DIGG THIS Fiat money is the mother of all toxic papers. The reason for bubbles, bursting and Bailouts, is our fake, phony, fiat, fraudulent, intrinsically worthless, "money." Because it is inherently fraudulent and criminal it spawns all sorts of other criminal and speculative aberrations. Among these we find all sorts of convoluted ways to "trade," in all sorts of other "securities" — all made insecure by being drawn from the same poisoned well. This encourages and institutionalizes all kinds of theft and speculation and discourages industry, frugality and creativity. It even encourages and draws out unlawful wars. For wars need … Continue reading Toxic Paper