Can you elaborate on the cold-death of fiat? Specifically, the wealth extraction process populations are subjected to. How does it manifest? I understand you refer to QE its effects, inflations, which raise prices of goods in the economy, diminishing value of everyone's fiat possessions; but as far as I can see, salaries increase proportionally, hence compensating for the loss of purchasing power. Basically money weights a little less in my right pocket, but more enter my left pocket. What I am missing? Is this a multi-faceted process-mechanism that involves other means of extraction, such as emission of government debt or private actors front-running the QE at the upper end of the pipeline?