Thursday, April 09, 2020
The Fed announced this morning trillions of new money being printed to support the economy.We really don't have an "economy" we have a game of fiat money distorting reality. Economies live on skills and work. Fiat money nurtures fianciers. Rather nurture an economy . Rather give rodenticide to Wall Streeters. The fed printing presses have increased output to the point of exacerbating shortages in paper products which includes tissue paper.Finally filthy lucre works in a bartered society and a financial society. Truly fungible.This proves that paper is a better store of value than fiat money.