You are viewing a single comment's thread from:

RE: USD Scam Coin Surpasses $20 Trillion in Debt, but You're Supposed to Fear Cryptocurrency

in #cryptocurrency7 years ago (edited)

You're right... this entire perspective can be confusing to people born into the pervading system. That's one reason I'm writing a fantasy novel set in medieval Ireland, to illustrate the problem you mention here: "My biggest concern with fractional reserve fiat debt-based currency is how it is used to fund wars that would otherwise be impossible." In the story, one of the three Gaelic deities/faeries known as "war starters" (this is actually a Gaelic thing) will start a war by funding it much like a central bank would. The idea being, debt funding is "magic"... it belongs in the realm of faeries and goblins. Title: To Coin a War. (Celts were famous for poetry and coining a phrase.) Anyway, your entire post was well stated!

Sort:  

That sounds really interesting! Please ping me when you make it available.

Thanks. I'm serializing it here on Steemit, so the first four parts are available here. And the Steemhouse Fiction Trail ( @sft ) has expressed interest in creating a publishing imprint for authors here and publishing To Coin a War when it's finished.