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Abibisika (Black Gold) Points
This Japanese cab driver doesn’t have a passport, so his passengers from around the world gave him souvenirs from their countries.
A fiat dollar is a US dollar that is a type of fiat money, which is currency that is not backed by a physical commodity like gold. Instead, the value of fiat money is based on the government’s declaration that it is legal tender.
How does fiat money work?
The rich control over the population is the way of the European and their capitalistic false economic structure we have all come to love and rely on. The rich owns all the property and raw material and give the uneducated and poor an I-Owe-You (Fiat paper money) and broken lawless promises.
1. The government controls the supply of fiat money, which gives central banks more control over the economy.
2. The value of fiat money is based on people’s trust in the government that issues it.
3. The value of fiat money is determined by a number of factors, including economic supply and demand, interest rates, and the money supply.
Examples of fiat money The US dollar, The euro, The British pound, and The Japanese yen.
Potential problems with fiat money
· When a central bank prints too much money, the money can lose its value.
· This can lead to inflation, which can become hyperinflation if left unchecked.
The US government has sometimes printed more money to stimulate the economy, such as during the Covid-19 lockdown.
Don’t make the USA dollar be your passport for living a selfish life.
