doublesaint Posted 29 March, 2009 Posted 29 March, 2009 Nothing to do with Italian cars or anything...did not know anything about this until someone pointed it out to me yesterday, but it is basically paper currencies as we know today, and seemingly doomed to failure as history has proved. http://en.wikipedia.org/wiki/Fiat_currency Numerous other links on google pointing out the dangers of using such a system.
TopGun Posted 29 March, 2009 Posted 29 March, 2009 Nothing to do with Italian cars or anything...did not know anything about this until someone pointed it out to me yesterday, but it is basically paper currencies as we know today, and seemingly doomed to failure as history has proved. http://en.wikipedia.org/wiki/Fiat_currency Numerous other links on google pointing out the dangers of using such a system. Gold would go up 10-fold if it was now used to back world currency 100% though. Better buy some.
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