Sentences with phrase «fiat system collapse»

As they come in different sizes (or denominations), they can also act as a substitute for paper money in case of the fiat system collapse.

Not exact matches

Furthermore, one can see the surges in bank credit accompanying these periods and tie them to specific policy moves by the authorities: The Treasury stimulated inflation in the early 1900s; the Fed deliberately inflated in the roaring 1920s to take the pressure off the British pound (which had been devalued during World War I); the Roosevelt administration took the reins off inflation by debasing the gold - content of the dollar in 1933; zealous money printing in the 1960s led to the inevitable collapse of the Bretton Woods system (and complete fiat money was born); money printing continued apace with Alan Greenspan in the 1990s and, following the dot - com crash, into the 2000s.
Mike replied: «Bitcoin is collective insurance against the collapse of fiat currency systems
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