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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: roguedolphin who wrote (20698)	12/12/2017 1:45:12 AM
From: roguedolphin	Read Replies (2) \| Respond to of 33421

Bitcoin Vs Fiat Currency: Which Fails First? "The bottom line is that fiat currencies are debt-based claims on future profits, energy production and wages, claims that are expanding far faster than the real economy and the productivity of the real economy. In effect, fiat currencies and debt are like inverted pyramids resting on a small base of actual collateral. If you look at the foundations of fiat currencies, you find loose sand, not bedrock. Massive mountains of phantom wealth have been created by central-bank inflated bubbles, bubbles based not on actual expansion of net income earned from producing goods and services, but on financialization, the pyramiding of debt and leverage on a small base of real assets...." zerohedge.com