The problem is that the distribution of fiat has become too centralized. Fiat is far too easy to earn for some and far too difficult to earn for others. The on

The problem is that the distribution of fiat has become too centralized. Fiat is far too easy to earn for some and far too difficult to earn for others. The only thing holding the fiat system together are the elite's willingness to hold onto it in spite of the fact that it is worth nothing to them (particularly in our risk-free bailout-driven economy). The elites only hold fiat to create artificial scarcity; to create an anti-competitive moat around all their existing businesses. At this stage, from a capitalist point of view, the elites who hold fiat are doing charity work at a loss to themselves... It's a purely idealistic pursuit which is not grounded in their own self-interest. The ideological basis of this charity work is dubious and in the end, the real capitalists will throw their cronies under the bus for profit. The artificial fiat manipulation that we're seeing now is setting the stage for a massive wealth transfer. The incentives for betrayal between members of the elite keep getting bigger now that their freedoms are at stake.