Are Fiat Currencies Headed for a Collapse? -Asia Business News – CNBC – CNBC

A direct quote from the article:

As the investment world eagerly awaits more stimulus, a debate on a previously unthinkable topic has started to emerge – can fiat currencies survive round after round of debasement?[…]Some heavy hitters say the answer is no.

I think a better question to ask is: Can fiat currencies survive at all in the long term? Instead, like our politicians, the talking heads within the media don’t have the insight to look back into history and learn the lessons there (Zimbabwe currency anyone?), they also lack the foresight to see beyond the next election cycle.

If our politicians would spend more time thinking of how to make this country great once again instead of lining their own wallets we may indeed have a chance of getting our economy back on track; I won’t hold my breath on that one…

Are Fiat Currencies Headed for a Collapse? -Asia Business News – CNBC – CNBC

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