from King World News
Today Alasdair Macleod warned that global fiat currencies will burn while gold and silver skyrocket.
The Destruction Of Fiat Currency
May 7 (King World News) – Alasdair Macleod: An unexpected destruction of fiat currency has been advanced by the monetary and fiscal response to the coronavirus. Financial markets have yet to discount the possibility of such an outcome, but in the coming months they are likely to awaken to this danger.
The question arises as to what will replace fiat currencies. In the past the answer has always been gold but today there are cryptocurrencies as well, whose enthusiasts are more aware than most of fiat money’s failings.