Post by cjm on Apr 10, 2019 7:34:20 GMT
"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."