Currencies - All FIAT and all go to ZERO
This year has felt like a race to the bottom with all FIAT currencies.
No, I am not a Forex trader I am just a news follower. Japan has the world on edge as their long bond hit 3% a value not seen in 30-years. Not to mention their debt to GDP ratio is at 240%
The US $ = The Cleanest Shirt in the dirty laundry pile
The US has been dabbling in YCC (Yield Curve Control) to push down yields and the dollar ($), well that lasted about an entire day. All the while the US $ hegemony continues to erode globally as China and Russia build new systems outside SWIFT and $ based settlement systems.
Since, 1913 the US $ 96-97% of purchasing power when measured in CPI, I do NOT intend to go into all the reasons why; you are probably aware of most of them anyway. The US debt to GDP ratio is 130% and the interest payments now exceed all military spending. How disgusting is that debt is snowballing due to rising interest rates and uncontrolled spending.
Of course the US and Japan are not unique let's look overseas at other FIAT
Over to our closest ally the United Kingdom (UK)
Recall, they still have their own currency the pound. Otherwise known as British pound has lost 90% of value since 1970's. The UK debt to GDP ratio is between 91%-94% depending on your source of reference.
Meanwhile in the former operational example for the world Germany
German debt to GDP is roughly 63.5% based upon 2025 data. Germany is part of the EU (European Union) and Germany represents roughly 23-24% of all EU GDP.
Poland utilizes the Polish złoty (AKA PLN), their debt to GDP reached 61.6% in the first quarter of 2026.
Pivoting outside the EU to the Middle East they have several different FIAT currencies
Turkey - yes its a member of NATO and recently sold off all its gold to survive. Their LIRA (TRY) has lost 60% of purchasing power over just the past 6-years. Put another way Turkey's government sold up to $60 billion in gold, FX and T-bills this year to defend the Lira
Saudi riyal (ISO code: SAR; symbol: ﷼ or SR) and has been stable. Oddly, enough is pegged to the US Dollar at a fixed rate of 3.75 SAR per USD since 1986.
Meanwhile the Iranian Rial hit 2.2M per dollar. Yikes!
I find it disturbing that Governments throughout history and today all follow the same play book. Spend too much, talk a good game, do the opposite. Perhaps even default forcing new settlement amounts upon the populace.
The average span for a currency is roughly 250 years. Guess what the USA celebrated just a few short weeks ago. Some fail many times within a century, Argentina anyone? It bears repeating ALL currencies are FIAT and all eventually go to zero some by force some by default.
Summary
Is it me that all FIAT has eroded a great deal in the past 30-years, drill in and more recent as 6-years. Does it matter whose currency you hold if they are all playing the same game? So, serious thought, you are protecting yourself by not saving in ANY fiat currency, right? Recall this is why Bitcoin was formed to stop FIAT from destroying lives through inflation and devaluation. Of course, this is NOT financial advice. think for yourself and DYOR!
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