Is the Anger Toward Fiat Currency Justified?

Back in 2012, the Cato Institute published a paper titled The Coming Fiat Money Cataclysm and the Case for Gold. The libertarian think tank is hardly unique in its animosity toward the fiat currency system, nor was its 2012 paper wholly unique in its concepts and sentiments. It did, however, predict some of the issues we are trying to resolve today, notably inflation linked to the era of “cheap” money through low-interest rates.

Today, if you look at social media, particularly platforms like Reddit and Twitter/X, you’ll also find plenty of derisory posts about the fiat system. What’s more, we might argue, albeit unscientifically, that the backlash is growing. Some of this can be quantified. For example, there is some correlation between the rise of Bitcoin as hard money with a limited supply and
the criticism of the fiat currency system. However, some of it is not so easy to quantify, such as the animosity toward fiat currency being linked to wider dissatisfaction with the state.

But is any of it justifiable? The problem with answering that question is that there are both economic and sociological answers. The former is easier to frame, whereas the latter is not. Let’s start, though, by analyzing what we mean by fiat currency, which will help us understand its critics.

Fiat currency is effectively all money

Fiat currency is essentially money not backed by a physical commodity (gold or silver, for instance). It is, therefore, nearly all the money in existence in the world today. When you look at the trillions of dollars being traded in forex markets, it is fiat currency that’s being traded. The Canadian dollar used to be partially backed by gold, and some of its value is derived
from oil prices, but despite some arguments to the contrary, it remains a fiat currency.

So, why, then, should we criticize money? Well, it’s due to the fact that having no physical backing, such as a lump of gold or a barrel of oil, central banks and governments can print that money out of thin air. The charge against it is that printing new money creates more of it (naturally), and that eventually devalues it. You’ll often see anti-fiat accounts on Twitter/X
posting charts of how their currency’s purchasing power has declined or will decline over time. This is the economic argument against fiat currencies.

This chart shows how many years it would take for each fiat currency to lose 50% of its buying power if today's inflation rates remained constant.

The red line marks the average number of years worked before retirement.

There will be no retiring if one chooses to save in fiat. pic.twitter.com/P5CjXg5v3e

— Sam Callahan (@samcallah) April 2, 2024

However, the argument loses merit when certain factors are pointed out. Yes, the Canadian dollars in your pocket lose purchasing power over time, and that’s why you can’t buy a house for the same price as your grandparents. Yet, you also will earn a lot more than your grandparents. If something used to cost a dollar and you earned ten per hour later costs five
dollars, yet you earn fifty per hour, there isn’t really a problem. Of course, that’s just the theory, and it does not always work that way in practice.

Wages keeping up with inflation

In Canada, for example, disposable personal income has tripled since 2001. It also increased in the last quarter of 2023 (the latest period for measurement). Have wages kept up with inflation? Not always; you might look at everything from the cost of a cup of coffee to your mortgage payments to consider that it hasn’t. But the problem is not fiat currency in and of itself. It is the balance between price rises and the amount of money you earn. From the period 2019-2022, average hourly wages grew 12.5% in Canada; CPI rose 10.1% in that time. There were accelerated periods of inflation, particularly in the aftermath of the pandemic, but on balance, wages kept up with inflation.

Now, none of this is meant to say that the fiat system is perfect, nor does it suggest that the government and central banks get it right on balancing the system. But broadly speaking, the antagonism toward fiat currency tends to be more sociological than economic. In short, people are angry at the system, not fiat currency itself. Those pushing the demise of fiat currency are often anti-establishment, at least ostensibly. They are interested in concepts like Bitcoin not only for financial reasons but also because it is not a creation of the state.

Their concerns do go into other areas, such as central bank digital currencies (CBDCs), and it leads them to see the fiat currency system as one of control. How valid are those concerns about CBDCs? We would be foolish to dismiss them, and there should be perhaps a sense of frustration that the mainstream media is broadly ignoring the threat. At the moment, the official line from Canada is that there are no plans for a CBDC – yet. However, and this is important – the BoC is apparently researching the “need” for one in the future.

What would that “need” be? Could it be the control of citizens’ finances? There is an all-too-scary suggestion that this could be the route that governments take, where fiat currency becomes less money and more like social credit. You drink or gamble too much? Well, the government will freeze the money in your account until you prove you are spending responsibly. If we go into a situation where fiat currency becomes a system of control, then inflation is the least of our worries.

For some, there is a sense of a tipping point on the horizon. We have this situation where governments are constantly printing money – and taking on huge amounts of debt – and we have the specter of CBDCs. You can, therefore, understand the allure of Bitcoin and other decentralized forms of currency, although those systems in themselves are not perfect. The
question, though, is whether we meet these challenges before the tipping point is reached?

Todayville Content Team

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Published on November 23, 2024

Todayville Content Team

Canada is renowned for its breathtaking landscapes, bustling cities, and vibrant culture. However, many people are unaware of the country’s thriving nightlife scene, from interesting clubs to cultural venues to gambling havens.

