The Root of Every Economic Crisis Part 8
March 29, 2012
You have heard about fiat money, but do you know the meaning of fiat money? Fiat money is the value given to money by a governing body in order for the government to settle taxes or other debts. This money is not backed by gold or silver or other precious metals of high economic value. Inflation occurs when excessive fiat money is produced. The US Dollar is fiat money. Do you understand why the nations of the world have lost confidence in the US Dollar? What will this country look like if the dollar collapses?
Featured Resources From The Future of America
Make a DifferenceDonate
Cultural Legacy’s mission is to inform, motivate, and equip Christians and the American public to be pro-active in defending and implementing the biblical worldview on which our country was founded. Will you join us in this journey by remembering Cultural Legacy as part of your regular giving?