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In Reply to: Things are fine. Currencies self-adjust in relation to perceived stability. Crypto? posted by tinear on September 24, 2021 at 11:02:18:
Discounting the catastrophic global financial crisis that occurred just over a decade ago, ignoring the astronomical National Debt of the USA that will never be paid off, and anticipating that the US dollar as the world's reserve currency (thx to Bretton Woods) may eventually be replaced by the Chinese renminbi... I'd say sure, the USA and other global currencies are rolling in clover, with sunny days and unbridled optimism forecast for the future.You really think fiat currencies are long-term stable?
Edits: 09/24/21 09/24/21
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Follow Ups
- Oh yeah! Everything is A-OK, hunky dory, peachy keen... - vacuous 11:34:50 09/24/21 (2)
- China indeed is a world power, second (temporarily, perhaps) only to us. Currencies should - tinear 14:23:31 09/24/21 (0)
- Dollar will probably be toast. - nilknarf 11:45:53 09/24/21 (0)
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