Fiat currency - is it doomed to failure?

[scooterscot]

Can't be the only one observing the failing of fiat money from emerging economies. Venezuela, Turkey, Argentina, South Africa, whose next?!

Brazil will be next me thinks

I imagine UAE is on the list for picking, stories coming out of Dubai just don't stop: Dubai Builder Sees Property Slump Lasting for Years

Perhaps China in the coming months and then the US

[NickFitz]

Betteridge's law of headlines - Wikipedia

[northernladuk]

What's the fix? Lemme guess.. Crypto?

[TwoWolves]

Can't be the only one observing the failing of fiat currency from emerging economies. Venezuela, Turkey, Argentina, South Africa, whose next?!

Brazil will be next me thinks

I imagine UAE is on the list for picking, stories coming out of Dubai just don't stop: Dubai Builder Sees Property Slump Lasting for Years

Perhaps China in the coming months and then the US

Read this:

https://www.bullionvault.com/gold-ne...polo_072120083

China has a long history of misusing paper money. It's not the system that's the problem, it's the thieving governments and their corruption that's the problem.

[greenlake]

What's the fix? Lemme guess.. Crypto?

Yep. Be ready for scooter's ICO....coming soon....!

[AtW]

"Fiat currency" is EUR and USD - proper reserve currencies, everything else is a variable.

HTH

[Mordac]

Can't be the only one observing the failing of fiat currency from emerging economies. Venezuela, Turkey, Argentina, South Africa, whose next?!

Brazil will be next me thinks

I imagine UAE is on the list for picking, stories coming out of Dubai just don't stop: Dubai Builder Sees Property Slump Lasting for Years

Perhaps China in the coming months and then the US

Upon seeing any question with the words "currency" and "Venezuela" in it, you really do have to question the sanity of the person asking the question. In this case, it's Scooty, so we already know the answer...

[barrydidit]

"Fiat currency" is EUR and USD - proper reserve currencies, everything else is a variable.

HTH

I thought it was what you used in the canteen at the big factory in Turin.

[LondonManc]

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.

[scooterscot]

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.

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.