![RIP-Fiat-med-res-ginifoundation.org_rrttredgwt.jpg](https://images.hive.blog/DQmWqrpE8APLECSZs4GgvHivjYTTJoNnDb6qCFibBz5wXVk/RIP-Fiat-med-res-ginifoundation.org_rrttredgwt.jpg)

[source](https://ginifoundation.org/es/kb/fiat-currency-graveyard-a-history-of-monetary-folly/) Friends, a current reality is that FIAT money is losing value, we are going to analyze some of the reasons. **Money is no longer backed**, a few decades ago no country printed more money than it could back in gold, but the president of the United States Richard Nixon in 1971 changed the rules of the game and began to print inorganic money, basing the value of the dollar on global confidence in the economy of the world's leading power, confidence that made most countries have their reserves in dollars, so that the dollar loses value most countries lose part of their reserves.

https://cdn.steemitimages.com/DQmTEPR6donSBaChQG5KT6L8wcmRRdLhJ7s4813hahpJkPm/dollar-burning.jpg_source

**Immense amounts of debt**, it is crazy that the nations of the planet accumulate trillions of dollars in debt but, who is owed? Every time governments ask central banks, debt is generated, the COVID-19 crisis caused GDP to fall drastically, so countries went to borrow more, no country seems to have a plan to avoid debt so, Who is going to pay all that debt? **The only thing they know how to do is print money**, in 2020 22% of all dollars in circulation were printed and in 2021 the federal reserve of the United States is about to print 1.9 trillion dollars out of nowhere, when this money is in circulation it will bring devaluation due to the excessive supply of dollars. **Governments give away money**, millions of people receive money directly to their bank accounts or by mail, just for being citizens of these nations, especially in the United States, but governments are only looking to make time with this initiative. There is no way to give away money without waiting for an inflation blow. Governments are trying to buy time to solve the economic crisis. **Negative interest rate**, when you receive an amount of money less than what you deposited, for account maintenance, if you deposit money in January and you are going to withdraw it in December, you have less money, the interest rate is too low to save money. ![1_rG5mhd_zRawd__E-U6Vlgw.jpg](https://cdn.steemitimages.com/DQmY5HMyyvjFYTZ87xxLHgLse3vKmKJNPcatyYwCUWZLkKc/1_rG5mhd_zRawd__E-U6Vlgw.jpg) [source](https://medium.com/swlh/ultimate-smackdown-bitcoin-vs-fiat-vs-gold-628d72994eb2) **Investment in overpriced assets**, people want to reproduce their capital by making investments in the stock market or real estate, so the market inflates that is why houses are worth more today than 5 years ago despite being the same house. These are some reasons why the FIAT loses value, I think the solution is cryptocurrencies, I think they could bring balance to the world economy, but we leave this analysis here, I hope to do a second part.

Thank's for read

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RE: Last Hive Power Up Day from 2022