Fiat money system backed by crisis now

[suhadi88]

In fact that we live in society of big ignorance shows that if something bad happens many people dont think about to help but they care more about making first some tiktok video for example car accidents we live in society where instead of helping people will start first making videos and pictueres to share on social media.

Yes, it is real and we see it regularly nowadays. People have become so accustomed to viewing life through screens that their first reaction is to record, not to assist. When documentation takes precedence over intervention, it suggests a deeper erosion of empathy that technology alone cannot explain.

It seems to me that crises don’t actually serve as collateral for fiat, even though they often trigger the policies that keep the system going. In other words, the crisis isn’t the backing, but the moment when governments choose to intervene more heavily. And surely, if prosperity depends too much on emergency measures, that suggests the structure is weaker than it appears, not stronger.

[dezoel]

Since there is no limit to how much money any nation can print, we are not living a society where savings makes sense, this is why there is so much interest to bitcoin because putting fiat aside even if in interest makes no sense considering government can print another trillion and all your money would become worthless wheraeas if you put it in bitcoin you can gain purchasing power more than the inflation. This is why bitcoin is the way to get out of the system they built.

[DrBeer]

Our fiat money system usd eur and many other western nations money is not backed by gold neither oil much but its backed by crisis the "crisis are new gold and oil in our financial system"
It started off course with covid 19

Until there is crisis until then we see prosperity and economic growth.

I beg to differ with your statement! A crisis situation may benefit some companies, but not the country's economy as a whole. The costs incurred by the state to overcome the crisis (for example, COVID-19) are HUGE.
 The real beneficiaries in this situation, for example, could potentially only be private pharmaceutical companies that manufactured and sold vaccines and related products under government contracts. But this is a “force majeure” benefit. For all other sectors of the economy, such a crisis has brought losses and damage not only to profits but also to markets.

[iv4n]

Global military spending hit an all-time high in 2024, reaching about $2.7 trillion, a roughly 9% increase from 2023 — the largest year-on-year jump in decades, driven by conflicts and rising defense budgets worldwide.

This is just the part we see, but I guess it's like the iceberg... the part we see above the water is tiny, the huge part is under the water.

So, weapons will be spent... when you make something, it's usually for usage. And the new ones will be created! Better! More expensive! Bigger destruction power! We need all that for the defence!

So the circus goes on... So all-time high in 2024! Can we make a bet it will be a new all-time high this year?

[wozzek23]

So, in other words the more frequent crises occur, the more the money printing press works, and the economy appears to be growing but it appears fake. Because crises give governments free rein to print money without them, it would be considered an extreme policy that could be challenged.

Growing huh. I think only those uneducated or financial illiterate people are going to think like that. And will they even be aware about the increase on money? Is there a site for us to know about this? Or maybe one can just inquire on their local banks? But instead of money printing, why can't the leaders just focus on fixing the problem directly? But maybe this is also due to corruption, and they don't want their saved money to get lessened. They prolly invested it too, for them to be safe on the effects of the inflation.

[tbterryboy]

The only countries that benefit from crises are the economically strong ones, those that provide the means such as food, technology, and machinery for industries. Economically weak and dependent countries tend to sink deeper and deeper into crises like the one caused by COVID-19. Many have not yet recovered. Good crisis management can greatly mitigate such situations. I believe that money is sustained by the belief people have in it; it only has value because they value it.

That is if the crisis is not from that country but if it is also from them, then I am sure that they will still be affected even if they think that they are already strong, especially if the crisis is strong too.

Meanwhile, Covid-19 is what I can say as a strong economic crisis because almost all countries are affected by it, and feel its wrath. Covid is long gone though and I think many have recovered now from it, thankfully. Money is important so we value it, but sometimes it was the banks, governments, greedy and scam devs are screwing us, making the value of our money to be less.

[Bluedrem]

When you earn regularly and the money you earn is sufficient to meet your basic needs, you will not understand the shortage for that period, but if for some reason your income stops, you will understand how much money is actually needed. When production stops in a country and at the same time trade with other countries stops and remittances do not come, then the shortage of money is understood. When Covit19 started, the economy stopped due to global lockdown, business and trade stopped, in most cases production stopped, resulting in a development deficit. This happened mainly because of the stoppage of production.

