Fiat money as a medium of exchange is composed of some intrinsically valueless substance which the issuer does not promise to redeem either in a commodity or in a fiduciary money.
Tag: fiat money
Related Topics
“The War on Terror”
"The War on Terror" Rogue officials stir up the "fear" of "terrorism". With "terrorism" as their excuse they arrogate new "war powers" to themselves....
“Official Immunity”
"Official Immunity"The Constitution itself provides for one and only one “official immunity”, in its allowance that, “for any Speech or Debate in either House...
Federal Reserve System: Cartel Structure
The Federal Reserve SystemThe Federal Reserve System is a cartel that controls the United States money supply and redistributes wealth with the blessings of...
“Left” vs. “Right” Phony Political Spectrum
"Left" vs. "Right"If WE THE PEOPLE revitalize "the Militia of the several States", we will cut across all the dividing lines in the phony...
“Gun Control”
"Gun Control"In the pre-constitutional period, had the term been current, “gun control” would have meant, not keeping firearms and ammunition away from as many...