“With a contraction in bank liquidity and lending and an increased radar for bank stress testing from regulators due to the recent turmoil, banks with the highest [Commercial Real Estate] concentrations could see a pull-back on their lending books to allow their debt to roll off,” writes Trepp, an analyst specialising in securitized mortgages. As a result, there could be lower origination volumes in the coming months and years.
Yeah, fiat is not the answer imo because of its very definition.
A dictate requires men with guns who will threaten to end your life or throw you in a cage to enforce it.
I would rather not see a bank collapse, but i doubt people will learn in any other way besides pain. We absolutely need a seperation of money and state. Gold provides that in the physical world for sure, but you cant transmit gold over the internet to pay for your amazon order. This is why we need a cryptocurrency such as Monero
Fiat means decree, and fiat money is a currency that is decreed and backed by the government that issues it, meaning it is not backed by a commodity, such as gold or silver. This kind of currency has a short history as it arrived only in the 20th century (the only exemption were a few years in the 1860s in the US during the civil war, but that aside, fiat money was unknown in human history before 1913/14).
It has its name by the absence of this backing, but it has nothing to do with a threat to end one’s life or a cage or something.