The World Is Hoarding Alternative Money As Almost All Major Countries Are Going Through The Classic Stages of Economic Collapse
April 29th, 2013
Hoarding Alternative Money & Reforming Banks
Argentina is going through the classic stages of economic collapse. The government seized all pensions. They are destroying everything that gives the people incentive to be a society that emerges from the cooperation of everyone. When government turns against its own people, even as the USA is currently doing, you end up with deflation insofar as the economy collapses and wages are not available, while hoarding emerges as does barter. This is why we find hundreds of cities in the USA issuing their own local currency because there was not much available especially after the sovereign debt defaults and the closure of more than 3,000 banks. In Japan when its currency collapsed, it entered a dark age where there was no coin issued for about 600 years. Rice became the standard of money. It is more often than not, basic commodities that become the alternative money supply. Currently, we are starting to see the very same patterns emerge in Argentina….