Reply #122: The Dollar Will Be Repudiated

[Demeter]

There isn't enough gold in the world to convert paper money into. There isn't enough land available to purchase, and it's an illiquid asset, easily confiscated. Ditto shares of stocks--companies can be nationalized. Forget bonds--they have destroyed the value of bonds, even Treasuries, with their piracy and fraud.

The wealthy on paper--they have no skills, no friends, no family with skills or friends--will be crushed by the Ponzi schemes they've been running.

People who are not psychopaths, who respect and earn respect, will form new associations and rebuild.

It will be brutal. It will be catastrophic. But the ones with too much will find they have nothing worth having.