--- title: "Meaning & Key Takeaway of: Our fiat currency is under increasing…" description: "\"Our fiat currency is under increasing stress with our large and growing trade deficits. We have a federal deficit that is calculated in the trillions w..." image: "https://sms4smile.com/quotes/i/71f/george-noory-23160_account_our-fiat-currency-is-under-increasing-st_677367.png" --- # Our fiat currency is under increasing stress with our… ![“Our fiat currency is under increasing stress with our large and growing trade deficits. We have a federal deficit that is calculated in the trillions when we take into account the net present value of the future Social Security and Medicaid obligations we are creating today.” quote by George Noory](https://sms4smile.com/quotes/i/71f/george-noory-23160_account_our-fiat-currency-is-under-increasing-st_677367.png) [Download](https://sms4smile.com/quotes/i/71f/george-noory-23160_account_our-fiat-currency-is-under-increasing-st_677367.png) [Open image](https://sms4smile.com/quotes/i/71f/george-noory-23160_account_our-fiat-currency-is-under-increasing-st_677367.png) > “Our fiat currency is under increasing stress with our large and growing trade deficits. We have a federal deficit that is calculated in the trillions when we take into account the net present value of the future Social Security and Medicaid obligations we are creating today.” [George Noory](https://sms4smile.com/quotes/author/george-noory/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Fiat money faces strain from large trade deficits and future entitlement liabilities. **In simple terms:** Currency stressed by trade deficits and future obligations. Key Takeaway Address fiscal sustainability and entitlement reform. Themes economics currency deficits entitlement liabilities Mood concerned critical Type analytical informative When to use this quote - budget planning - policy advocacy - investment strategy Key Concepts fiscal policy monetary policy public debt social security Questions to Reflect On - What reforms can reduce long‑term liabilities? - How can trade balances be improved? A Different Perspective Reforms may face political resistance. ★ ★ ★ ★ ★ No ratings yet [Account](https://sms4smile.com/quotes/about/account/) [Accounts](https://sms4smile.com/quotes/about/accounts/) [Calculated](https://sms4smile.com/quotes/about/calculated/) [Creating](https://sms4smile.com/quotes/about/creating/) [Currency](https://sms4smile.com/quotes/about/currency/) [Deficit](https://sms4smile.com/quotes/about/deficit/) [Deficits](https://sms4smile.com/quotes/about/deficits/) [Deficits Federal](https://sms4smile.com/quotes/about/deficits-federal-5366234/) [Federal](https://sms4smile.com/quotes/about/federal/) [Federal Deficit](https://sms4smile.com/quotes/about/federal-deficit-3012705/) [Fiat](https://sms4smile.com/quotes/about/fiat/) [Fiat Currency](https://sms4smile.com/quotes/about/fiat-currency-2126870/) [Future](https://sms4smile.com/quotes/about/future/) [Growing](https://sms4smile.com/quotes/about/growing/) [Increasing](https://sms4smile.com/quotes/about/increasing/) [Large](https://sms4smile.com/quotes/about/large/) [Medicaid](https://sms4smile.com/quotes/about/medicaid/) [Net](https://sms4smile.com/quotes/about/net/) [Obligation](https://sms4smile.com/quotes/about/obligation/) [Obligations](https://sms4smile.com/quotes/about/obligations/) [Our](https://sms4smile.com/quotes/about/our/) [Present](https://sms4smile.com/quotes/about/present/) [Security](https://sms4smile.com/quotes/about/security/) [Social](https://sms4smile.com/quotes/about/social/) [Social security](https://sms4smile.com/quotes/about/social-security/) [Stress](https://sms4smile.com/quotes/about/stress/) [Take](https://sms4smile.com/quotes/about/take/) [Today](https://sms4smile.com/quotes/about/today/) [Trade](https://sms4smile.com/quotes/about/trade/) [Trade Deficits](https://sms4smile.com/quotes/about/trade-deficits-1131900/) [Value](https://sms4smile.com/quotes/about/value/) [Values](https://sms4smile.com/quotes/about/values/) ## Related quotes > [To the best of my knowledge, there has never been a monetary union, putting out a fiat currency, composed of independent states.](https://sms4smile.com/quotes/milton-friedman/to-the-best-of-my-knowledge-there-has-never-been-a-monetary-union/) [Milton Friedman](https://sms4smile.com/quotes/author/milton-friedman/) > [I don't think central banks are going to give up fiat currency anytime in my lifetime.](https://sms4smile.com/quotes/brad-garlinghouse/i-don-t-think-central-banks-are-going-to-give-up-fiat-currency/) [Brad Garlinghouse](https://sms4smile.com/quotes/author/brad-garlinghouse/) > [Any time a country transitioned to a fiat currency, they collapsed. 