India is presently going through a currency tailspin, where the government has attempted to issue new fiat currency, in order to, maintain losing control over the economy.
It has been reported that bartering has returned to many rural communities, which could been seen as beneficial. Government fiat currency robs from every transaction, hence, bartering can lower overall costs and meet the needs of people without interference.
The Western countries are in no better shape than India, virilly, they're overstretched, in debt and ready to implode.
Should we make any effort to maintain fiat currency?
Is fiat currency at an end?
http://feedproxy.google.com/~r/zerohedge/feed/~3/YEdU6SyrhBQ/when-money-dies-indias-demonetization-massive-man-made-disaster