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Tag Archives: Fiat Currencies
All Fiat Currencies Have Died. We Have a Fiat Currency
This is a little scary, especially when you see how it is already going for some countries in Europe.
The US Dollar and the European Union’s Euro are fiat currencies, meaning that they have no intrinsic value and are not backed by anything that has intrinsic value. They have value only because the respective governments declare that they do. Fiat is a Latin word meaning “let it be done” or “it shall be.”
All fiat currencies throughout history have failed.
