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Topic: it is possible fiat currency will crashed? - page 47. (Read 8740 times)

hero member
Activity: 2282
Merit: 505
I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
When the paper money will always have printed everyday and that gives high inflation to the country or market and that will make the price of the fiat crashed. I mean it will be worthless. Why are you confusing if there still a choice for you to use bitcoin or gold to be your primary currency.
hero member
Activity: 3080
Merit: 603
I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?

Fiat is always crashing and if you know inflation, that's how fiat are crashing. But it can also be alive when the economy of a country is getting stronger. You have to respond on this thing on a positive manner, actually you don't have to respond on this as your life goes on and this will be ending soon as the big people behind it will fix it eventually.
sr. member
Activity: 1036
Merit: 281
I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
Of course no. This question is doesn't make any sense. Fiat currency will not be crash. That is very impossible. Event though the digital currency is now becoming popular, there is no such a extreme power that the digital currency has to surpass the fiat currency.
legendary
Activity: 3458
Merit: 6948
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I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?

Okey,
you heard Rober Kyosaki talking about the end of the Fiat Currency ? and you believe it right away ?
so,if he said this world will end in the next month or he said you will die tomorrow morning you will believe it too ?
i know you have a reason to believe him,but have you done a research before about this topic ?
there's no way Fiat will be dead,because if we don't have Fiat in this world how to calculate the value of every assets in this world for example ?
and other that that Fiat also have many function such as a physical payment,and not everybody will use digital currency for sure.
some of them even don't understand how to operate the computer.
so,everything what he said was a nonsense.
I think that dude just wants to sell you gold &silver.   I remember him from 2011, when he was predicting the same doomsday scenario,  and buy gold, blah blah blah.   Take everything he says with a grain of salt.

However,  fiat currency isn't just a single one.  Any given one could collapse, but not likely all at once.  Precious metals shills like to spread fear as though it was manure.  Talk about FUD.  And it's not a bad idea to have some gold, silver, and bitcoin.  But be realistic.
full member
Activity: 266
Merit: 100
I don't think that would ever be possible. Fiat is so baked in to how the world works and how countries trade and exchange it's impossible to change that, ever. Everything that makes a country wealthy is fiat. You cannot change that.
full member
Activity: 140
Merit: 100
August 06, 2017, 07:45:35 PM
#9
One of the factors that causes fiat currency crashes is devaluation that occurs in a country, devaluation is a decline in the value of a country's currency caused by the value of the money of another country. If this happens, the government will take policy of intervention to keep stables the value of currency. On the other hand, this decline can cause a monetary crisis in that country, for example, which occurs in some countries in Africa, paper money with a large nominal value is totally worthless. And if this happens then that's when the fiat currency in that country will crashed.
hero member
Activity: 840
Merit: 501
August 06, 2017, 07:29:41 PM
#8
Fiat cant be crashed, fiat is the strength of a nation and keep on being controlled and supervised by the government, each country need a fiat and fiat is far more powerful than any crypto currencies
hero member
Activity: 588
Merit: 500
August 06, 2017, 07:23:08 PM
#7
i cant imagine this things will happen .. but in everyday life of many people in the world nothings is imposible .. you dont know if its happen or not as long as you live and never see the future .. but my question is .. if it happen whats currency will be the new currency ? hmmmmms..
i also agree with you that it may not be possible that fiat currency will crashed. i think they will also continue side by side with bitcoin. and i think that it will take a lot of time when bitcoin will become so much popular that all the people of the world start using bitcoin and ignore fiat currency,
full member
Activity: 247
Merit: 100
August 06, 2017, 06:54:19 PM
#6
 i cant imagine this things will happen .. but in everyday life of many people in the world nothings is imposible .. you dont know if its happen or not as long as you live and never see the future .. but my question is .. if it happen whats currency will be the new currency ? hmmmmms..
legendary
Activity: 1218
Merit: 1007
August 06, 2017, 04:18:02 PM
#5
I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
There's probably no collapse of fiat currency that would blanket the entire global financial system, but there is always the possibility of a financial collapse within certain countries, like what happened in 2008 for the US housing market. If that happens, but in a way that affects the entire globe, then there isn't much that you could really respond to and rather just ride the tiger and wait for the event to be over. Lots of things will skyrocket in value or cost, and others will lose a lot of value. As long as you have money when the entire scheme comes crashing down, then you can buy a lot at the bottom and walk out with more wealth than before.
sr. member
Activity: 476
Merit: 254
August 06, 2017, 04:07:56 PM
#4
I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?

From the point of where I am looking at it, I think fiat has been crashing ever since but because of the support it enjoys, it then get to seems as development and because of that crashing, that's why some amount of money that would made a fortune in say 30 years back might not even change status in this current settings and that is why the government review minimum wage every now and then which is of course towards the upward trend. This fact alone attest to that the minimum wage before cannot maintain the basic standard of living and its because the fiat has crashed and you needed more to meet the same need.
sr. member
Activity: 1274
Merit: 263
August 06, 2017, 03:54:22 PM
#3
I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?

Okey,
you heard Rober Kyosaki talking about the end of the Fiat Currency ? and you believe it right away ?
so,if he said this world will end in the next month or he said you will die tomorrow morning you will believe it too ?
i know you have a reason to believe him,but have you done a research before about this topic ?
there's no way Fiat will be dead,because if we don't have Fiat in this world how to calculate the value of every assets in this world for example ?
and other that that Fiat also have many function such as a physical payment,and not everybody will use digital currency for sure.
some of them even don't understand how to operate the computer.
so,everything what he said was a nonsense.
sr. member
Activity: 434
Merit: 250
August 06, 2017, 03:15:04 PM
#2
I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
The is no way that fiat currency is going to get crashed, the only way that this is going to possible is when the economies of the various countries associated with their currency gets crashed, And am sure that when the economy of a country gets crashed or goes into recession, its going to affect the entire world, and cryptocurrencies are not going to be spared either.
member
Activity: 64
Merit: 10
August 06, 2017, 02:47:54 PM
#1
I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
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