The Law of Supply and Demand Will Guarantee the Demise of Our Monetary System.
In this report, I cover the early market action from London on Wednesday, April 10th, 2019. I look briefly at the precious metals, the stock market, the dollar, the bond market and the price of WTI and Brent crude oil.
Today I look at one of the most fundamental laws of economics or human transactions which is the Law of Supply and Demand. By looking at how money evolved through the Austrian School perspective it is easy to see how our current debt-based fiat currency monetary system is doomed to fail.
In a modern capitalist economy money is the most marketable commodity which simply means that it is the commodity in the market that most people will accept in exchange for other commodities and services. Historically the most marketable monetary commodities have been silver and gold. Unfortunately for many decades, our monetary system has been hijacked by the bankers and politicians as the public is now forced to use irredeemable paper currency as money.
My conclusion is that this current monetary system is doomed to fail as it is not based on reality or real commodities but on the whim of bankers and politicians. The Law of Supply and Demand will ensure the destruction of this system as there will come a point where everyone will lose confidence in irredeemable paper money.
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Last month the asset of BOJ surpassed GDP. Some Japanese have begun to talk about bail-in that Japanese government did to clean it's financial deficit made by WW2 in 1946.
@ryutaro, Thanks for the updates about Japan. I am going to look into what is going on in your country a bit deeper.
Very informative had a week or two away, just trying to balance my time away from the screen a bit. Missed some great info by the looks of it. Although inspired again but visiting #coinfest. Nice to be back 💯🐒
After the trade talk a #coinfest I actually understand the trade jargon like the shoulder haha. People don't realise the flaws in the fiat system when you explain people come back with shock stating it can't be that simple. Slowly they will be converted 💯🐒