Fiat currency

From The TSP Survival Wiki
Jump to: navigation, search

Fiat currency is currency that is founded merely on government decree and cannot be converted to an asset such as gold and silver. Black’s Law Dictionary [Sixth Edition, 1991] defines “fiat” as an “A command or order to act. Arbitrary or authoritative order or decision.” “Fiat money” is likewise defined as, “inconvertible paper money made legal tender by a government decree.” Inconvertible to, for example, gold or silver. Made legal only by government decree. “Colored money”, i.e. money with the “deceptive appearance, assumed exterior, concealing a lack of reality.”[1]. It is any currency that is issued at will (usually by a government) without precious metals or other tangibles backing its value. (From the Latin "Let it be done.")



See Also

Common Financial Investments

Common Investments in Survivalism

Main article Invest in tangibles

Risk to Investments


Support for your Investments


External Links

Find the corresponding Survival Podcast episode

Relevant TSP Episodes

External Links

This page is in the process of being scrutinized.
Please help us by being very critical of the contents and changing the article to make it better.

Search Jack Spirko's Sites

Search Jack Spirko's Kindred Sites

Search Other Survivalist-Permaculture-Prepper-Patriot-Libertarian Sites

Search News Sites

Search Social Media Sites

Firearms-Related Sites Search

Search Second Amendment Defender Organizations

Search Popular YouTube Firearms Channels

Search Firearms Forums

Search the Major Search Engines

Personal tools