Stage 6: Then the flight back into hard money. When taken too far, the overprinting of fiat currency leads to the selling of debt assets and the earlier-described “bank run” dynamic, which ultimately reduces the value of money and credit, which prompts people to flee out of both the currency and the debt. History teaches us that people typically turn to gold, silver, stocks that maintain their real value, and currencies and assets in other countries not having these problems.
