heylinb4nz: This explains everything very well
http://hiddensecretsofmoney.com/videos/episode-4
In fact id recommend the other videos in the series which explain the difference between currency and money. I guarantee after you watch this you will think long and hard about where this whole fiat currency scam is heading.
It's not actually that interesting, and doesn't tell you any more than you would find in a basic (fifth or sixth form) highschool economics text thirty years ago. I gave up about half way through. Fiat currency isn't backed by a defined asset (eg gold or silver), a central bank is able to create currency at will (but not wealth, if the money economy grows faster than the real one you just get inflation), and the banking system creates credit (as it has since the days of the goldsmiths in medieval days).
If the politicians mismanage it then you get hyperinflation and poverty, as happened in latin america throughout the 1980s and seems to be happening in Argentina now.
None of this is exactly a revelation. Any student who passes highschool economics can explain it. Nor is it rocket science, or a conspiracy, or a "scam".
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