Sarah Hoyt: “And I think the whole world is headed to a headlong crash with reality. And suddenly I don’t feel like laughing at goldbugs.”

But wait, there’s more. Insofar as an economy and a monetary system is not just a way to ease transactions between people but a contract with the future – you invest, borrow and such from people twenty or more years ahead by having something that will keep its value into the future – we’re breaking our contract in a spectacular way. Whether the economy or civilization itself can survive this remains to be seen.

But wait, there’s more.