Mark Mason
Well-known member
Dash Provides An Alternative Choice As Fiat Currencies Continue to Devalue
Dash and cryptocurrencies provide solutions to fiat currencies that continue to devalue around the world; the UK pound being one example has lost around 99.5% of its value since the 1700s, the US Dollar has lost over 96% percent of its value over the past century, and other less successful currencies are even worse.
This devaluation draws attention to the fact that fiat currencies are not able to adapt to changing scenarios and when they do, it is usually adapting against the best interests of currency holders. The most extreme examples are in countries with hyperinflation like Venezuela, Weimar Germany, and Argentina, but inflation and devaluation can still be seen in first world nations. Even worse, attempts to hide and prevent inflation can cause devaluation to show up in other areas. This was the case with the Euro crisis and Greece, Italy, and Spain since each country was using a common currency and monetary policy, but were free to pursue independent fiscal policy. So when these Southern European countries became more in debt than their Northern neighbors, the Euro currency could only devalue so much and thus the devaluation appeared in Southern Europe through a slower economy, higher borrowing rates, and higher unemployment.
Read more - https://www.dashforcenews.com/dash-...hoice-as-fiat-currencies-continue-to-devalue/
Dash and cryptocurrencies provide solutions to fiat currencies that continue to devalue around the world; the UK pound being one example has lost around 99.5% of its value since the 1700s, the US Dollar has lost over 96% percent of its value over the past century, and other less successful currencies are even worse.
This devaluation draws attention to the fact that fiat currencies are not able to adapt to changing scenarios and when they do, it is usually adapting against the best interests of currency holders. The most extreme examples are in countries with hyperinflation like Venezuela, Weimar Germany, and Argentina, but inflation and devaluation can still be seen in first world nations. Even worse, attempts to hide and prevent inflation can cause devaluation to show up in other areas. This was the case with the Euro crisis and Greece, Italy, and Spain since each country was using a common currency and monetary policy, but were free to pursue independent fiscal policy. So when these Southern European countries became more in debt than their Northern neighbors, the Euro currency could only devalue so much and thus the devaluation appeared in Southern Europe through a slower economy, higher borrowing rates, and higher unemployment.
Read more - https://www.dashforcenews.com/dash-...hoice-as-fiat-currencies-continue-to-devalue/