The Coming World "Fiat Currency" Collapse Video
A currency that’s created and controlled by a government. In other words, it exists by government “fiat.” Using the dollar as an example, the U.S. Federal Reserve creates new dollars simply by printing them or injecting electronic “reserves” into the banking system. The supply of dollars thus depends on the decisions of our elected officials and their appointed administrators like the governors of the Fed.
An example of a non-fiat currency would be the gold and silver coins that used to circulate in much of the world. There was only so much of each metal, and the supply only increased when some enterprising miner discovered and dug up more. Governments were unable to create this kind of money out of thin air.
Like the dollar, today’s euro, Japanese yen, and British pound are all fiat currencies. And—here’s the crucial point—every single fiat currency that has existed prior to the current batch was eventually destroyed by its government.
Never before in history has the whole world relied on “Fiat Currency” backed by nothing but government promises!
We didn’t stand up for truth, we didn’t stand up for the Constitution, we didn’t stand up for the rule of law. And now the day of reckoning is upon us. Please, prepare.
· The Federal Reserve continues to insist that inflation is too low, even while the monetary base remains at record levels, and food and gas prices continue to climb.
· As the Fed continues to drive down the value of the dollar, the government accuses China of deliberately devaluing its currency, and the House has passed legislation aimed at punishing China for this alleged devaluation.
STIMULUS spending by central banks is creating a domino effect around the globe, prompting governments from Brazil to Turkey to take steps to keep easy or “hot” money from flooding in and driving up the value of their currencies, says The Wall Street Journal. Japan followed the US and Europe in pledging to ease monetary policy to get the global economy moving. So far, only Brazil, Turkey and Peru have taken steps to ensure their currencies do not appreciate in value, mostly by dropping interest rates.
South Korea, Thailand, Singapore and the Philippines have all said they’re ready to act if capital inflows become excessive. Nigeria expressed concern about “hot money” from the Fed.
A survey released by HSBC shows China’s manufacturing may contract for an 11th month in September, adding to signs that the world’s second-biggest economy is decelerating for a seventh quarter. Premier Wen Jiabao may need to roll out more stimulus to reduce the risk he will miss the year’s economic growth target, the report said. Barclays and Morgan Stanley estimate China’s expansion will cool to 7.5 percent – the weakest pace since 1990. ·
The end of the Fiat Currency as we know it is right around the corner. Will you and your family be prepared?
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The ‘Federal Reserve’ does not print the money. The United States Dept. of the Treasury does, under the authority of the OCC (http://occ.treas.gov), and the Bureau of Printing and Engraving owns the presses. You can even tour the money factory in Washington DC (http://moneyfactory.gov), and watch the paper rolling off the presses!
This ‘money’ is borrowed by the government and banks. It’s really DEBT not money. It’s a promise to repay, and nothing more. Debt-based money only works if the debtor has character to repay it, and that’s the problem with debt-based currency, not that it isn’t gold or silver.