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DesmondFiat money derives its value by being declared to be legal tender by a government

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Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context.[1][2][3] The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, sometimes, a standard of deferred payment.[4][5] Any item or verifiable record that fulfills these functions can be considered as money.

Early American currency went through several stages of development during the colonial and post-Revolutionary history of the United States. Because few coins were minted in the thirteen colonies that became the United States, foreign coins like the Spanish dollar were widely circulated.

https://en.wikipedia.org/wiki/Money
https://en.wikipedia.org/wiki/Early_American_currency
http://www.no-debts.com/anti-federalist/files/ownmoney.txt

Before the 1970s, banks were banks. They did what banks were supposed to do in a state capitalist economy: they took unused funds from your bank account, for example, and transferred them to some potentially useful purpose like helping a family buy a home or send a kid to college.
                                                                                                                                                                          Noam Chomsky


https://www.truthcontrol.com/articles/fo...ional-debt




Money: The Greatest Scam In History - What Is Money?

https://youtu.be/pKmJowhn3bs
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Desmond (05-20-2019, 12:38 AM)

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