according to Wikipedia fiat money has been defined variously as
any money declared by a government to be legal tender
or state issued money which is neither convertable by law to
any other thing nor fixed in value in terms of any
objective standard or money without intrinsic value
such as paper the term derives from the Latin
Fiat or let it be done or it shall be
Ron Paul is famously repeated his opinion that
every fiat currency in history has failed What Dr. Paul conveniently ignores the
fact that in
every case where this is true said fiat currencies were subject to interest
According to Mike Montagne, the founder of People
mathematically perfect
economy the destructive issue we know then
because the idea that form of money can injure us
because in this paper is itself
laughable everything fiat currency in history so far
failed nott because it was paper but because the tokens of wealth
were subject to interest
them
ask questions at the people for mathematically perfect economy Facebook
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