Comments by "Frederick Miles" (@frederickmiles8815) on "The Collapse of the Dollar and Its Cohorts Will Shock the World." video.

  1. Inflation will be transitory and will cause a massive liquidity crunch - without QE. With QE the global economy with turn into Japan. You are correct this system is based on debt notes, not money - hence the increased liquidity that both leads to massive economic growth and innovation and at the same time massive, massive asset bubbles in the financial economy - its a trade off. You cannot have a digital economy with metal based money - however digital currency works will with the fractional reserve banking model. The biggest pain point we have is due to the Fed's and elected officials of either party not understanding monetary and fiscal marco policy - they just understand pieces of mico-economics. Combine this knowledge gap with an unwillingness to deal with pain - like Volcker die - creates paper handed approach where QE sucks liquidity (debt) from the system creating a liquidity trap.
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