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Have you heard of FIAT currency? Do you know what it means?


Have you heard of FIAT currency? Do you know what it means?  

30 members have voted

  1. 1. Have you heard of FIAT currency? Do you know what it means?

    • Yes I've heard of it and know what it means
      16
    • Yes I've heard of it but don't know what it means
      3
    • No I've never heard of it
      11


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thing is.....i'm guessing many of you WON'T have heard of it and so probably WON'T be interested in finding out about it.

 

which is a shame, because if you DID fully understand.....it could mean a manageable ride through the imminent banking chaos on the horizon.....

 

and by banking chaos....i'm actually talking a full banking system COLLAPSE

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"The gold standard has inevitably replaced every fiat currency system that was attempted for the last 3000 years. The collapse happens at such a rapid pace that there is no chance for people to exchange, even if they could, their paper money for the more tried and true gold or silver, or, in the modern age, oil commodities that would ensure that their wealth would survive a severe economic downturn. With the advent of world media and the internet, the trends can be seen better, but this still does not insulate the general populace against the dangers of a fiat currency collapse. The trends that people have exhibited in buying these commodities shows that there is already a lack of confidence in the fiat system"

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I heard it mentioned in an Alex Jones programme; he was talking about how we need a society in which people with ideas, that work hard, in the real physical sense, are the ones that will rise to the top in a society that deals with real money, as opposed to the Fiat system we have now.

 

Or something like that.

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