Quote from: vaughn125 on March 08, 2018, 04:07:39 PM

Quote from: romeo23 on March 07, 2018, 06:06:02 AM

There is always a chance that a fiat currency will crash, if the government/central bank resorts to reckless policies that break public confidence in the value of the currency.The history demonstrated that all the fiat currencies crashed at some point and they are unstable by nature - they are only backed by the government decision to declare it legal and maintain the illusion of value. It is because the inflation always jumps, the purchasing power drops, and at some point this bubble ruins not only the currency's value, but the whole economy.

I gotta say, you really have some great skills in expressing yourself and clearly you read a lot. What you just said really makes sense and is really a possible way to make fiat crash and become devalued. Frightening, yes, but is something that we just cannot escape from and ignore since it really is such an important matter. Even the roman empire has fallen. There is just no guarantee that this will not happen to any country of today. Which is why cryptos are really such a big help as a storage of value just in case this happens.

To me i personally think that fiat currency can cash, because we have already experience that when a country is under war influence, they their currencies become devalue and falls to too much low price. The decreasing price of a fiat currency is also effect the economy of a country.