Sunday, December 15, 2013

Fiat Money



The title says "The Impending Collapse of the World Economy" but the video is mostly about true fiat money (non-debt based), such as tally sticks, the colonial money, and greenbacks issued by Lincoln.  This leads to an interesting thought - are we moving towards that now with Quantitative Easing?  Whatever government bonds purchased by the Fed are interest-free, because the Fed turns that money back over to the Treasury.

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