Taking Back Our Stolen History
HISTORY HEIST
Fiat Money

Fiat Money

An object that has no intrinsic value and is still used as a medium of exchange. The term “fiat” derives from the Latin “fieri” meaning ‘it shall be’. Fiat money does not have use value, and has value only because a government maintains its value, or because parties engaging in exchange agree on its value. It was introduced as an alternative to commodity money and representative money. Commodity money is created from a good, often a precious metal such as gold or silver, which has uses other than as a medium of exchange (such a good is called a commodity). Representative money is similar to fiat money, but it represents a claim on a commodity. Fiat money first began to be used in China in the 11th century and has since been used by various countries. It gradually poisons any economy it invades. The corruption of money always begins the complete corruption of a nation.

“The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in iniquity and born in sin. Bankers own the Earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough money to buy it back again…Take this great power away from them and all great fortunes like mine will disappear, and they ought to disappear, for then this would be a better and happier world to live in. But if you want to continue to be slaves of the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit.”

– Josiah Stamp, former Governor of the Bank of England during the 1920’s

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Chronological History of Events Related to Fiat Money

Essay on Patriotism and Globalism by Chilean-born Sven von Storch - National Sovereignty: Make Latin America Great

Essay on Patriotism and Globalism by Chilean-born Sven von Storch – National Sovereignty: Make Latin America Great

The Great Reset and Great Recession The world is currently facing two major challenges: First, the fight for a possible New World Order. The global leadership of the United States has turned into a struggle between the USA and China for world domination. And secondly, the international financial and currency system is facing a historic collapse. These two factors pose a grave threat to the order, stability ...
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Study: Money Only Buys Happiness for a Certain Amount

Study: Money Only Buys Happiness for a Certain Amount

They say that money can’t buy happiness… …or can it? A recent study showed that money can buy happiness, but only a certain amount.  We can call this a baseline level of happiness. The researchers concluded that the ideal income for individuals is $95,000 a year for life satisfaction and $60,000 to $75,000 a year for emotional well-being, with families with children needing more. What happens after that level of ...
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Bitcoin Milestone: Bitcoin’s Value Exceeds That of Gold

Bitcoin Milestone: Bitcoin’s Value Exceeds That of Gold

March 3, 2017, saw Bitcoin reach a milestone that tech website Engadget has deemed “a weird but auspicious moment in human history.” That’s because, on that day, the worth of one unit of the cryptocurrency – then $1,238.11 – exceeded that of the value of an ounce of gold, which was priced at $1,237.73 by Bloomberg Markets. Just 38 cents were in it – but it ...
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12-year old Victoria Grant explains why Canada, and Most of the World, is in Debt at the Public Banking in America Conference (Philadelphia, PA).

12-year old Victoria Grant explains why Canada, and Most of the World, is in Debt at the Public Banking in America Conference (Philadelphia, PA).

Economists around the world are struggling to break free of the clutches of the financial crisis but a Canadian girl explains exactly what needs to be done. Victoria Grant, 12, became an overnight Internet sensation after a video of her slamming Canada’s banks and the government for robbing the people, went viral. “What I’ve discovered is that banks and the government have colluded to financially enslave ...
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Bitcoin Milesone: Bitcoin Reaches Parity with the US Dollar

Bitcoin Milesone: Bitcoin Reaches Parity with the US Dollar

A little more than two years after the first Bitcoin transaction in January 2009, the digital currency passed a major milestone. It was on February 9, 2011, in fact, that Bitcoin first reached parity with the U.S. dollar on leading exchange MtGox – an achievement that arguably now marked it out as a legitimate force to be reckoned with in the worlds of international commerce and ...
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