Not just a river...........................from Rico

The sophisticates call it 'normalcy bias' but whatever you call it, denial is a normal human condition and not just a river in Egypt.


The Weimar Germans held fast to the saying and belief that "a Mark, is a Mark, is a Mark" and were in a state of denial right up to needing wheelbarrows full of Marks to buy a loaf of bread.


I cannot say it in "bush language" but am pretty sure the same attitude prevailed in Zimbabwe right up to needing three hundred trillion Z-dollars to buy a couple eggs, before they switched to using US Dollars and other currencies instead.

- Have I mentioned yet that now they have abandoned US Dollars and prefer Chinese Yuan instead?


This segues neatly into the US Dollar, which Americans (being told 'officially' that there is no inflation, despite tangible daily evidence to the contrary) continue to insist "a Dollar, is a Dollar, is a Dollar" while heading straight into their own days when they will need wheelbarrows full of them to buy a loaf of bread, or a few eggs...unless they have some Ch Yuan handy.

- Or Gold.


While Americans (and they have plenty of company in this) continue their denial of the death of fiat currency, let's invert the paradigm and consider Western fiat in terms relative to Gold with Gold being of constant value and fiat losing purchasing power (value) against the purchasing power of Gold.

- This is to look at things very differently than our Central Bankers would have us look. The 'price' of Gold is NOT rising, but staying the same...it is the 'value' of fiat that is dropping like a rock.


And DENIAL is not just a river in Egypt.