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RE: Financial Education #5: A New Monetary System Is Coming

in LeoFinance3 years ago

It's coming whether we like it or not, which way we go remains to be seen, could we be gold backed, do we go to a bretton woods again, do we move to basket currencies, do we go CBDC its all up in the air right now but at least we have private money now with Bitcoin.

I think it's on its last legs but we'll be surprised how long governments can continue to print because we're all still so tied to the system and the brief that fiat money has value

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It's likely that the IMF will bail central banks out and make countries use their native currency. Just more of the same scamming. Crypto offers a way out of that. Out of the removal of freedoms that using a currency from governments! You offer some probably alternatives too!

I think it'll last a couple of years still. Germany didn't enter hyperinflation untill 2 years AFTER WW1. The 'damage' so to speak was done yet the hyperinflation happened a year after. WW1 went on for 4 years. Arguably hyperinflation took 5-6 years from the inception of the problem. Drawing parallels to COVID, we may not see the real economic impacts untill 2025!

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