Fiat Money
The New American Slavery
Submitted by DAR on Sat, 2008-09-13 11:09.The New American Slavery
By Jolly Roger
slicingthroats@yahoo.com
4-2-5
»
- 2 comments
- Read more
- 474 reads
- DAR's journal
- 1 point
Why the Founders Rejected a Central Bank
Submitted by DAR on Tue, 2008-07-22 16:56.Why the Founders Rejected a Central Bank
by Rep. Ron Paul
The Latin term “fiat” roughly translates to “there shall be”. When we refer to fiat money, we are referring to money that exists because the government declares it into existence. It is not based on production or earnings, and not backed by any commodity. It is solely based on trusting the government.
»
- 1 comment
- Read more
- 188 reads
- DAR's journal
- 0 points