Fiat Money

mastermind007

Well-Known Member
#1
Does anyone know what Fiat money means?
 
Last edited:

DanPickUp

Well-Known Member
#2
Does anyone know what Fiat money means?
Hi

Just google it. So many stuff around about it. Here a definition from Investopedia (http://www.investopedia.com/terms/f/fiatmoney.asp)

Definition of 'Fiat Money'
Currency that a government has declared to be legal tender, despite the fact that it has no intrinsic value and is not backed by reserves. Historically, most currencies were based on physical commodities such as gold or silver, but fiat money is based solely on faith.

Investopedia explains 'Fiat Money'
Most of the world's paper money is fiat money. Because fiat money is not linked to physical reserves, it risks becoming worthless due to hyperinflation. If people lose faith in a nation's paper currency, the money will no longer hold any value.

https://en.wikipedia.org/wiki/Fiat_money

http://www.kwaves.com/fiat.htm

Fiat Money
https://www.youtube.com/watch?v=hx16a72j__8

FIAT EMPIRE: Why the Federal Reserve Violates the U.S. Constitution
https://www.youtube.com/watch?v=5K41O2QfpjA
 

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