"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"

http://uk.businessinsider.com/deutsche-bank-end-of-fiat-money-2017-11

Eventually, Reid says, "it’s possible that inflation becomes more and more uncontrollable and the era of fiat currencies looks vulnerable as people lose faith in paper money."

One such alternative is cryptocurrency, which uses blockchain, a much-hyped online ledger system whose primary benefit lies in the difficulty of tampering with data recorded within it.

"Although the current speculative interest in cryptocurrencies is more to do with blockchain technology than a loss of faith in paper money, at some point there will likely be some median of exchange that becomes more universal and a competitor of paper money," Reid says.

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Deutsche Bank's Jim Reid contends that the fiat currency system "is inherently unstable and prone to high inflation. LONDON — Deutsche Bank isn't known for its gold bugs, but that hasn't stopped its strategist Jim Reid from writing a paper which discusses "the start of the end of fiat money. Eventually, Reid says, "it’s possible that inflation becomes more and more uncontrollable and the era of fiat currencies looks vulnerable as people lose faith in paper money. "It's not usually this easy as inflation would have normally increased with such stimulus and credit creation," says Reid.

https://trading.co.uk/story/4239afea-0c6b-42d8-bced-0a87f28d540e/

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Other articles by Jim Reid

Time spent thinking about the next financial crisis is not wasted

https://www.ft.com/content/52c33d8a-9f71-11e7-9a86-4d5a475ba4c5

The list of areas where we are sailing uncharted waters is long.

https://ftalphaville.ft.com/2012/09/04/1145111/jim-reids-journey-into-the-unknown/