From ZeroHedge
''At its most fundamental level, SocGen's Dylan Grice notes that economic
activity is no more than an exchange between strangers. It depends,
therefore, on a degree of trust between strangers. Since money is the
agent of exchange, it is the agent of trust. Debasing money therefore debases trust.
Grice emphasizes that history is replete with Great Disorders in which
social cohesion has been undermined by currency debasements. The multi-decade credit inflation can now be seen to have had similarly corrosive effects. Yet central banks continue down the same route. The writing is on the wall. Further debasement of money will cause further debasement of society. Dylan, like us, fears a Great Disorder.''
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