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Every fiat currency in history has failed. http://www.caseyresearch.com/editorial.php?page=articles/thousand-pictures-worth-one-word&ppref=ZHB207ED0711A http:/
by jayfuerstenberg 13y ago
Every fiat currency in history has failed.
http://www.caseyresearch.com/editorial.php?page=articles/thousand-pictures-worth-one-word&ppref=ZHB207ED0711A http://www.caseyresearch.com/editorial.php?page=articles/tho...
What makes the US$ so special?
And each time, people go back to something tangible to call money. That's usually gold or silver. Not that they're as easy to use as money or anything. That's why gold backed currencies tend to make sense (even though they too are not perfect).
People working at minimum wage would laugh at your "wages historically track inflation" argument.
- Mikeb85 13y agohttp://www.advisorperspectives.com/dshort/updates/Household-Income-Distribution.php http://www.advisorperspectives.com/dshort/updates/Household-... Numbers don't lie. Fiat currencies have failed because empires and nations have failed. A fiat currency always depends on a guarantor - someone who guarantees its value, usually through projection of military and economic power. So of course currencies will rise and fall with nations. But the idea of currency has always persisted, from ancient times.