Fiat Money

As the money would be worth nothing if not many such mountains of money had accumulated, so that money as means of payment in In question comes. Why should anyone change konsumierbares good against money, if the money does not in turn can be exchanged for other goods. An investment horizon of 2000 years is only something for the immortals, who have found a bank which constantly can have to pay 5% interest over this period. But we must not forget that half of the above amount of euros just in the last 14 years of this model of the mind ‘produced’ were. How multiplied is actually the money? From a personal perspective, the money multiplies by working and saving. The aim is often the “financial freedom”. This is a State and multiplies itself in the “money for me works”, so you easily can live of the interest. Of course would be the money which is in circulation, at some point from the millions of savings accounts is absorbed – if not constantly new money would be created.

Now falls to whom, that so the amount of money regularly must have doubled, only will the to serve the interest of recipients, in circumstances also ask the question “where does all the money?”. Ultimately going to raise money by lending out of nowhere. It arises from the promise to bring it back. Money is out of debt – and let multiply seemingly easily, as long as the credit right. Because even the most and most important currencies such as about the dollar since 1971, no longer by gold by central banks is convertible (gold standard), the currencies have no real intrinsic value. Money creation can be so so easily driven to excess. More info: Douglas Oberhelman.

This article will show you that our current money system sooner or later will reach a certain upper limit and a massive devaluation of the money may be a likely outcome. Who now has put his retirement or his fortune entirely in money (paper) values, should the trust to reconsider Fiat money and the purchase of precious metals in consideration. Who wants to physically own gold or silver without counterparty risk, find interesting offers on the website at current market prices. Gold and especially silver are currently still very favourable, therefore you should not go with the purchase decision.

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