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RE: Is The GameStop Trade Illegal? Chances of a Dollar Total Crash, and a Strong 1-Trillion-Dollar Force Driving Markets Higher

in Project HOPE3 years ago (edited)

which would survive in a long term

200 years seems to be enough proof for now (USD). But not only dollar survived in a long term, also the Swiss Franc (since 1850) and the Swedish krona (since 1874), some others.

It depends also on the decision of governments and central banks if a currency survives. Hyper-inflation is very unpopular, so, I suppose, in developed democracies, won't happen.
The frugal Germans, for example, are almost paranoid about inflation.
Most disappeared fiat currencies died in dictatorships, wars, or "populist regimes". (Soft dictatorships.) I think the world is also evolving in the sense that very unpopular measures are being taken less and less in modern democracies.

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 3 years ago 

sorry for such a late reply @deathcross

200 years seems to be enough proof for now (USD). But not only dollar survived in a long term, also the Swiss Franc (since 1850) and the Swedish krona (since 1874), some others.

true. there are some exceptions. Most of them however survived that long because country has been in power to "expore" inflation to other countries.

If ww2 wouldn't happen, then USD would never become world reserve currency and would probably be dead by now.

Cheers, Piotr

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