Sentences with phrase «fiat currency crises»

Specifically, Rickards point out the Weimar Republic (Germany), Zimbabwe, Argentina and present - day Venezuela as examples of fiat currency crises.

Not exact matches

The renegades, inspired by 2007 — 08 financial crisis, don't trust central banks and fiat money; they want a new global currency with limited supply.

Sufficed to say, if there is ever a crisis of confidence in fiat currency based assets, like government debt, there aren't many options out there for central banks to use in order to restore faith in the system.

That said, in times of crisis, fiat currencies can quickly lose their value if the faith in them crumbles, destroying the savings denominated in them and jeopardising economic transactions in the territories that use them.

The idea of cryptocurrencies as a safe heaven emerged, when the highly volatile Bitcoin price proved to be inversely related to fiat currencies in times of socio - political crisis, e.g. Brexit and the election of Donald Trump as President of the US.

Or at the times of fiat currency, whose value is determined by law, crises.