Mankind has achieved quite a bit of interesting stuff over the years.
Disregarding the occassional war we’ve managed to raise our overall standard of living to levels never before seen.
But we have built on the quicksand of paper money.
When we base our “wealth” on a piece of printed paper, then we are truly at the mercy of our collective behaviour.
Some people want to print more of it
Others are very adept at gathering it
Some rely on being given it
Others want to borrow it
Some want to lend it
Others want to decide how it is distributed
Some have received it but produced nothing of value in return
Others want to steal it
Some want to give it away
But what really counts is the only real fact.
One day we will awake only to discover that we can no longer produce enough real stuff to cover the mortgage
Now that will be interesting
NZ Herald finally fixes something
15 minutes ago