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IPFS News Link • Fiat Currency

What If There Are No Solutions?

•,by Charles Hugh Smith

Realists ask "what if" without selecting the "solution" first. The conventional approach is to select the "answer/solution" first and then design the question and cherry-pick the evidence to support the pre-selected "solution."

What if all the status quo "solutions" don't actually address the real problems? This line of inquiry is strictly verboten, for there must be a solution that solves everything in one fell swoop.

Examples of this approach abound: a one-size fits all solution that resolves all the systemic problems by itself. All we have to do is implement it.

Replacing fiat currencies is one example that I have explored:

You Want Truly "Sound Money"? A Thought Experiment

Contrarian Thoughts on the Petro-Yuan and Gold-Backed Currencies

I've also explored how real change works: it takes many years (or even decades) of sacrifices and high costs with none of the immediate payoff we now expect as a birthright. Real change pits those benefiting from the status quo against those finally grasp that the status quo is the problem, not the solution, and these political/social battles are endless and brutal because any gains come at somebody else's expense.