4 years ago
DEUTSCHE BANK: We may be looking at 'the start of the end of fiat money'
Deutsche Bank isn't known for its gold bugs, but that hasn't stopped its strategist Jim Reid from writing a paper that discusses "the start of the end of fiat money." Reid's basic contention is this: The dominance of the fiat currency system since Richard Nixon decoupled gold from the dollar in 1971 "is inherently unstable and prone to high inflation," and an offsetting disinflationary shock that kept it afloat since 1980 is now slowly reversing.
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