Shapeshift Boss Erik Voorhees Has Confidently Predicted Down Fall of Paper Money
Fiat’s downfall will occur for two reasons: the eternal printing and inflation, which drives its value toward zero, and the central planning of its price (interest rate), which will attempt to hold it above zero. Mathematics is thus violated, and doom inevitable.
The above prediction he made reacting to Peter Schiff post on Twitter. Schiff who is an entrepreneur, Chairman of SchiffGold. SchiffGold is a full-service, discount precious metals dealer specializing in investment grade gold and silver bullion.
Rising interest rates and QT are not the problem. They are the inevitable consequence of the problem. The Fed made a deal with the devil to postpone the necessary pain when it cut rates to zero and launched QE. The devil has finally showed up to collect. Welcome to hell!
Will fiat ever be dead? This is one question that has been on lips and books of all crypto currency enthusiasts.
If i must say, fiat don’t neccessary need die. All the world need is to see crypto as a solution to world problem.