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RE: Time Value of Money

in TradFi • 6 days ago

I think government bonds are not inherently good or bad. I think the way they are structured today is pretty close to piracy.

Selling "low" interest bonds and inflating the currency just ruins people who live paycheck to paycheck and makes poverty worse imo.

It also keeps interest rates artificially low which is only good for business until they need to raise interest rates. On net I think it is worse for everyone involved. Fiat as it exists today is relatively new and I think it becomes more obvious by the day it is not all sunshine and rainbows.

I am not sure what the answer is. If everyone woke up tomorrow and stopped buying government bonds I am fairly convinced everything would collapse and society would turn into Mad Max or Fallout or something 😅

6 days ago in TradFi by
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         6 days ago (edited)

        I think if fiat money collapsed, we would see a fairly swift resumption of silver as commodity money, but I live fairly close to the Idaho panhandle silver country where mining and mounting are already established and rural people already tend to think libertarian-leaning ways about money and trade. Urban centers reliant upon government largesse might well collapse.

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               6 days ago 

              Urban centers reliant upon government largesse might well collapse.

              Yea for sure. Urban Centers are very not natural and propping them up creates a lot of downstream consequences. That is why food is so bad in the US because they need to pump it with preservatives to get it to last so long. Weird times we live in but it is nice to see people start to realize there are better ways to live.

              I am more libertarian leaning myself but there are not a whole lot of good options when it comes to politics. We are not going to fix the political system anytime soon. Guessing when/if we get some younger people in politics things will get a little better but who knows lol

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