Out of Thin Air, Into Thin Air

In 1923 the money in The Weimar Republic became worthless due to hyperinflation. The same thing happened in France around 1796.

A fiat currency is what most of the world has. It is little pieces of paper, backed by nothing except our belief in little pieces of paper. Sometimes referred to as toilet paper money, it can be created out of thin air by central and private banks. The opposite of a fiat currency is one backed by something like gold. We used to have this.

A few billionaires think it might evaporate again. Do they know something we don’t? About a quarter way down in the attached article, the billionaires ask a media theorist (who they hired at great expense and flew to a secret location) how they will pay their security forces after ‘The Event’, once money becomes worthless.

Strange days indeed. They don’t seem to be joking.

https://medium.com/s/futurehuman/survival-of-the-richest-9ef6cddd0cc1

4 Comments

  1. That really was an interesting article! Gives the ol’ grey matter something to ponder… And also makes me more concerned about the future my grandkids (and their grandkids) will be stuck with. I definitely want to go back to the 1960’s.

  2. It’s all too much for me. I hope I will be long gone before ‘the event’ happens. If not, I agree with the last statement, that human being is a team sport, and maybe the only one that I have a hope in hell of doing moderately well.

    • TFO

      May 8, 2019 at 7:28 pm

      I had a t-shirt in the 1960’s that said ‘Stop the World I Want To Get Off’
      I feel that a lot these days.

  3. All true. The single best text on this is The Creature from Jekyll Island.
    Its much easier to see a youtube fail video, or the latest Lady Gaga video…Good luck to us all.

    https://books.google.ca/books/about/The_Creature_from_Jekyll_Island.html?id=ClE4YgEACAAJ&source=kp_book_description&redir_esc=y

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