Fiat Money: Explained in less than 4 minutes Rick's Blog Posted on 2012/01/19 by Rick Leslie2012/01/19
More people should see this. Although I do wonder what suggestions have been made for supplanting a ‘fiat money’ system. That and could they actually succeed.
There’s nothing wrong with a ‘fiat money’ system. The problem is the ‘Fractional Reserve’ system which creates new money as an interest bearing debt.
More people should see this.
Although I do wonder what suggestions have been made for supplanting a ‘fiat money’ system. That and could they actually succeed.
There’s nothing wrong with a ‘fiat money’ system. The problem is the ‘Fractional Reserve’ system which creates new money as an interest bearing debt.