The Ron Paul Institute for Peace and Prosperity is a special project of the Foundation for Rational Economics and Education, a non-profit established by Ron Paul in 1976 that continues and expands Dr. Paul’s lifetime of public advocacy for a peaceful foreign policy and the protection of civil liberties at home. Are you for war or for peace? Are you for scarcity or prosperity?
Fiat money is money that derives its value from government regulation or law. The term fiat currency is used when the fiat money is used as the main currency of the country.
While gold or silver backed representative money entails the legal requirement that the bank of issue redeem it in fixed weights of gold or silver, fiat money’s value is unrelated to the value of any physical quantity.
Even a coin containing valuable metal may be considered fiat currency if its face value is higher than its market value as metal.
Have you seen propaganda made as movies that shows a bank robbery in which people are willing to face death for a pile of papers, plastics or metals?
Are you aware that just a group of people took the power to print fiat money and put their name on it? Who is crazy enough to believe the illusion that fiat currency value is higher than it’s actual face value?
Will you be deprogrammed from the bankers propaganda? How are you going to help those around restore free trade by homesteading goods and services? Will you create local currencies independent of federal control?