>Money is a surprisingly complex subject. Its not though is it. It's tremendously simple but nobody is taught and the subject is censored for good reason. >an

>Money is a surprisingly complex subject. Its not though is it. It's tremendously simple but nobody is taught and the subject is censored for good reason. >and yet what humanity has defined as money has changed significantly over the centuries. Centuries doesnt matter unless you're looking to understand why the USA is about to majorly collapse. Follow slavery along timeline for dutch and qinq, to british, to usa, to now uighurs in china. To become #1 you need slaves, when you ban slavery you lose your empire. Lets ignore the centuries. When the USA got into extreme debt during WW1 they went off the gold standard because otherwise they would effectively have gone bankrupt. Suddenly the government could 'print money' and they did. Bretton woods came along after great depression and tremendous debt of ww2. IMF basically switched to fiat but really what it was backed by north american natural resources. Not just gold, but oil, lumber, etc. When Nixon nuked this in 71-73. He was a crook but something happened that surprised everyone. The markets went up... it literally didnt make sense. USD should have collapsed. Technically if say during the 1980s, the US government switched to keep debt to gdp below 50% and never went beyond. They could have done that. The problem is that us politicians kept printing money. The financial crisis pushed the USA above 100%. The USA is officially bankrupt. Covid basic income schemes printing trillions only exacerbated the problem. >However, depending on where they live in the world, people are not very accustomed to keeping track of the quality of money itself, or deciding which type of money to hold. The USD has ~40% inflation locked in. At 7% it's going to take a few years. Everyone who is subject to USD reserve currency or for that matter uses the USD will be getting educated. This education will have consequences in many ways. For the first time the US people living right now will get to experience and feel their government debt. Obviously im not nostradamus but I have a feeling as a way to punish china and prevent the yuan from gaining this super power of being the reserve currency. The 'west' will all agree some crypto will be the new reserve currency they all trade in. Some proper non-deflationary nor inflationary currency. We are already seeing this happen as a grass roots movement. You know what happens when that happens? Countries which are heavily in debt will be required to fix their debt situation. Places like Germany or Switzerland who have decided by constitutional requirement to balance the budget and reduce debt are about to become immensely wealthy.