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Fiat Currency History --- The Real Cause of Collapse For All Fiat Currencies

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According To Wikipedia, Fiat money has been defined variously as:

any money declared by a government to be legal tender
state-issued money which is neither convertible by law to any other thing, nor fixed in value in terms of any objective standard
money without intrinsic value

The term derives from the Latin fiat ("let it be done", "it shall be")

http://en.wikipedia.org/wiki/Fiat_money


Ron Paul has famously repeated his opinion that every "fiat" currency in history has failed.

What Dr. Paul conveniently ignores is the fact that, in every case where this is true, said "fiat" currencies were subject to interest.

According to Mike Montagne, the founder of PEOPLE For Mathematically Perfected Economy™,

"The destructive issue we know then, because the idea that a form of money can injure us *because it is paper* is itself laughable. Every fiat currency in history (so far) failed not because it was paper, but because the tokens of wealth were subject to interest."

http://www.perfecteconomy.com/pg-mpe-102-fiat-currency.html

Ask Questions at the PEOPLE For Mathematically Perfected Economy™ Facebook page:

https://www.facebook.com/groups/pfmpe2012/


PEOPLE For Mathematically Perfected Economy™ is a trademark of Mike Montagne and PEOPLE For Mathematically Perfected Economy™, http://www.perfecteconomy.com.

http://www.youtube.com/watch?v=Oql8CTy6AcA

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Fiat Currency History --- The Real Cause of Collapse For All Fiat Currencies

  1. 1. FIAT CURRENCY According To Wikipedia, Fiat money has been defined variously as: ● ● ● any money declared by a government to be legal tender state-issued money which is neither convertible by law to any other thing, nor fixed in value in terms of any objective standard money without intrinsic value (such as paper) The term derives from the Latin fiat ("let it be done", "it shall be") http://en.wikipedia.org/wiki/Fiat_money
  2. 2. RON PAUL Ron Paul has famously repeated his opinion that every "fiat" currency in history has failed.
  3. 3. RON PAUL What Dr. Paul conveniently ignores is the fact that, in every case where this is true, said "fiat" currencies were subject to interest.
  4. 4. Mike Montagne According to Mike Montagne, the founder of PEOPLE For Mathematically Perfected Economy™...
  5. 5. Mike Montagne "The destructive issue we know then, because the idea that a form of money can injure us *because it is paper* is itself laughable...
  6. 6. Mike Montagne ...Every fiat currency in history (so far) failed not because it was paper, but because the tokens of wealth were subject to interest."
  7. 7. Mike Montagne http://www.perfecteconomy.com/pg-mpe-102-fiat-currency.html
  8. 8. PEOPLE For Mathematically Perfected Economy™ Ask Questions at the PEOPLE For Mathematically Perfected Economy™ Facebook page:

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