That is a span of dominance of thousands of years, compared with the 43 years of
the global fiat system we have today.
Not exact matches
2017 was the year of cryptocurrencies as interest in the
global monetary
system started to move from
fiat currencies to crypto.
This article ponders what key aspects of the most recent Annual Reports of the «big three» (i.e. Apple, Microsoft and Google) might actually mean when considered against a backdrop of a likely looming
global crash of our present - day
fiat monetary
system; it then posits what the implications might be for eLearning in general.
Whether or not Bitcoin will win against blockchain -
fiat hybrids depends on individual preferences, which will undoubtedly be influenced by the health of the
global banking
system.
Bitcoin has every chance of emerging as the next big
global currency given the crackdown of fraudulent activities entered into by commercial banks as well as the downfall of
global fiat currency
system.
For many decades, governments have had absolute control over the
global monetary
system, especially of the
fiat currency
system with which they can easily manipulate the supply of circulating money.
The visualization showed that the
fiat currency
system of the US, which operates as one of the few reserve currencies that support the
global monetary
system, has been on a decline.
Hence, the term bubble is more applicable to the long - term trend of the US dollar, the US Treasury, and the
global fiat currency
system, rather than bitcoin itself.
He further noted that cryptocurrencies like bitcoin, despite the growing interest from the traditional financial industry in blockchain technology, have the potential to take over
fiat currencies and operate as the
global monetary
system, given their open structure and decentralized
systems.
At this rate,
fiat money is approaching its decline and the emergence of a decentralized and market - based currency such as Bitcoin or any other cryptocurrencies that hold the philosophy of Bitcoin could threaten the
global financial
system.
Jeff is interviewed by Christina Tobin for the Free & Equal Network, topics include: Jeff Berwick to be a speaker at United We Stand, Christina Tobin attended Anarchapulco 2018, Texas A&M, nearing the end of the current
system, the
fiat currency bubble, Trump and ever increasing debt, interest rates and money printing, one world government,
global taxation, the Bilderberg meetings, governments and central banks are the problem, evils of the party
system, taxation is extortion, cryptocurrencies and freedom, United We Stand 2018