This great, illustrative 4 1/2 minute video explains the fiat money system that the world has been under since 1971 when “Tricky” Dick Nixon severed the dollar’s link to gold. It’ s this fiat system that creates inflation and is based on inflation. It is the inflation (digital money printing) of all currencies in the form of debt to the benefit of a few elites that have their hands on the money FIRST in the legalized counterfeiting process. Fiat money, created out of thin air and backed by politicians’ promises, is the principal reason why the world financial system is on the edge of a cliff. As you listen to your favorite talk radio shows today, ask yourself why this fiat money debt/inflation system is rarely mentioned or explained. Forget Obama, Romney, Merkel, or any other politician to solve this problem. They benefit too much from it.
Fiat Money Explained.