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<p>[QUOTE="mikem2000, post: 1839859, member: 30574"]Actually, that sounds about right, but that is one of those statements that may be technically true, but is totally meaningless and is absolutely worthless to predict the future of the dollar. There are a lot of fiat currencies that are no longer with us but did no fail. The DeutchMark is an example. It ceased to exist in 2002, but of course it did not fail. I am sure it was just thrown in the pile with the rest of the "bad fiat" which of course skews the calculation. Each fiat currency needs to be looked at on an individual basis. I think the Pound Sterling is the longest surviving fiat at over 300 years old.</p><p><br /></p><p>Mike[/QUOTE]</p><p><br /></p>
[QUOTE="mikem2000, post: 1839859, member: 30574"]Actually, that sounds about right, but that is one of those statements that may be technically true, but is totally meaningless and is absolutely worthless to predict the future of the dollar. There are a lot of fiat currencies that are no longer with us but did no fail. The DeutchMark is an example. It ceased to exist in 2002, but of course it did not fail. I am sure it was just thrown in the pile with the rest of the "bad fiat" which of course skews the calculation. Each fiat currency needs to be looked at on an individual basis. I think the Pound Sterling is the longest surviving fiat at over 300 years old. Mike[/QUOTE]
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