The fiat experiment lasted 50 years and anyone with a functioning brain can see that we're at the tail end of it.What do you think comes next?
>>62705879The Bitcoin era.
>The fiat experiment lasted 50 yearslollmao
Most countries will probably use the opportunity to create a new fully digital currency, since it grants them an unprecedented level of control. They can freeze funds at will and even add expiration dates to currency in order to "encourage" spending. Instead of fully gold-backed it’ll likely be backed by a basket of goods, like oil reserves, rare earth mineral reserves, gold and possibly even a small percentage of bitcoin. BRICS floated this idea for their new potential Euro-like currency and it’s likely why Chinas central bank has been on a massive gold-buying spree for the past few years
>>62705884The Bretton Woods system collapsed in 1971-1973. That’s when money went from being backed by gold to being backed by fairy dust
They'll rug the current fiat currencies and create new ones, starting the game over. No big deal.
>>62705897>an unprecedented level of controlwhat is taxation
>>62705884He introduced a lot of financial trickery to boost growth but in the end, the money was still expected to remain convertible into gold or silver. That's not a fiat currency
>>62705879>The fiat experiment lasted 50 yearsYou are one ignorant mother fucker lol
>>62705882
>>62705959You are low IQ. E-commerce can't exist with gold and silver as money. They are only good for local trade in small communities.
>>62705979No one uses gold and silver.Fiat is what everyone in the world wants and aside from crypto, everyone uses fiat Only losers cry about fiat. Its awesome sauce
>>62705879Ethera.
>>62706089
>>62705916The $ is good for at least 100 more years but yeah if it fails they just lop off a zero or ignore it. That's what Italy, Japan Argentina do. Italy and Japan used to be 1 for 1 with the $ . Then Italy went to 1 for 2000. Life goes on except for white incel crybabies they never live at all
