all fiat currencies are will fail eventually.
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all fiat currencies are will fail eventually.
Fiat currency and paper banknotes have existed in almost all developed nations (and even most undeveloped ones) for centuries now. Even the ancient Chinese and Mongols had it (though its introduction usually led to immediate economic disasters, due to the state's initial lack of understanding that it can't magically create more wealth just by printing more banknotes) that's what i read on these news sites for better understanding There is nothing exceptional about America in this regard.
Last edited by harryjosh; 01-06-2021 at 11:49 AM.
Why are there so many spammers on crypto threads?
"Let it not be said that we did nothing."-Ron Paul
"We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book
Never attempt to teach a pig to sing; it wastes your time and annoys the pig.
Robert Heinlein
Give a man an inch and right away he thinks he's a ruler
Groucho Marx
I love mankind…it’s people I can’t stand.
Linus, from the Peanuts comic
You cannot have liberty without morality and morality without faith
Alexis de Torqueville
Those who fail to learn from the past are condemned to repeat it.
Those who learn from the past are condemned to watch everybody else repeat it
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