Tag Fiat

abstract barbed wire black white black and white

BIS Confirms that CBDC is a Control Tool

The Bank for International Settlements (BIS) is a bank that not many people have on their radar, but it is something like the supreme central bank – or the central bank of central banks. The BIS is currently working with…

low angle photography of eiffel tower

Why Currency is not Money

The term money is nowadays used for all the banknotes and the coins that go with them. In reality, what we use today to exchange products and services is not money but currency. Fiat currency to be exact. Money and…

gray auto bill counter

What is Fiat Currency?

Today I would like to introduce you to fiat currencies, something we have been using all our lives, but did you know exactly what you are using here? Nowadays it is used all over the world to buy products or…

gold and silver round coins and bullions

A New Ban on Gold?

Gold bans are not improbable and it has already happened in major economies. Whether in the U.S., Germany, or other European countries a gold ban has been in place again and again in recent history. Many will not remember or…

reflection of gray mosque on water

Spend Until the End

The first part is done for Biden’s massive spending program. The first package of $1 trillion has been approved and is now on the president’s desk for signature. This package is an infrastructure package that involves the renovation of roads,…

close up of one us dollar

The Farce of the Fiat System

Imagine a world where fiat currency does not yet exist. Now your government has decided to introduce dollars as a medium of exchange. You are the first to go to a bank and borrow 1 dollar. This dollar you have…

food wood light drink

First El Salvador, now Brazil

El Salvador was the first nation to adopt Bitcoin as a legal tender and now Brazil wants to follow the small Central American nation. The start for El Salvador was certainly bumpy, due to Bitcoin’s short-lived plunge compared to the…

Change Language