Topic: Fiat Money is a Bubble - page 8. (Read 1823 times)

Fiat is not a bubble initially. Traditional money is backed by gold. Certainly, in some countries it is like a bubble - governments simply print this paper all the time, and it is the straight road to the default.

Since many people try to convince us that Bitcoin is a bubble and how we will lose our money eventually, I wonder if money is not a bubble actually. There exist economies in which money has a positive value in spite its market fundamental is zero. That means fiat money has zero value. Fiat money is a social contrivance. We take money from other people because we know other people will take it from us. In theory and practice the fiat money is a bubble.

Money not created by governments,its from the banks and they are controlling and printing so even if we are keep earning money we can't get that extra money.

Unfortunately the thing is this bubble supports only +/- 1-2% ups and downs therefore it actually shows a very less increase and decrease in the total mean value of that particular currency therefore it is a bubble but much less than Bitcoins.

As compared to Bitcoins , Bitcoins shows a lot of ups and downs and at the same time it is within seconds and is not related to anything like economy or anything else , therefore it is much more volatile .

I also think fiat money is a bubble, and if governments don't do good works we will work only to live and to can buy some extra things to make life better or to get some extra money to travel.

Fiat is not a bubble initially. Traditional money is backed by gold. Certainly, in some countries it is like a bubble - governments simply print this paper all the time, and it is the straight road to the default.

Fiat money is the slowest bubble of all time that is why people not recognising it as a bubble and we were never taught about Fiat money anywhere while we are in schools are college so government even didn't want us to know about it.

Since many people try to convince us that Bitcoin is a bubble and how we will lose our money eventually, I wonder if money is not a bubble actually. There exist economies in which money has a positive value in spite its market fundamental is zero. That means fiat money has zero value. Fiat money is a social contrivance. We take money from other people because we know other people will take it from us. In theory and practice the fiat money is a bubble.

All fiat currencies are scam.
There is perhaps only one country in the world has 100% gold reserved for total money they printed.
So ruling party, central bank print money and they keep piles for them when people raise question why government want taxes when they can print money as much as they can the same old answer is if more money printed currency will be devalued. Ruling people fool common men giving same old example that 'if a family has 1 kilo gold and 10 members in family, now head of family holds that gold and makes 10 tickets and distributes among each family members which mean each ticket is worth 100 gram gold now if 10 more tickets created for same amount of gold and distributed to all family members then value of single ticket will become 50 gram gold so if you have 1 ticket or 2 tickets value will be same. This type of answers from economists and governors are heard since decades and common men believe it.
Now question is who knows if head of family created 1000 tickets and kept 991 by him?
And also gold or other assets are with him which he may have sold?
In my opinion currency notes are just printed piece of papers issued by governor and made people believe this is money.
They have imposed value of these printed piece of papers in people's mind, whether one wants or not he/she has to accept it as payment in corporate world.
In future may paper currency will not exist and only digital currencies will be accepted and our next generation will believe only digital cash is money.
Or maybe something more advance than digital money in future.
Let's watch, what new form of money is coming in future.

Since many people try to convince us that Bitcoin is a bubble and how we will lose our money eventually, I wonder if money is not a bubble actually. There exist economies in which money has a positive value in spite its market fundamental is zero. That means fiat money has zero value. Fiat money is a social contrivance. We take money from other people because we know other people will take it from us. In theory and practice the fiat money is a bubble.

Since many people try to convince us that Bitcoin is a bubble and how we will lose our money eventually, I wonder if money is not a bubble actually. There exist economies in which money has a positive value in spite its market fundamental is zero. That means fiat money has zero value. Fiat money is a social contrivance. We take money from other people because we know other people will take it from us. In theory and practice the fiat money is a bubble.