Excellent article about debt and what constitutes as money.
Study Fiat. Study Bitcoin.
đź”´ After 100 years, the Market has realized that Debt isn’t MONEY; the trouble in the Global Bond Market is the Proof.
In the 1930s, the world went off the gold standard, and since then, it has never truly returned to it. Instead of the gold standard, a new system emerged—the debt standard—where debt replaced gold in the monetary system.
