The Greatest Myth Propagated About The FED: Central Bank Independence (Part 1) | New Economic Perspectives

The Greatest Myth Propagated About The FED: Central Bank Independence (Part 1) | New Economic Perspectives

Handling your change. Each year, the United States Mint makes between 14 billion and 20 billion circulating coins.

Handling your change. Each year, the United States Mint makes between 14 billion and 20 billion circulating coins.

Fiat money is currency that a government has declared to be legal tender, but is not backed by a physical commodity. The value of fiat money is derived from the relationship between supply and demand rather than the value of the material that the money is made of. Historically, most currencies were based on physical commodities such as gold or silver, but fiat money is based solely on faith.

Fiat money is currency that a government has declared to be legal tender, but is not backed by a physical commodity. The value of fiat money is derived from the relationship between supply and demand rather than the value of the material that the money is made of. Historically, most currencies were based on physical commodities such as gold or silver, but fiat money is based solely on faith.

Greenback” 5 dollar (United States Note) Issued in 1862.  The first use of fiat money (called Greenbacks) in the United States was in 1862, it was used as a tool to pay for the enormous cost of the Civil War. Greenbacks were a debt of the U.S. government, redeemable in gold at a future unspecified date. They were circulated along with Gold certificates, backed by the government’s promise to pay in gold.

Greenback” 5 dollar (United States Note) Issued in 1862. The first use of fiat money (called Greenbacks) in the United States was in 1862, it was used as a tool to pay for the enormous cost of the Civil War. Greenbacks were a debt of the U.S. government, redeemable in gold at a future unspecified date. They were circulated along with Gold certificates, backed by the government’s promise to pay in gold.

World Fiat Money System is Bankrupt: Demise of the Global US Fiat Dollar Reserve Currency

World Fiat Money System is Bankrupt: Demise of the Global US Fiat Dollar Reserve Currency

June 22 1775, Congress issues  2 million in bills of credit.

June 22 1775, Congress issues 2 million in bills of credit.

Ron Paul vs. Ben Bernanke Teach your children what money really is! BECAUSE THERE'S A WAR ON FOR YOUR MIND

Ron Paul vs. Ben Bernanke Teach your children what money really is! BECAUSE THERE'S A WAR ON FOR YOUR MIND

Max Keiser, of maxkeiser.com, James Turk, Director of The GoldMoney Foundation and Pierre Jovanovic, jovanovic.com, tell the story of the introduction of Fiat Money to France.Part 1

Max Keiser, of maxkeiser.com, James Turk, Director of The GoldMoney Foundation and Pierre Jovanovic, jovanovic.com, tell the story of the introduction of Fiat Money to France.Part 1

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