Interesting video - easy to follow - The Incriminating History Lesson They Just Can't

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Ah, I was thrown by the word "worth". You are correct, not that you needed to hear that from me.
 
I watched the entire video, agreed that ( all) paper money is worthless and will indeed be so someday depending on global conflict.

BB
 
Apparently cash is not king.
 
Every central bank has a target rate of inflation that eventually devalues the currency towards 0 over time. It's a way to keep people spending money today instead of saving it for tomorrow and stimulates the economy.

I really don't see what's shocking about all of this. As well as the claim that this is something "they don't teach at school". This is common knowledge.

The Bank of Canada target rate of inflation is 2%. It even says so right on their website:

http://www.bankofcanada.ca/core-functions/monetary-policy/inflation/
 
Lightcycle said:
Every central bank has a target rate of inflation that eventually devalues the currency towards 0 over time. It's a way to keep people spending money today instead of saving it for tomorrow and stimulates the economy.

I really don't see what's shocking about all of this. As well as the claim that this is something "they don't teach at school". This is common knowledge.

The Bank of Canada target rate of inflation is 2%. It even says so right on their website:

http://www.bankofcanada.ca/core-functions/monetary-policy/inflation/
Click to expand...

And if they had this fairy-tail "gold standard" all they have to do is print 2% more cash every year....

Actually a little more complicated (but not much) than that but you get the idea, gold standard in all of this is a fairy-tail that is just as easily manipulated.
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