Saturday, December 6, 2014

All Fiat Currencies Eventually Lose Value

For those of you that don`t know, fiat currencies are basically paper money not backed by anything. That includes all currencies in the world, as we speak. History shows that all fiat currencies, all paper money eventually goes to the value, which is nothing, the value of the paper. And so, there there is no paper money, there is no fiat currency which has lasted very long, in the sense of history, more than 200, 300 years has been the longest lasting.

Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).