Money - Wikipedia, the free encyclopedia
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Money is anything that is generally accepted as payment for goods and services and repayment of debts. The main functions of money are distinguished as: a medium of exchange, a unit of account, a sto...
en.wikipedia.org/wiki/Money
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The fundamental flaw in a fiat money system can be summed up as human nature. When the going gets rough, the rough start printing. Governments cannot be trusted, to not print too much money when it is not linked to a scarce commodity such as gold.
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www.gold-eagle.com/editorials_04/greene032104.html
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Whenever financial markets set out to end the disastrous process through, for instance, a decline in economic activity, governments and their central banks will do whatever it takes to keep the fiat-money system going: lowering interest rates by increasing credit expansion and increasing the money supply.
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In a fiat money system, money is not backed by a physical commodity (i.e.: gold). Instead, the only thing that gives the money value is its relative scarcity and the faith placed in it by the people that use it. In a fiat monetary system, the value of money is based on confidence, and once that confidence is gone,
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www.kwaves.com/fiat.htm
www.kwaves.com/fiat.htm
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The financial press sometimes criticizes Federal Reserve policy, but the validity of the fiat system itself is never challenged. Both political parties want the Fed to print more money, either to support social spending or military adventurism.
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www.lewrockwell.com/paul/paul380.html
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"When the President signs this bill [converting to a fiat-money system], the invisible government of the monetary power will be legalized . . . the worst legislative crime of the ages is perpetrated by this banking and currency bill." (Charles A. Lindbergh, Sr. 1913)
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one-simple-idea.com/M3MoneySupply.htm
one-simple-idea.com/M3MoneySupply.htm
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"When the President signs this bill [converting to a fiat-money system], the invisible government of the monetary power will be legalized . . . the worst legislative crime of the ages is perpetrated by this banking and currency bill." (Charles A. Lindbergh, Sr. 1913)
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one-simple-idea.com/FederalReserve.htm
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Dr. Bill Veith and Alex Jones have a fantastic discussion about the fiat money system in place and controlled by the international banking cartel. Dr. Veith's understanding of the economic system is impeccable and shows in the clarity in which he presents this knowledge.
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video.google.com/videoplay?docid=-6441762576271629374
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Helping people find new ways to save and make money ... The fiat money system is a system of paper money that can become a system of virtual money that can be very easily manipulated by simply adding a few zeros on a computer screen and walla – we have more money!
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www.pennyjobs.com/pp/public/Articles.aspx?aid=290
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