This is the first in a four-part series on what typically happens during a hyperinflationary event.
Part 1 – What’s Happening to YOUR Money
Fiat Money; we work for it, save it and use it as a tool of barter. Our perception is that it has value, which is why we accept it. But the US Treasury defines it as a “non-interest-bearing debt”.
The Bank of Canada’s 2017 research paper on sovereign debt defaults report that sovereign debts defaults are on the rise and are more “closely correlated with rising public debt burdens than at any time since the 1930’s.” Personally, I think today is the best day to convert that fiat money into good money, while we still have the choice.