Quote:
Originally Posted by dyna mo
the basic premise of the argument is flawed because this statement that it is based on is simply not true.
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I do not believe this is the case. What are you basing this statement on? I am not aware of a single fiat currency that has existed for more than a few hundred years. I would love to be proven wrong on this, as it means the US isn't as doomed as I would have previously thought but I don't think this is the case.
There are multiple examples in history that show printing currency without anything backing it (fiat currency) can not work. Weimar Germany is a more recent example of this case. France has had multiple failures with fiat currency within the last 400 years.