This is a primer on money, especially fiat money, where it comes from, who makes it, why is it losing value, and how did this system ever come about?
Most people, I guess, know that with money they can go into a shop and buy things, and for their labour they can get more and can do the same again, fairly reliably. I don’t suppose many even think of, let alone care to know, where the money comes from. It works, and it is enough.
However, to understand our economic system, and how we are running on a debt that is growing at an ever-increasing speed, we need to look at where money comes from. The surprising thing is that fiat money is exactly that money that: is so because someone declared it so.
How did we get to this position? That is what the video by the coldfusion.tv team attempt to explain, so we can all be a bit wiser, and a bit more wary about the world we are living in. Understanding is important, because when you understand the system, you may want a better one.
if the embed doesn't show please follow this link
Things change! If this video is not visible and the link does not work please let me know in the comments section so I can update the page (the comment is not published).