法币

As pound was falling against the dollar, it was dragging the yuan down with it.

英镑当时正对美元贬值， 也就连累法币跟着一同贬值。

By fiat, he means that it has value only because the Fed says it does.

他指出，法币的价值只因为美联储说它可以。

Under today´s fiat-money regimes, central banks, as a rule, control short-term interest rates.

在当今盛行的法币制度下，各国央行通常对短期利率拥有控制权。

Then in 1935, China began to implement a legal tender policy and the silver standard system was abandoned.

1935年中国实行法币政策后，银本位制度实际上就放弃了。

It is this corrupt manipulation of the financial system and the economy that has totally destroyed the value of money in the last 100 years.

就是这种金融市场的不负责任行为让法币在近100年里持续贬值。