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Author Topic: it is possible fiat currency will crashed?  (Read 8560 times)
Jmmerquita
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August 06, 2017, 06:47:54 PM
 #1

I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
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August 06, 2017, 07:15:04 PM
 #2

I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
The is no way that fiat currency is going to get crashed, the only way that this is going to possible is when the economies of the various countries associated with their currency gets crashed, And am sure that when the economy of a country gets crashed or goes into recession, its going to affect the entire world, and cryptocurrencies are not going to be spared either.

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August 06, 2017, 07:54:22 PM
 #3

I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?

Okey,
you heard Rober Kyosaki talking about the end of the Fiat Currency ? and you believe it right away ?
so,if he said this world will end in the next month or he said you will die tomorrow morning you will believe it too ?
i know you have a reason to believe him,but have you done a research before about this topic ?
there's no way Fiat will be dead,because if we don't have Fiat in this world how to calculate the value of every assets in this world for example ?
and other that that Fiat also have many function such as a physical payment,and not everybody will use digital currency for sure.
some of them even don't understand how to operate the computer.
so,everything what he said was a nonsense.

 
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August 06, 2017, 08:07:56 PM
 #4

I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?

From the point of where I am looking at it, I think fiat has been crashing ever since but because of the support it enjoys, it then get to seems as development and because of that crashing, that's why some amount of money that would made a fortune in say 30 years back might not even change status in this current settings and that is why the government review minimum wage every now and then which is of course towards the upward trend. This fact alone attest to that the minimum wage before cannot maintain the basic standard of living and its because the fiat has crashed and you needed more to meet the same need.
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August 06, 2017, 08:18:02 PM
 #5

I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
There's probably no collapse of fiat currency that would blanket the entire global financial system, but there is always the possibility of a financial collapse within certain countries, like what happened in 2008 for the US housing market. If that happens, but in a way that affects the entire globe, then there isn't much that you could really respond to and rather just ride the tiger and wait for the event to be over. Lots of things will skyrocket in value or cost, and others will lose a lot of value. As long as you have money when the entire scheme comes crashing down, then you can buy a lot at the bottom and walk out with more wealth than before.
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August 06, 2017, 10:54:19 PM
 #6

 i cant imagine this things will happen .. but in everyday life of many people in the world nothings is imposible .. you dont know if its happen or not as long as you live and never see the future .. but my question is .. if it happen whats currency will be the new currency ? hmmmmms..

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August 06, 2017, 11:23:08 PM
Last edit: August 09, 2017, 12:28:37 AM by carlerha
 #7

i cant imagine this things will happen .. but in everyday life of many people in the world nothings is imposible .. you dont know if its happen or not as long as you live and never see the future .. but my question is .. if it happen whats currency will be the new currency ? hmmmmms..
i also agree with you that it may not be possible that fiat currency will crashed. i think they will also continue side by side with bitcoin. and i think that it will take a lot of time when bitcoin will become so much popular that all the people of the world start using bitcoin and ignore fiat currency,
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August 06, 2017, 11:29:41 PM
 #8

Fiat cant be crashed, fiat is the strength of a nation and keep on being controlled and supervised by the government, each country need a fiat and fiat is far more powerful than any crypto currencies
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August 06, 2017, 11:45:35 PM
 #9

One of the factors that causes fiat currency crashes is devaluation that occurs in a country, devaluation is a decline in the value of a country's currency caused by the value of the money of another country. If this happens, the government will take policy of intervention to keep stables the value of currency. On the other hand, this decline can cause a monetary crisis in that country, for example, which occurs in some countries in Africa, paper money with a large nominal value is totally worthless. And if this happens then that's when the fiat currency in that country will crashed.
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August 07, 2017, 12:13:47 AM
 #10

I don't think that would ever be possible. Fiat is so baked in to how the world works and how countries trade and exchange it's impossible to change that, ever. Everything that makes a country wealthy is fiat. You cannot change that.

who cares
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August 07, 2017, 12:40:29 AM
 #11

I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?

Okey,
you heard Rober Kyosaki talking about the end of the Fiat Currency ? and you believe it right away ?
so,if he said this world will end in the next month or he said you will die tomorrow morning you will believe it too ?
i know you have a reason to believe him,but have you done a research before about this topic ?
there's no way Fiat will be dead,because if we don't have Fiat in this world how to calculate the value of every assets in this world for example ?
and other that that Fiat also have many function such as a physical payment,and not everybody will use digital currency for sure.
some of them even don't understand how to operate the computer.
so,everything what he said was a nonsense.
I think that dude just wants to sell you gold &silver.   I remember him from 2011, when he was predicting the same doomsday scenario,  and buy gold, blah blah blah.   Take everything he says with a grain of salt.

