Post
Topic
Board Economics
Re: Nobody is not ready for this fiat currency volatility
by
pooya87
on 01/05/2024, 03:01:38 UTC
If you hold eur or USD then today 80% up and tommorow 50% down.
Fiat currencies values will never go up 80%, that's just impossible and the governments won't allow it to happen either because that kills the economy as people would simply stop spending which would cause a deep recession.

Quote
There is one fiat where is also safe it's switzerland franc
The thing about large scale conflicts is that they are unpredictable and what they do to the world (including but not limited to Franc's value, Bitcoin's value, etc.) is also unpredictable.
There is simply no reason for Franc to be an exception and be "safe" while Europe as a whole would be falling apart in the scenario of a large scale conflict where one side is Russia and the other side is US and they are fighting each other inside Europe...