Is This the End of Fiat Money After a 50 Year Dominance?
The collapsing of fake currencies
On August 15, 1971, Nixon announced the abandonment of the gold standard. Fiat money was invented and from then on, the dollar was no longer pegged to gold or any other asset.
All of a sudden an era of easy money started, just by pressing a button unlimited amounts of money flooded the markets without any…