What is a fiat currency? First of all, fiat according to the Oxford dictionary, means a formal authorization or proposition. While currency is any form of money that is accepted as a medium of exchange and is currently in circulation. (See definitions of money and medium of exchange in the FAQ section at the bottom … [keep reading..]
What is the cycle of money in finance? The life cycle of money is not as quick as that of a butterfly but worth all the attention. You may have noticed that in life everything goes in cycle. Money is not exception. Basically, the life cycle of money is when money goes from being gold … [keep reading..]
In the previous writings, I stated that a fiat currency always fails, earlier or later. In fact, according to a well-known monetary historian and finance educator, Mike Maloney, the average life expectancy of a fiat currency is 27 years. It all began with Mike’s family accountant. Failing account, to be accurate. He was the … [keep reading..]
*Updated Oct 19, 2019 ~~~ What is the cycle of money in finance? The life cycle of money is not as quick as that of a butterfly but worth all the attention. You may have noticed that in life everything goes in cycle. Money is not exception. Basically, the life cycle of money is when … [keep reading..]
What is a fiat currency? First of all, fiat according to the Oxford dictionary, means a formal authorization or proposition. While currency is any form of money that is accepted as a medium of exchange and is currently in circulation. (See definitions of money and medium of exchange in the FAQ section at the bottom … [keep reading..]