Will Gold Standard Make a Comeback Soon as Nations Losing Trust in Fiat Money?

• Will Gold Standard Make a Comeback Soon as Nations Losing Trust in Fiat Money?
  by https://sputniknews.com/
  The current fiat money system that originates from 1973 may be replaced by digitalised commodity-based currencies in the future, Marc Friedrich, a German economist and bestselling author, told Sputnik, predicting that China may play first fiddle in the establishment of the new order.
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  With the US dollar and euro steadily losing their purchasing power over the past decades, people are turning to monetary systems backed by precious metals or commodities, says Marc Friedrich, a German economist and bestselling author.
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  “Unbacked [fiat] money systems have always had the tendency to fail”, Friedrich told Sputnik Germany. “We can see that now, after the dollar has lost 80 per cent in purchasing power since 1971. The situation is no better for other currencies with the euro having lost a third of its purchasing power since its introduction. People are more inclined to backed currencies.”
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