Fiat currencies are only money because governments say they are. They do not meet the traditional requirements of money
They do not have an intrinsic value - they'd be worthless without the backing of the government
Risks of Fiat Currencies
They can be issued in unlimited volumes (and thus lose value to inflation)
Most countries are technically bankrupt (2018), so it's likely they will print more to pay bills
Warnings and Disclaimers
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