(Fiat) Money as Securitization – an impending crisis?

Google Dictionary defines securitisation as the process of “conversion of asset into marketable securities.” Investopedia defines Securitisation “as the procedure where an issuer designs a marketable¬†financial instrument¬†by merging or pooling various financial assets into one group.” Money or Currency or Bank Notes is in my opinion, one of the earliest examples of securitisation, even before…