The author needs an editor to strike out nearly all the adjectives and turn the hype knob down several notches. It’s overshadowing decent information.
They’ll keep playing pretend so long as every major currency goes along with the game. So, it could go on for a while yet. The game will end quickly when even one of them stops playing along, due to war or some other large scale event.
It can’t end well, that much is evident to any honest observer. But, here we are. It’s held together better since 2008 than I would have expected. Delaying the inevitable will make matters worse when it finally comes down, I suspect.
Governments will fall.
The federal reserve has been printing FIAT money for many decades now.. Currency is not money anyway.. Dollar bills are IOU’s to the federal reserve they are not tangible assets..
America is playing Monopoly has has been for a long time..
-——but they clearly have not studied nor grasped the key lessons of history——
I would argue to the contrary. I would argue that they have not only studied their history well but have all more or less reached the same conclusion. The only way to conquer the debt is to inflate it away. The key lesson of history is that debt is dissipated by inflation