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Old 19-02-2013, 20:45   #33
Damien
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Re: Sterling At Risk Of “Large-Scale Devaluation”

Quote:
Originally Posted by martyh View Post
I own a fiat ,does that mean i'm rich ?

so basically your saying that the £ is worth as much as people say it is ,those people being other governments
Being your government. The Government says it's worth £5 so it is. If investors or other countries lost confidence in a Government's ability to ensure the value of their currency then I guess it will collapse.
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