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MoneyWeek/Dominic Frisby/9-8-2022
“It’s not just the pound, even if it is one of the worst offenders. It’s all fiat money. I’ve been banging on about it for 20 years but I may as well bang on some more: fiat money and its devaluation is the greatest and most pernicious intergenerational theft in history.”
USAGOLD note: Frisby says we might finally be in the “end game” for fiat money in general, not just the British pound. That aside, he is hoping the Truss government will lead a turnaround for UK’s currency – once the world’s top reserve currency.
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