A monetary system in which the value of currency is established by declaration and is not backed by a fixed asset, such as gold. Today most of the world currencies are fiat currencies. Compare to Gold Standard.
Related information about fiat currency:
- Fiat money - Wikipedia, the free encyclopedia
The term fiat currency is also used when the fiat money is used as the main ... Even a coin containing valuable metal may be considered fiat currency if its face ...
- Fiat Currency - The Daily Reckoning
Fiat currency has a long history of failure, as seen with the Roman denarius and the Chinese fiat currencies, among countless others. The U.S. dollar is headed ...
- Fiat Money Definition | Investopedia
Currency that a government has declared to be legal tender, despite the fact that it has no intrinsic value and is not backed by reserves. Historically, most ...
- The Birth of U.S. Fiat Currency - Bloomberg
Apr 2, 2012 ... On April 2, 1862, the first greenback left the U.S. Treasury, marking the start of a new era in the American monetary system.
- Fiat Money - YouTube
Sep 22, 2011 ... Remove; Report profile image; Flag for spam; Block User; Unblock User. haibane13 1 month ago. Fiat Currency = Ponzi Scheme. Reply ...
- Get Ready For An Epic Fiat Currency Avalanche
Get Ready For An Epic Fiat Currency Avalanche. Friday, 14 September 2012 10: 29 Brandon Smith. What is it that makes Keynesians so insanely self destructive ...
- Are Fiat Currencies Headed for a Collapse? -Asia Business News ...
Jul 27, 2012 ... A fiat currency derives its worth from the issuing government - it is not fixed in value to any objective standard. That means central banks can ...
- Fiat Currency - Halexandria.org
Fiat Currency. Thomas Jefferson is reputed to have said that, “If the American people ever allow private banks to control the issue of their money, first by inflation ...