Fiat money is a system of commodity that only has value if both parties agree it has value, but it doesn’t have any at all.
“Fiat money is a currency without intrinsic value that has been established as money, often by government regulation.
Fiat money does not have use value, and has value only because a government maintains its value, or because parties engaging in exchange agree on its value.
It was introduced as an alternative to commodity money and representative money. Commodity money is created from a good, often a precious metal such as gold or silver, which has uses other than as a medium of exchange”
Therefore paper notes are simply an I owe You (IOU) a promissory note of no value. It is known as ‘Quantitative Easing’ at government levels. A shortfall of money at National level after the Government has stolen you hard earned cash trough tax is made up out of thin air, digits on a computer screen. Binary numbers that don’t exist but we are all charged for.
The financial system of the world is a fraud and you may not be surprised to know that one of the largest banking families in the world are the Zionist Rothschild’s.
Ironically at the heart of the financial district in Tel-Aviv, Israel, you can find Rothschild Boulevard (BLVD) and the Rothschild Hotel…I wonder who that was named after?
The world is in trillions of dollars in debt, and you may ask who to, the planet Venus, Mars, Neptune?
It’s the banks who print money and charge interest on it, a fraudulent system if ever I saw one…
The banks have us all by the sphericals and it’s about time we gave them a good squeeze back…