However,  fiat currency isn't just a single one.  Any given one could collapse, but not likely all at once.  Precious metals shills like to spread fear as though it was manure.  Talk about FUD.  And it's not a bad idea to have some gold, silver, and bitcoin.  But be realistic.

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August 07, 2017, 12:45:55 AM
 #12

I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
Of course no. This question is doesn't make any sense. Fiat currency will not be crash. That is very impossible. Event though the digital currency is now becoming popular, there is no such a extreme power that the digital currency has to surpass the fiat currency.

 
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August 07, 2017, 12:55:03 AM
 #13

I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?

Fiat is always crashing and if you know inflation, that's how fiat are crashing. But it can also be alive when the economy of a country is getting stronger. You have to respond on this thing on a positive manner, actually you don't have to respond on this as your life goes on and this will be ending soon as the big people behind it will fix it eventually.




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August 07, 2017, 01:08:07 AM
 #14

I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
When the paper money will always have printed everyday and that gives high inflation to the country or market and that will make the price of the fiat crashed. I mean it will be worthless. Why are you confusing if there still a choice for you to use bitcoin or gold to be your primary currency.

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August 07, 2017, 01:35:10 AM
 #15

This is a big nonsense speculation because I believe that fiat will never crashed or be replace by any thing because it is used by the country it circulates all over the country for the economy, maybe it lower its value due to some problem in the economic industry but crashed? It is a big no I think, paper money is the one the one country using to grow so even the government cannot make this thing happen for no reason and they, the government, controls it. Fiat is strong enough to be crashed on or replace by anything. Let us be realistic, fiat is our neccessity in life without it for sure we will suffer, so it will not happen to be crashed on.
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August 07, 2017, 01:53:08 AM
 #16

This will be an interesting discussion, many people here say no, not a chance.. but there is always a chance remember that! Robert Kyosak is not the only guy that talks about that, many experts are talking the same, you can find many videos on youtube about it. There are videos made before bitcoin about this matter.
Here is one good article: http://www.thedailybell.com/editorials/anthony-wile-the-inevitable-collapse-of-the-worlds-economic-system-its-coming/
I like the headline, collapse is inevitable, and I think so too. Like I said this is an old story, but this years fiat have alternative and that is a game changer. Alternative in bitcoin, or maybe I can dare to say alternatives because blockchain can offer more then just bitocin! To many governments and banks are involved in researching about crypto currencies, what you all think what will they come up with?

 
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hritevanz
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August 07, 2017, 01:58:39 AM
 #17

I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?

I can't see that fiat currency will be crashed because it is widely used in our country. And aside from that, if we are going to use the crypto-currency then every one should have their smartphones to be used in transactions for which children/kids will be consider to use them too which is not even right. Fiat is too strong to be replace.
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August 07, 2017, 02:08:17 AM
 #18

I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
Typically in my own understanding and knowledge about fiat currency it will not crashed .Maybe he means that the fiat currency will not be as usual to used after this bitcoins or cryptocurrency enters to the system of people so the use of fiat currency will be only limited which on use in other things or products that online payment does not accepted.

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August 07, 2017, 05:00:32 AM
 #19


I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?



There is no such news anywhere. Fiat currency will never crash because its demand and supply is very high. The more you print the less it is for current needs of population. New ways of modern tech, modern world, are seeking money to develop fast. Apart from this military divisions are taking huge part of taxes to serve in the said sector and the money comes from people like us. So in short fiat is very important. We can have crisis of it but it can't crash really.

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August 07, 2017, 05:16:10 AM
 #20

I heard Robert Kyosaki is talking about the crashed of FIAT CURRENCY? when this thing will happen? how are we going to respond?
Typically in my own understanding and knowledge about fiat currency it will not crashed .Maybe he means that the fiat currency will not be as usual to used after this bitcoins or cryptocurrency enters to the system of people so the use of fiat currency will be only limited which on use in other things or products that online payment does not accepted.
really possible , just have a very small chance this scenario happened at least for now. once fiat currency considered as an oldway to make a transaction and people move to crypto currency that time fiat currency could crashed because of its low demands .

as simply as like that , but i believe 99% it won't happened in the near future.

 
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