[Odohu]

Since there is no limit to how much money any nation can print, we are not living a society where savings makes sense, this is why there is so much interest to bitcoin because putting fiat aside even if in interest makes no sense considering government can print another trillion and all your money would become worthless wheraeas if you put it in bitcoin you can gain purchasing power more than the inflation. This is why bitcoin is the way to get out of the system they built.

Yes saving does not make sense anymore especially when saving is done in fiat because inflation is the biggest stealer of fiat. Gone are those days it was seen as a good idea to save in fiat, now we know better which is why investment is the right way to keep the money valuable. There are more investment opportunities now that are accessible and even profitable. The internet have open the world to everyone to explore, so investing becomes easier and can be done from the comfort of the home.

[Hispo]

It is quite the opposite, I think.
Fiat is not backed just by the perseived stability of the nation which issues their money, the more stable those countries are, the more value their FIAT has when compared to the rest of the currencies in the world.

That is why the United States Dollar, the Euro the British Pound etc are more valuable than currencies issued in the third world.

My country is going through many crises since our government was taken over by socialists, so our FIAT is almost worthless when compared to the Erupe and the United States dollar.

[CryptoATM]

I've been wanting to discuss about this topic for a while now and I am grateful that someone brings it up today, but you still don't explain how a country benefits from crisis.

I will wait for other people's opinion about this topic first, all I know presently is that war somehow brings benefits to those who made it happen and even in the past histories this have been the same, I just can't figure out how yet.

In my country there is unrest from attackers, people are been killed almost everyday and many are blaming it in on the jihadists/Muslims because the most affected victims are Christians, I later heard that this affected areas are filled with precious stones in the ground.

They plan to bring the unrest to people living in these few states so that they can leave or die in the process and the precious stones will be harvested later.

I have also heard stories of how people actually benefit from crisis and at some point, I pause to wonder how and why but yeah, the world is an unpredictable place and truly, people earn from crisis and insurgencies else tell me how they get these sophisticated weapons and explosives they use for their operations and also the vehicles, I have in recent time tried to check the cost of the type of vehicles these terrorist use, it occurred to me that, truly there are people(very influential) sponsoring these groups to cause these crisis.

But generally I don’t believe that crisis benefits a country because I have always known that, crisis brings a nation backward in all aspects but I strongly believe that, there are people that are smiling to the banks why others are crying and bleeding pains.

[JaredIbrahim]

You're spitting straight facts. The system is addicted to disaster.

It's a brutal cycle: create a crisis, print unlimited cash to "solve" it, and inflate away everyone's savings. The pandemic was the ultimate proof. They didn't back the money with gold; they backed it with fear and debt, calling it "stimulus."

Now, every new emergency—war, inflation, bank failures—is just an excuse to print more. Crisis is the collateral for the entire fiat game. It's not backed by assets; it's backed by the promise of the next bailout.

This is why Bitcoin exists. Its proof is math, not misery. The harder they lean on crisis, the more people will seek an exit to something with real, programmed scarcity.

[Jateng]

Since there is no limit to how much money any nation can print, we are not living a society where savings makes sense, this is why there is so much interest to bitcoin because putting fiat aside even if in interest makes no sense considering government can print another trillion and all your money would become worthless wheraeas if you put it in bitcoin you can gain purchasing power more than the inflation. This is why bitcoin is the way to get out of the system they built.

inflation may stop upto certain limit is completely wrong approach. Every country face increase in inflation. Inflation has no boundaries. It affect almost every country. So fiat lose its value in form of assets worldwide when we compared it to the real assets. This is why many people believe that the future will be shaped assets like Bitcoin or Gold that cannot printed endlessly. Those who study Bitcoin and its limited supply may get stable economic future. That's why the number of investor increasing  their investment in Bitcoin. Gold has been a store value for centuries, while Bitcoin is emerging as the digital medium for the modern world. traditional financial system is changing into modern digital transaction.

[Findingnemo]

Not entirely, as much as I agree that the system is completely rigged the crisis is not the way for the economy to prosper again, it can wipe out the progress that took decades for the country to gain and the money printing was temporary solution that government take in their hand when there is no choice.