Saif House The Fiat Standard: The Debt Slavery Alternative to Human Civilization

Best book ever so in lightning and highly recommended for everyone who seek financial education

Anyone who thinks even just a little bit knows that there is something deeply wrong in modern society. And they likely intuit that none of the popular explanations for our global societal malaise really stack up. Politicians are masters of assigning blame: Immigration; foreigners; systemic racism, billionaires (something that just 30 years ago were as rare as a unicorn); “greedy” corporations; bankers; the media; “misinformation”; too much taxation; too little social support and on and on it goes. But few of us have better answers. The Fiat Standard is that better answer. It is no less than a unifying theory of the rot at the heart of modern civilisation and what can fix it.The Fiat Standard searingly cuts through the media and political noise that deranges public discourse and delivers a devastating takedown of the very foundation of the misnamed “rules based international order”: A thoroughly corrupt monetary system.It’s a slow read in that almost every page triggers a surge of realisation and reflection as the reader relates the book’s arguments to their own experiences and observations and is shown the connections between seemingly unrelated problems. The devaluation of education; the corruption of academia; the decline in social mobility; two world wars and the growing risk of a third one, whatever form it might take; increasing inequality both among nations and within nations; a pandemic of political corruption; the reason you can’t afford a house like your parents had; rampant consumerism; obesity; the breakdown of the family; the inexorable expansion of the power of the State over every aspect of your social and economic life; the ever intensifying cycle of bubble and bust and the ensuing bailouts of the mega corporations that just get bigger and bigger and more powerful - all of it has its roots in the fiat standard. If you think that sounds fanciful, ask yourself: compared to what? Sure, more proximate causes can be identified for each one of these things examined superficially in isolation but ask yourself: Why has all of it been happening in a single 100 year period?By the time you get to the end of the book, the truth of it is obvious. The clarity of the conclusions are literally blinding as it dawns on the reader the extent to which the rise of Bitcoin is by far the single most important and hopeful phenomenon happening in the world today. Before Bitcoin there wouldn’t have been much anyone could have done about the omnishambles that is our global monetary system and the horrifying perversity of the incentives and outcomes it produces. The power of the ballot is a useless, illusory, periodic release valve for public anger. If you’re wealthy enough, you could move to another political jurisdiction. Good luck finding one you can afford to move to that isn’t just another variant of the same virus. The cartellisation of global political power into supra national institutions means continues to batter the feasibility of that option anyway. You can rage against it on social media but - good luck with that. You’d be far more likely to get censored than to meaningfully effect political change. But with Bitcoin, everyone can contribute to starving the system by simply stepping out of it, and protect themselves and their families in the process.Maybe this review is hyperbolic. Maybe naively optimistic. But if that’s true, then human civilisation really is f****d.Do yourself a favour: Read this book and act accordingly. Do your kids a favour: Get them a copy, preferably before you place them into the indoctrination matrix of modern education.

Education on the legacy financial system and the harm that the system has caused to our wellbeing and wealth is crucial. 2008 was a catalyst for my layman education on the subject. My children and hopefully theirs too will benefit from this education. Once you see unfortunately there is no way to unsee.We have been done.No more.

Very useful to have a guide which compares the world of fiat money directly with a BitCoin world, including mention of fiat as a debt and reserve standard, compared with BitCoin as a savings and reserve standard.

It will change your prospective on life. A must read.

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