Whether you enjoy concerts, night shows, dance floors, entertainment parks, or brick-and-mortar casinos, Canada offers a diverse range of options to cater to your needs. These are the top seven fun destinations, highlighting the best nightlife experiences Canada has to offer.

1. Niagara Falls, Ontario

Niagara Falls is home to one of Canada’s most exciting entertainment hubs. Placed between Lake Erie and Lake Ontario, near the border of Canada and the US, this town offers dozens of venues where people can spend a cozy evening or go for some energizing partying.

Want to hear some live country music? There’s the Big Texas venue. Fond of Italian culture and music? Club Italia hosts frequent concerts and other events.

At the Copacabana venue, you can enjoy listening to Latin rhythms and sounds. Thanks to the melting-pot community, the multicultural atmosphere prevails in Niagara Falls.

For a longer night out, Jacks Cantina and 365 Club are pleasant places. Dance, chat your night away, or just spend some cozy time with your friends

If you want to try your luck there’s the Fallsview Casino Resort, the city’s gaming flagship.

2. Vancouver, British Columbia

Granville Entertainment District – remember this toponym if you want to spend a wonderful night out in Vancouver. Situated in the middle of downtown Vancouver, it’s populated with nightclubs, bars, international restaurants, and live gigs from almost all parts of the world.

The Commodore Ballroom and The Roxy are two notable venues for those who like disco and pop music dance floors, while Steamworks is a nice place to start your night by trying dozens of beer flavors (but not on the same occasion, as this might be the first and last place you’ll visit that night).

Also, Vancouver is an important comedy center, with several venues that host stand-up comedy, and other comedy genres (The Improv Center and The Comedy Department, to name a few).

A night out without tossing a dice or playing a game of cards is incomplete for many. Hence, think about visiting Parq Vancouver Casino – the successor of the once-popular casino destination Edgewater Casino. As an alternative, think about online gambling platforms. While British Columbia only has one state-run option for players, many players opt for offshore instant withdrawal casino platforms. These casino sites allow players to enjoy high betting limits, instant withdrawals, and wager-free cashback deals (source: https://www.techopedia.com/gambling/canada). The shift towards online gambling is a growing trend in Canada, with Canadians spending $1.4 billion wagering at offshore casinos due to the convenience and variety of games.

3. Montreal, Quebec

Montreal is perhaps the most alluring town in terms of nightlife in Canada. For starters, it hosts one of the largest carnivals in North America, The Montreal World Carnival. If you’re, by any chance, planning to visit Montreal this November, make in the period 19-21 November, as this is when this year’s carnival is going to take place. Compared to those in Rio and Venice, it displays the wealth of ethnic groups and customs from different regions of the world.

While already there, don’t miss the New City Gas – a unique industrial-like place with various fun areas for different tastes. The Club Unity is another venue that deserves your attention, together with dozens of classy restaurants. Remember that Montreal is in Quebec, which is highly influenced by French heritage, both in terms of customs and cuisine. In combination with a rich immigrant melting pot, this city is a unique experience for people living in Canada and foreign visiteurs.

4. Calgary, Alberta

Alberta doesn’t sound like the most partying region in the world, and this isn’t a wrong assumption. Better known as the host of the 1988 Winter Olympics than for crazy parties, its biggest town Calgary still has something to offer to its visitors.

For starters, it’s the annual Calgary Stampede – a unique event that exercises country-music concerts, numerous rodeo events, and plenty of accompanying acts all day long, with numerous events that unfold deep in the night. The next event will be held in the period 4-13 July 2025. Shania Twain has already confirmed her concert within the festival, with many other country stars expected to book their concerts.

If you want to move away from country music and visit something different, The Commonwealth Bar is the best place for house and techno lovers, while The Twisted Element is the most inclusive club in Calgary. And if you want to feel some heat on cold Calgary nights, the Pepi’s Club offers a mix of Latin rhythms and drinks.

5. Ottawa, Ontario

As Canada’s capital and a major tourist destination, Ottawa has its gems for entertainment and interesting nights out.

For beer lovers, there’s Beyond The Pale bar on the premises of the eponymous brewing company. From craft beers to classic mass-produced counterparts, there’s a wide range of options for every kind of taste buds.

As you warm up here, you might want to hit one of the jazz lounge clubs, such as The Earl of Sussex or the Options Jazz Lounge. You can even have a nice meal while listening to jazz standards and the sounds of modern jazz.

To dance the night away, go to Babylon or The Mercury Lounge. Disco, house, power pop, you’ll find different types of music fun at these places.

If you happen to come to Ottawa in September, don’t miss the Latin Sparks Festival, where you can have loads of fun and dance long into the night.

Conclusion

This is the end of our tour of the most appealing nightlife town in Canada. Let’s mention the elephant in the room, as well: we didn’t cover Toronto because it’s a safe bet for exciting nightlife, and most guides have already dived deep into the festivals, venues, and other places that make the capital of Ontario unique.

As you’ve seen, Canada’s towns offer a diverse range of nightlife experiences across major cities. From Niagara Falls to Vancouver, each location provides a unique combination of fun options, highlighting the country’s local cultures and attractions.

