Um die nächste Krise zu meistern, muss man den Unterschied zwischen echtem Geld und Fiat-Geld verstehen – Gold ist echtes Geld, alles andere ist Kredit mit Kontrahentenrisiko

Understanding the Difference Between Credit and Real Money

Understanding the difference will be vital to financial survival

By Alasdair Macleod MacleodFinance Substack February 27, 2024

Due to its abuse pariculaly by governments, it is credit which presents the greatest risk to our finances today. To appreciate why this is so requires an understanding of what credit represents, and how it differs from real money, which is physical gold without counterparty risk. Credit is always matched by debt: your financial asset is always someone else’s obligation. The collapse of credit’s value happens when a currency (which is also credit) is not attached by exchangeability to gold. That is the danger facing the entire dollar-based financial system today, now that we see the US dollar is ensnared in the US Government’s debt trap………………


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