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

The BIS Abandons the Swiss Gold Franc and Replaces it with Special Drawing Rights (SDR) - The Last of Gold-Backed Currency!

The BIS Abandons the Swiss Gold Franc and Replaces it with Special Drawing Rights (SDR) – The Last of Gold-Backed Currency!

On March 10, 2003, the Bank of International Settlements (BIS) abandoned the Swiss gold franc as the bank’s unit of account since 1930, and replaced it with the SDR. SDR stands for Special Drawing Rights and is a unit of currency originally created by the IMF. According to James C. Baker, pro-BIS author of The Bank for International Settlements: Evolution and Evaluation, "The SDR is an ...
David Chaum started the Company DigiCash in 1990 with "Ecash" as its Trademark

David Chaum started the Company DigiCash in 1990 with “Ecash” as its Trademark

In 2016 David Chaum was dubbed “the father of online anonymity” by Wired magazine. And he could feasibly be heralded as a cryptocurrency pioneer, too, as in 1993 he came up with the concept of ecash – an early precursor to today’s forms of digital money. By 1997, moreover, he had managed to raise finances for his idea and even got a bank in St. Louis ...
At the Bilderberg Meeting in Saltsjobaden, Sweden a Major Topic is "a 400% Increase in the Price of OPEC Oil in the Very Near Future."

At the Bilderberg Meeting in Saltsjobaden, Sweden a Major Topic is “a 400% Increase in the Price of OPEC Oil in the Very Near Future.”

The twenty-second Bilderberg Meeting was held at the Grand Hotel Saltsjobaden in Saltsjobaden, Sweden, on 11, 12 and 13 May 1973 under the chairmanship of H.R.H. The Prince of the Netherlands. There were 80 participants, drawn from a variety of fields: government and politics, universities, journalism, diplomacy, industry, transport, trade unions, the law, banking, foundation administration and military service. They came from thirteen Western European countries, ...
France Exercises their Option Under Bretton Woods to Exchange Paper Notes for Gold so the US Suspended the Gold Convertibility of the Federal Reserve Notes

France Exercises their Option Under Bretton Woods to Exchange Paper Notes for Gold so the US Suspended the Gold Convertibility of the Federal Reserve Notes

France looked at the huge pile of paper notes sitting in their vaults, for which real French products like wine and cheese had been traded, and notified the United States government that they would exercise their option under Bretton Woods (agreement following WWII) to return the paper notes for gold at the $35 per ounce exchange rate. Of course, the United States had nowhere near the ...
Dr. Carroll Quigley Publishes 'Tragedy and Hope: A History of the World in Our Time"

Dr. Carroll Quigley Publishes ‘Tragedy and Hope: A History of the World in Our Time”

Carroll Quigley was an insider according to his own words: "I have studied it (secret international network) for twenty years and was permitted for two years, in the early 1960s, to examine its papers and secret records. I have no aversion to it or to most of its aims and have, for much of my life, been close to it and to many of its instruments ...
President Kennedy Sign Executive Order 11110

President Kennedy Sign Executive Order 11110

If you follow the alt media you've probably heard the theory that the bankers were behind the JFK assassination. The theory holds that JFK was trying to end the Fed by creating debt-free, silver-backed money through Executive Order 11110, and the bankers saw this as a threat to their monopoly over the money supply. But this theory is not just wrong, it is completely opposite to ...
Bretton  Woods Conference: A Step Towards Global Currency and a New World Order

Bretton Woods Conference: A Step Towards Global Currency and a New World Order

After World War II left the world’s financial system in disarray, political leaders and financial gurus met at Bretton Woods, New Hampshire, from July 1-22, 1944, to plan the post-war economic order. Economist John Maynard Keynes and the British government proposed the creation of a world currency called the “bancor,” and the U.S. government proposed a world currency to be known as “unitas.” But for a ...
Rep. Wright Patman: "I Have Never Yet had Anyone Who Could... Justify the Federal Government Borrowing the Use of its Own Money."

Rep. Wright Patman: “I Have Never Yet had Anyone Who Could… Justify the Federal Government Borrowing the Use of its Own Money.”

Representative Wright Patman testifying to the House Committee on Banking and Currencies on September 29, 1941 regarding the insanity of the Federal Reserve System (Congressional Record, p. 7583): Our government debt at this time is approximately $50 billion. By the time that it’s paid, it will aggregate $100 billion . . . The amount of 100 percent is due to the interest charges . . ...
Federal Reserve Chairman, Marriner Eccles, Testifies to The House Committee on Banking & Currencies: "The Banks Create Money"

Federal Reserve Chairman, Marriner Eccles, Testifies to The House Committee on Banking & Currencies: “The Banks Create Money”

June 24, 1941 (Full hearings from 1941-42): House committee on Banking & Currencies - How banks create money is best revealed by Governor Eccles at Hearings before the House Committee on Banking and Currency on June 24, 1941: ECCLES: "The banking system as a whole creates and extinguishes the deposits as they make loans and investments, whether they buy Government Bonds or whether they buy utility ...
Congressman McFadden Continues to Expose the Federal Reserve: "It was a piece of legislative trickery; ...a piece of work in the committee that was silent & secretive."

Congressman McFadden Continues to Expose the Federal Reserve: “It was a piece of legislative trickery; …a piece of work in the committee that was silent & secretive.”

"The Congress of the United States must immediately throw the searchlight of investigation into this dark corner, or we are going to be swamped with political influences that are manufactured in foreign countries and that will lead us to the surrender of our heritage of living, just as has been done on former occasions. Just as we did, for example, when we entered into the Jay ...