https://www.youtube.com/watch?v=qjkwVjpt6jk

Look no further to see why Rome collapsed. Simply put, the emperors destroyed Rome's silver currency and economic authority by debasing the percentage of silver, until inflation ripped away peoples' confidence.

England's currency was also silver - the Lb in weight of sterling silver being a month's wages for a labourer from the earliest times. ..the L in Lb meaning Libra, the Latin word for a Pound in weight. Written as £ on banknotes, being the letter L. It means a pound of silver, long forgotten by most people today.

Paper money was introduced in England in 1794, replacing silver and gold coins, with the promise to swap paper for metal on demand - the promise is still printed on banknotes. Yet under The Bank Restriction Act of 1796, people were no longer able to swap back to metal.

The value of the paper was still linked to precious metal until 1914, when a £ or Lb of silver was still a month's wages for a labourer in London. Once the link to precious metal was removed in 1914, inflation took off. The value of a Lb of silver and the price of gold suggests inflation of the pound has been 3000 times since 1914 until 2023, an average of 7% a year.

Yet governments and The Bank Of England try to say that their target for inflation is 2%. Money halves in value every ten years as a rough guide to what's happened since 1914.

With digital currency, inflation is unlikely to be any slower than it's been since 1914. That said the English political structures will no doubt teeter and collapse as did Rome. We need to re-establish the link to precious metal or at least permit people to convert paper or digital representations of money (They are not real money) into metal by removing silver and gold from taxation, no VAT, no CGT and no taxes for holding inflation at bay by holding metal in total.

At least that way people can protect themselves and be able to pay for things they need. Also preserve their liberty and livery.