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But that control is over now. Fiat is loosing value at the same time becoming very scarce. It's controlled by central governments and and once they are in need they print more and cause inflation.
added by Anonymous 881 days ago 3    0

The reason why fiat cash lost value.
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In ancient times, a countries currency would be backed up by a certain volume of precious metals such as gold, silver and so many other which were equivalent to such an amount of fiat. This helped state to control their currencies basing on thos metals but later after aperiod of time, they forgot about the gold and all and remained with only paper where they print whenever they want and later the money lost all its intrinsic value.

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