Sentences with phrase «fiat money becomes»

For example, when inflation reaches an all - time high, fiat money becomes useless.

Not exact matches

With crashing Chinese and US stock markets, and with crashing Asian RE markets one the way soon (especially in SE Asia), the necessity to own REAL money over FIAT currencies becomes even stronger.

While I agree that (unlimited) compound interest that it is a big problem for the economy and need to be reformed, fiat money on the other side it is one of the major tools that prevented today's recession to become a another Great Depression.

The US dollar went off the gold - exchange standard and the US dollar became a purely fiat currency backed by nothing but government decree which allows the Federal Reserve to print money ad nauseum.

Accordingly, only when we recognise that monetary central planning is the ultimate source of our financial and economic distemper, and when it either collapses or is consigned to the dustbin of history, and when 100 % - reserve banking and sound money replace fractional reserve and central banking and fiat currency, will the ruinous cycle of boom and bust become as thing of the past.

As there are hundreds of altcoins available waiting for you to swap your fiat money for the cryptocurrency, Motta recommends that you «become a sponge and learn as much as possible about the space.»

However, Litecoin recently became convertible from fiat money.

With the central bank's fiat currency constantly depreciating, and the monetary system becoming increasingly unstable, Newman argues that it's time for states to take the lead in restoring honest money.

As investors lose confidence in central banks and traditional forms of fiat money, crypto assets are becoming more viable.