Fiat Currency
Financial Instrument
Money backed by nothing tangible, essentially declared as legal tender by a government's decree ('let it be done' in Latin). Its creation dilutes the currency supply of other nations whose reserves are backed by the US dollar.
Mentioned in 2 videos
Videos Mentioning Fiat Currency
Who Controls All of Our Money?
ColdFusion
Money backed by nothing tangible, essentially declared as legal tender by a government's decree ('let it be done' in Latin). Its creation dilutes the currency supply of other nations whose reserves are backed by the US dollar.
The Man Who Predicted the Iran War 2 Years Ago Says We're Already in Phase Two — And There's No Exit
Tom Bilyeu
A currency not backed by a physical commodity like gold, susceptible to inflation if governments print too much money, leading to a loss of financial discipline.