In The Year 2025 If Fiat Currency Can Survive

Summary

  • There is no doubt that the global economy is problematic, and the solution is not Quantitative Easing on steroids.
  • To make matters worse many nations are shouldering massive debts raising questions about the possibility of debt defaults on a grand scale.
  • All fiat currencies eventually attain their intrinsic value which is zero so look for alternatives to paper currencies.
  • In the year 2025 fiat currencies may not survive so protect yourself now by protecting at least some of your buying power for your future needs.

Introduction

We are presently enduring a period of great change due to the Coronavirus which has already cost many lives and inflicted untold damage to the global economy.

Alongside the damage caused by this virus the world has also entered a recession having been through an eleven-year period of expansion.

To make matters worse many nations are shouldering massive debts raising questions about the possibility of debt defaults on a grand scale.

Today we are taking a peek into what the future might look like and it is not a pretty sight.

Issues For Consideration

There is a myriad of threats to our current way of life and the global economy which include but are not limited to:

Pandemics, Trade Wars, International Incidents, Social Unrest, Civil Rights Protests, Acceleration in the speed of change, Debt default, Confiscation of Assets, etc. Much has been written on the above-mentioned issues so today I would like to take a quick look at the issue of Debt and what might be in store for us over the next five years.

The US Dollar is currently the worlds reserve currency with many commodities such oil, copper, grains, gold, etc. being traded in the main for US Dollars. As the Dollar strengthens these commodities become cheaper and visa versa. Over the recent past and for a myriad of reasons governments and central bankers have seen it necessary to create more money in order to alleviate a problem, some real and some perceived. These debts are mounting on a daily basis, not just for the US but for many nations across the globe. The US debt according to the US Debt Clock is $26.1 trillion and the Debt to GDP ratio is 131%.

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Linda Willis 9 months ago Member's comment

Good stuff, have anything more recent?