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World of Warcraft offers one of the richest and most immersive MMORPG experiences, with endless zones to explore, dungeons to conquer, and challenging encounters to overcome. However, with so much to accomplish and the time investment required to progress, maximizing the experience in Azeroth can feel daunting, especially for newcomers.

This is where WoW boost services come in. Boosting allows players to unlock new achievements, level up, and access advanced content quickly and efficiently. In this guide, we’ll explore how to buy WoW boosting services efficiently, so they may help you reach in-game goals faster, making the journey through Azeroth smoother and far more enjoyable.

Key WoW Boosting Service Available at Boosthive

Boosthive offers a diverse array of WoW carry services tailored to meet the needs of every player. From power leveling to raid completions, each service aims to help players access higher-level content and collect valuable rewards without the grind — here you can see them all. Look at some of the essential boosts available:

Power Leveling Services
Power leveling allows players to skip the time-consuming leveling process and jump directly into high-level gameplay. Whether you’re aiming to reach the level cap or start playing the latest expansion’s content, Boosthive offers quick and reliable leveling services that get you there effortlessly.
Dungeon and Raid Boosts
Accessing high-tier raid gear and completing challenging dungeons is essential for powerful builds and competitive gameplay. Boosthive’s raid, dungeon, and mythic boost services provide experienced players to guide you through key encounters, ensuring you obtain rare loot and achievements.
PvP Boosts
PvP can be one of the most rewarding but also challenging aspects of WoW. With PvP boosts, you can raise your rank, earn honor and conquest points, and unlock exclusive PvP rewards with the assistance of top-tier players.
WoW Gold Boosts
In WoW, gold is essential for everything from purchasing gear and mounts to covering various in-game expenses. Boosthive’s gold farming services provide a quick way to acquire substantial amounts of gold without the grind, allowing players to invest in their character’s progression or explore Azeroth’s luxuries with ease.
Gearing
Optimal gear is key to tackling WoW’s toughest content. Gearing boosts provide players with high-quality equipment suited to their class and specialization, letting you skip the time-consuming process of farming for specific items and jump straight into challenging PvE or PvP content with a competitive edge.
Mount Farming
Mounts not only serve as fast and stylish transportation but also showcase player achievements. With mount farming services, Boosthive can help you acquire rare and highly sought-after mounts that often require hours of grinding or defeating difficult bosses, adding prestige and convenience to your collection.

These services make it easier to maximize your WoW experience, allowing you to focus on exploring Azeroth, achieving personal goals, and mastering the game with a powerful, well-equipped character.

How to Choose & Get WoW Carry Service from Boosthive

Selecting the right WoW carry service with Boosthive can be a straightforward and rewarding process if you follow a few simple steps. Boosthive offers a diverse range of services tailored to various playstyles and goals, ensuring you get the support you need in Azeroth without unnecessary hassle. Here’s how to make the most out of your World of Warcraft boosting selection:

Identify Your Goals and Needs
Start by determining what you aim to achieve in WoW. Are you looking to increase your character’s power level quickly, unlock a specific mount, farm valuable gear, or complete challenging endgame raids? Boosthive offers services across all these areas, making it easy to target exactly what you need. For beginners, starting with leveling or gearing boosts can lay a solid foundation for a successful journey in Azeroth.
Explore Service Details
Each Boosthive service includes detailed descriptions of what it offers, estimated completion times, and available customization options. This transparency ensures that you know exactly what to expect. Reviewing the specifications will help you choose a service that aligns with your schedule and objectives, ensuring a smooth experience from start to finish.
Customize Your Service
Boosthive’s services often come with flexible options. You can tailor many offerings to match your playstyle or specific requirements, whether that means opting for self-play, choosing additional rewards, or focusing on a specific skill. Customization options allow you to shape the experience to suit your unique goals, maximizing the value of your carry.
Place Your Order and Relax
After selecting and customizing your service, simply complete your order, and Boosthive’s experienced players will handle the rest. The team’s professionalism ensures a seamless, secure experience with your account’s safety as the top priority. Communication is open throughout the process, and you’ll receive updates on your boost progress.
Enjoy the Rewards
Once the service is complete, you’ll receive all the benefits outlined in your order. With boosted gear, new achievements, or additional mounts, you’ll be ready to tackle even greater challenges in Azeroth or simply enjoy your upgraded WoW experience.

Why Choose Boosthive?

Boosthive stands out as a WoW carry provider for its commitment to customer satisfaction, secure services, and a track record of helping players reach their in-game goals. With highly skilled boosters, a reliable reputation, and round-the-clock support, Boosthive ensures your boost is both effective and enjoyable. By selecting Boosthive, you’re not just buying a service—you’re investing in a premium WoW experience that saves you time, enhances your gameplay, and helps you achieve all that Azeroth has to offer.

Whether you’re a newcomer seeking to catch up or an experienced player aiming for top-tier achievements, Boosthive has the right carry service to enhance your WoW journey.