Deutsche Bank lead strategist Jim Reid claimed that the current fiat-based currency systemis unstable and nearing its end. He claimed that the system was only able to advance to its current state due to the disinflationary shock it experienced in the 1980s.
In his recent report, Reid claimed that the fiat system is now in reverse and is expected to affect all the traditional currencies being used around the world.
However, he said that the strategies being used to control inflation like loose policies, extensive leverage, and continuous printing of money may lead to the end of paper money. This is because consumers around the world will lose faith in the system as fiat currencies continue to lose their value…
Read Full: Deutsche Bank Strategist Says End of Fiat-based Currency Systems Near, Recommends Bitcoin