EVERY fiat money system in the last 2000 years (since Rome) has failed. About 3800 fiat money systems have existed since then and they have all ended badly. What makes any of you think that this time its different? The most powerful nations in the world had tried this over and over and each time it destroyed the power of their nations. Even the United states failed with their fiat money system the first few times they tried it in the 1700s. We have been on fiat money for the last 38 years (with the rest of the world) and we are about to collapse again. Not to worry though. Although I believe that the US is going to fail soon, the rest of the world is also going to have to come off fiat money too so at least we will all be in the same boat. The only thing that would stop us from failing would be if we had sound responsible monetary policy that we stuck to. But then again...if we did that, we wouldnt really need to be on fiat money and we might as well just be on the gold standard.