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Danforth](https://sms4smile.com/quotes/author/john-c-danforth/) > [“What if the Federal deficit is a lie?”](https://sms4smile.com/quotes/aaron-b-powell/what-if-the-federal-deficit-is-a-lie/) [Aaron B. Powell](https://sms4smile.com/quotes/author/aaron-b-powell/) > [Raising spending caps without offsetting the costs elsewhere continues the trend of running up the federal deficit with no end in sight.](https://sms4smile.com/quotes/dean-phillips/raising-spending-caps-without-offsetting-the-costs-elsewhere/) [Dean Phillips](https://sms4smile.com/quotes/author/dean-phillips/) > [It's going to be true that anything that reduces the federal deficit will have somebody unhappy.](https://sms4smile.com/quotes/anonymous/it-s-going-to-be-true-that-anything-that-reduces-the-federal-deficit/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [The world doesn't just revolve around you. There's a lot of talk in this country about the federal deficit. But I think we should…](https://sms4smile.com/quotes/barack-obama/the-world-doesn-t-just-revolve-around-you-there-s-a-lot-of-talk-in/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [We cannot continue to blow up the federal deficit and place our children and grandchildren in greater debt to countries like China.](https://sms4smile.com/quotes/tommy-tuberville/we-cannot-continue-to-blow-up-the-federal-deficit-and-place-our/) [Tommy Tuberville](https://sms4smile.com/quotes/author/tommy-tuberville/) > [We've used up a lot of bullets. And we talk about stimulus. But the truth is, we're running a federal deficit that's 9 percent…](https://sms4smile.com/quotes/warren-buffett/we-ve-used-up-a-lot-of-bullets-and-we-talk-about-stimulus-but-the/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [The President forgot to mention the Moon, Mars, and the federal deficit - all of which are sky-high.](https://sms4smile.com/quotes/anonymous/the-president-forgot-to-mention-the-moon-mars-and-the-federal-deficit/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) ## More by George Noory > [I should write a book. I've always wanted to write a book. 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I'm…](https://sms4smile.com/quotes/george-noory/from-the-city-of-angels-off-the-pacific-ocean-good-morning-good/) [George Noory](https://sms4smile.com/quotes/author/george-noory/) > [It's so critical for people frustrated with the economy, with changing tides in government, who aren't able to hear their voices, questions or their…](https://sms4smile.com/quotes/george-noory/it-s-so-critical-for-people-frustrated-with-the-economy-with-changing/) [George Noory](https://sms4smile.com/quotes/author/george-noory/) > [I have never run for political office, but every night I am reaching out to millions of Americans on the radio and I am…](https://sms4smile.com/quotes/george-noory/i-have-never-run-for-political-office-but-every-night-i-am-reaching/) [George Noory](https://sms4smile.com/quotes/author/george-noory/) > [You do something annual every year, don't you?](https://sms4smile.com/quotes/george-noory/you-do-something-annual-every-year-don-t-you/) [George Noory](https://sms4smile.com/quotes/author/george-noory/) > [Bigfoot may well be an extraterrestrial, because... remember Chewbacca?](https://sms4smile.com/quotes/george-noory/bigfoot-may-well-be-an-extraterrestrial-because-remember-chewbacca/) [George Noory](https://sms4smile.com/quotes/author/george-noory/) > [Chill out, relax and have an open mind.](https://sms4smile.com/quotes/george-noory/chill-out-relax-and-have-an-open-mind/) [George Noory](https://sms4smile.com/quotes/author/george-noory/) > [Coast to Coast AM may just be the most unusual show I have ever witnessed or been a part of. 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Are you paying rent, who do you get to work…](https://sms4smile.com/quotes/ben-foster/every-job-is-a-blessing-everyone-has-to-take-into-account-what-is/) [Ben Foster](https://sms4smile.com/quotes/author/ben-foster/) > [“this is not me it is a fake account”](https://sms4smile.com/quotes/craig-schaber/this-is-not-me-it-is-a-fake-account/) [Craig Schaber](https://sms4smile.com/quotes/author/craig-schaber/) > [“A strange heart. I myself can't account for it.”](https://sms4smile.com/quotes/saul-bellow/a-strange-heart-i-myself-can-t-account-for-it/) [Saul Bellow](https://sms4smile.com/quotes/author/saul-bellow/) > [I actually love Twitter and Instagram. 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