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Inflation, negative interest rates and the impending introduction of CBDCs (which will bring along more purpose limited and expiring vouchers too) all cause or
by newscracker 3y ago
Inflation, negative interest rates and the impending introduction of CBDCs (which will bring along more purpose limited and expiring vouchers too) all cause or will cause money to expire. In other words, these are tools to prod people to spend now or invest somewhere now to keep the consumption economy going.
Depending on the country and other events, entire fiat currencies or specific denominations of fiat currencies can expire and become color paper worth almost nothing. We’ve seen this many times over the last several decades that fiat currency (not backed by gold or other physical asset) has existed.
It’s all about trust from every angle and every motive.