. It exists to collect interest from the masses, which goes into the pockets (empires) of the few who own the central banks. It would be interesting to see the real international debts of all nations, completely normalized and reduced, before and after accounting for bond holders. |
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