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Nalezeno "Fiat money": 348

Turkey Throws Another Wrench Into the USD’s Works and Joins Russian Swift


The dominance of the U.S. dollar as the global reserve currency is being robustly challenged on all fronts. Other geopolitical powers and smaller but important players are unwilling to accept the political influence Washington exerts through its fiat money. And in times of trade wars, sanctions...

Fiat Money May Break in a Decade, Says Author of 'Black Swan'


Fiat money is likely to break within the decade, predicts Nassim Nicholas Taleb, an essayist, scholar, and former risk analyst, famous for his book on the extreme impact of rare and unpredictable events, The Black Swan. Upon being asked to make a prediction on “what would happen by the end of...

Crypto Facilitates Money Transfer for Restricted China


Crypto is not illegal in China, but it is illegal for banks and financial institutions to deal in crypto. It’s also illegal to send or receive over $50,000 in fiat money without government permission. Restrictive banking regulations, international trade wars, and a surveillance state in...

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