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moneymetals

FRAGILE NATURE OF CURRENCIES: Why Gold & Silver Are High-Quality Stores Of Value

As the U.S. and global economy speed towards the Seneca Cliff, very few individuals understand the fragile nature of currencies. Today, we use the lightning speed of the digital banking system to make our purchases at the store or online. It has become seemingly natural to buy groceries at the swipe of a card. Only a small percentage of purchases are made with cash… paper money.

However, our high-tech digital banking system is built upon a highly complex system that consumes a massive amount of energy just to maintain business as usual. There’s this notion that technology will grow exponentially while at the same time making our lives easier. TV commercials are showing how individuals today have more power at their fingertips than entire generations in the past. While this is currently true, I can assure you; we are not heading into a high-tech world where robots do everything for us.

Unfortunately, due to the rapidly Falling EROI – Energy Returned On Investment and the thermodynamics of resource depletion, we are heading into a future with much less technology and a great deal more human labor. I know, it sounds insane to say that, but it’s true. Human labor and human farming have a much higher EROI than any technology used today.

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