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Fiat Currency - The worlds largest Ponzi Scheme

Welcome to the second edition of The Business Debrief. This week's Debrief is about being vary of the perils of Fiat Currencies and understanding the true value of our money.

September 23, 2023

Briefing

In the world of finance and economics, few topics generate as much controversy and debate, as does fiat currency. While most people go about their daily lives using paper bills and digital transactions without a second thought, a growing chorus of skeptics contend that fiat currency is nothing more than a sophisticated Ponzi scheme — one that has been perpetrated on a global scale.

This perspective challenges the very foundation of our monetary system and forces us to reevaluate our understanding of wealth and the systems that underpin modern economies.

To understand this assertion, we must first unravel the fundamental aspects of fiat currencies and the parallel characteristics it shares with an elaborate scam. From the origins of money to the intricate web of debt and the elusive nature of today's wealth, this article by FNJ Global will navigate the complex terrain of fiat currencies' controversial status. Read on and come back.

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Visual Aid

If reading is not your thing, take a look at this video where we share some eye opening facts regarding the true value of our "money". If you like the video, then do not forget to subscribe to the Five Archive.

Fact Check

  • The global money supply of fiat currency is estimated to be around $36.8 trillion. It has grown by over 50% in the past 10 years.

  • The US dollar is also the most widely held fiat currency in the world, accounting for around 60% of global foreign exchange reserves.

  • The average inflation rate for fiat currencies over the past 100 years has been around 2.5%.

  • The highest inflation rate for a fiat currency in modern history was in Zimbabwe in 2008, when it reached 231,000,000%.

  • The US dollar became the world's reserve currency after World War II.

Laugh Attack

  • Why did the fiat currency go to therapy? Because it felt worthless.

  • What's the difference between inflation and a zombie? A zombie will eventually stop eating you.

  • What's the best way to save money on groceries? Buy them last week.

  • What is transitory inflation? It’s similar to regular inflation but with twenty percent more lies

  • What's the best way to get ahead in inflation? Be born rich.

Quote Corner

"By a continuing process of inflation, governments can secretly confiscate wealth of their citizens." - John Maynard Keynes

"Fiat money is a fraud based on the general acceptance of a worthless concept." - Murray Rothbard

"Fiat currency is an IOU from a bankrupt government." - Peter Schiff

"Paper money eventually returns to its intrinsic value - zero." - Robert Wenzel

"Fiat money is the ultimate form of government control." - Ron Paul

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