What they don’t teach you about how fiat currency systems...

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2025-10-15 02:39:31 - Translate -

What they don’t teach you about how fiat currency systems trap developing countries in debt.

A country's use of a fiat currency system, one where money isn't backed by a physical commodity like gold but by government decree, can create a debt trap for developing nations. While this system offers flexibility to developed economies, it leaves developing countries vulnerable to external shocks, currency devaluation, and a cycle of borrowing from international institutions...

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