Fiat Money Explained: Benefits, Risks, and Global Examples
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Fiat Money Explained: Benefits, Risks, and Global Examples
Learn about fiat money, its role in the economy, its pros and cons, and global examples like dollars and euros, providing clarity on this essential financial concept.
4 months ago
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💷 When Real Money Stopped Being Money 1966 Part 5 of 7 – “The Hidden History of Australia” In 1966, Australia abandoned the pound and moved to decimal currency — the final break from real, substance-backed money. Gold and silver were replaced with paper and promises, and value was no longer measured in weight, but in trust. From that moment, every dollar created carried a matching debt. The wealth of a nation shifted from its people and resources to a system of credit controlled by the few. Tha
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