Fiat currency - is it doomed to failure?

[northernladuk]

All this from the guy that can't use a PC

[BR14]

More of the usual Magic Beans promotion.

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[barrydidit]

More of the usual Magic Beans promotion.

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This is the bit scoots struggles with

[fullyautomatix]

Is ScooterScot Baroness Mone of Mayfair OBE's secret lover?

[Mordac]

I'm not so sure. I think the US dollar will divide into various forms of US dollar between the states. Like New York state dollar, Californian dollar etc. But only four or five states, the rest will be stuck with a deprecating original dollar.

If you're supposed to be on prescription medication, it's a good idea to take it once in a while...

[vetran]

Is ScooterScot Baroness Mone of Mayfair OBE's secret lover?

Nah that's Mich! He would.

Dame Edna is more Scoots league.

[AtW]

The US will prevent any other currency becoming strong enough to challenge it as the global currency, until something is good enough and trusted enough to become a gold-backed currency. Which means the USD is safe for a long time to come yet. Sorry scoots.

EUR is the second reserve currency now, there is no place for 3rd which is why Sterling needs to go, this will happen as a condition of re-joining EU - moronic Brexiteers will be responsible for that

[GreenMirror]

FIAT currency is borrowing from the future. At some point the future will want it back.

[LondonManc]

I'm not so sure. I think the US dollar will divide into various forms of US dollar between the states. Like New York state dollar, Californian dollar etc. But only four or five states, the rest will be stuck with a deprecating original dollar.

Get back to licking your window.

[LondonManc]

EUR is the second reserve currency now, there is no place for 3rd which is why Sterling needs to go, this will happen as a condition of re-joining EU - moronic Brexiteers will be responsible for that

The Euro isn't strong enough to be a reserve anything.