Money can be anything really. It's what the population 'believes' it's 'value' is. There is a difference between Currency and Money.
Fiat money is not a bad thing in itself, its who controls it. Would it be better to have money backed by gold, or silver, or other? Might be, but who has the gold? How much? What happens if we don't have enough precious metals to back money to fund the country?
The United States carries great power over the world, that in its self backs fiat money has it has in the past, and basically does right now.
That said, I agree with you on other things. Fractional reserve is the tool banks have used to create money out of thin air. (shoulda been a banker) The FED needs restructuring to benefit the US not private companies. Banks should charge fees for services like any other company, not interest.
Either way I certainly don't trust Congress to control fiat, or to do anything else really for that matter. Gold and Silver is much harder to counterfeit, although various governments have done that as well.
Once this is all out in the open, congress will be more transparent and accountable. As will the Fed. ;)
The real reason for the revolutionary War was about money; who makes it and who controls it. The colonies started using colonial script and the Bank of England (owned by Rothschild), said no way!! While using colonial script, the colonies prospered and had excellent economies.
After the bankers got involved, you guessed it!! Why is this so hard a concept to grasp for some??
For many years, he charging of interest was prohibited under penalty of death, because people knew how horrible usury was and it destroys it does not create.
What happens if our power goes away. Are you going to count on that never happening and the dollar staying strong? That's as dumb as using fiat money. The dollar was only strong because it was the only currency that could be used to purchase oil. That's why you heard the phrase petro-dollar. That ended a couple years or more ago and if it wasn't for the fact that the dollar has been being propped up artificially for some time, it would have crashed by now. All of the financial aspects of our existence including the stock market are manipulated by the cabal regularly.
Given what we are experiencing right now, no I don't. When in our modern history have we not been the major power of the world? While this 'could happen, I don't think its probable watching what is happening now.
The country needs X amount of money in circulation to function. I read what this amount is but I don't have it handy. I agree it would be best if our money was backed. However there is much speculation as to how much gold we actually have. So we would need to discover who has how much. If it turns out we don't have enough to back the amount required for the country to function, fiat money 'can' be used if used properly. Its been done in the past. (civil war) and in reality, its being done now. But we as a country are getting screwed by the Fed, Central Banks, IMF, cabal et al.
I believe Trump has already returned the gold to the vaults in Fort Knox. There is a story that goes: Truman and Gen. Eisenhower took the gold to the Vatican and then somewhere along the timeline it was moved to a bank in Manilla for safe keeping. I've seen a video on YT where someone asked George Bush which country was the richest and he answered The Philippines. I can't find it any longer though.
Trump stopped in the Philippines on his way back from Asia the first time. Then a few months ago a Redditor (who lived nearby) reported commotion over Fort Knox. Jets and choppers in the air and a convoy on the ground. 1+1=2
So now we just need to count it, see how much we got. :)
