Talk to me about fiat money?

Question

I think that there are many problems in the world today & fiat money is involved. It works to the advantage of money brokers & politiions.
I feel that is important to understand the system better & bring better iinfromation of it out in the light of day.

Answer 1

Good luck about that...
Fiat money is money that says it has value with nothing tangible to back it up- like it used to be solid gold in vaults. Most countries will say that their currency is worth some "basket of goods," but the truth is, they can print as much as they want without any restrictions whatsoever.
This is the main reason that the US Dollar is going down in flames. In order to protect the US gold investor, then the Bond investor, then the tech-stock investor and even now, the real estate investor, Alan Greenspan and his fellows printed US Dollars like they were going out of style.
Thankfully, he is gone now. Unfortunately, there is a lagging pall hanging over the US economy and if my calculations are correct, when this baby hits eighty-eight miles an hour, you're going to see some serious shitt. The American economy is going to have to go through a very serious correction in order to get things back to where they are normalized, unmanipulated and allow true market forces to work.
It is going to get pretty rough for a lot of people.