When the ship goes down, better be ready, to step onto Land.

How we should be looking at Bitcoin and other Cryptocurrencies Relative to Fiat.

Face it, the writing is now very clearly on the wall, describing the very near end of fiat currencies as anything useful to ordinary people.

Just as recorded in the historical accounts of the Weimar republic, it is only a matter of time until the purchasing power of our money drops through the floor.

There are a few key differences between what happened there, and what is happening now.

Firstly, this time, instead of one country owing impossible debt to some others, it is all countries owing impossible debt, to “The Banks”.

Key to understanding how that happened, is understanding how banks, and the instrument that they made their own; fiat money, actually works.

Money as debt.

For those not yet informed how that works; Google out the film of that name by Paul Grignon. It is all explained there in simple detail. As pointed out in the film, this is something never taught in school.

How dishonest.

But I digress.

That was history.