By Everyone in GCR Land hates the fiat currency system and all it stands for. Yet, everyone in GCR Land wants to know what their currencies and bonds are going to be worth in fiat currency (RV Exchange rates). In what universe does that make sense? We need to start thinking in terms of the “purchasing power” of a tangible asset, instead of prices in fiat currencies. “Rates” for IQD, VND, ZIM bonds, etc. are an illusion of the fiat currency system we all grew up in. Ask yourself, exactly what is a “rate” anyway. A rate of what vs. what?…
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