Global debt has skyrocketed from $84 trillion to $250 trillion. (2008 – 2019) Debt in China has blasted from $7 trillion in 2008 to $40 trillion in 2018… this outstanding debt will come to haunt fiat currencies! Got bitcoin?

Global debt has skyrocketed from $  84 trillion to $  250 trillion. (2008 - 2019) Debt in China has blasted from $  7 trillion in 2008 to $  40 trillion in 2018... this outstanding debt will come to haunt fiat currencies! Got bitcoin? submitted by /u/NirpUmbrella
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We Can’t Count on Fiat Forever – Here’s How Crypto Can Help

At I write this, one dollar is worth .89 Euros, 110.8 Japanese Yen, and .77 British Pounds, but the exchange rates are likely to be different tomorrow, or even in the next five minutes. Such is the uncertainty we must accept when it comes to the value of fiat currencies. The only means available to us for measuring the value of money is by comparison to other currencies, hence why the value of the Euro, Japanese Yen, and British Pound are compared to the US dollar as opposed to a Somali Shilling (at the time of this writing worth $ .0017).

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