Wednesday, 11 November 2009

Toilet Paper Money

Fiat Currency: Using the Past to See into the Future

The history of fiat money, to put it kindly, has been one of failure. In fact, EVERY fiat currency since the Romans first began the practice in the first century has ended in devaluation and eventual collapse, of not only the currency, but of the economy that housed the fiat currency as well.

A short article explaining what happens when banks create money out of thin air.

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