By Tekoa Da Silva
''I saw a YouTube video published by Nick Barisheff recently (not an endorsement), which details his argument for hyperinflation and $10,000 oz. gold. While I don't doubt the possibility of $10,000 oz. gold, I’m highly skeptical of the possibility of hyperinflation in the United States and Europe. The reason is simple: Money today is not what money was 50 or 100 years ago.
Money today is digital, and all money can be controlled through digital mechanisms. Money can be "shut-off", the flow of money can be temporarily halted, and money supply can be "erased". Additionally, tools within the banking system, such as a debts being called-in on mortgages, credit lines & access to credit being eliminated, can create money-draughts and reduce the money supply. An economy wide debt-calling collection would create a shortage of money, along with forced liquidations of financial assets and commodities.''