As the national debt explodes and the federal government ramps up borrowing and spending, borrowing costs increase as well. Ordinary Americans will suffer the effects in due time.
The potential for denationalized money is real and important. But progress still must be made before cryptocurrencies can become true substitutes for fiat currencies.
Several nations look to develop a gold-based currency to bypass the US dollar. The world shall see after the BRICS nations meet next month how successful they are.
Understanding and practicing economics is the key to destroying the foundations of democratic socialism. This can only be achieved by insight into better ideas, and by reason. The Global Currency Plot is meant as a contribution to help the better ideas prevail.
