SLP469 Is the World Really Dedollarising? with Peter St Onge
Stephan Livera Podcast
00:00
The Problem With Frustrational Reserves
The US dollar, the thing that we call the Fiat token, has been defined as the individual. And you can find as the inflationary thing that's constantly being devalued over time. So it's just kind of people are trapped into a system without even understanding the legal circumstances under which they are there. Because they do not know how it works. It is inconceivable to have a fractional reserve system where everybody is in it and it's double hindmost.
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