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Fiat Currency and the Emerging Police State

http://dollarcollapse.com

“Fiat” is money with no intrinsic value beyond whatever an issuing government is able to enforce. When it enjoys a monopoly as currency, fiat inevitably turns the free market functions of money inside out. Instead of being a store of value, the currency becomes a point of plunder through monetary policies such as quantitative easing. Instead of greasing society as a medium of exchange, the currency acts as a powerful tool of social control.

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Created by snowdog2012 1 year 26 weeks ago – Made popular 1 year 26 weeks ago
Category: Money   Tags:
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