This is a primer on money, especially fiat money, where it comes from, who makes it, and how did this system ever come about?
Most people, I guess, know that with money they can go into a shop and buy things, and for their labour they can get more than will do the same, fairly reliably. I don't suppose many even think of, let alone care to know, where the money comes from. It works, and it is enough.
However, to understand our crucial economic system, and how we are running on a debt that is growing at an ever-increasing speed, we need to look at where money comes from. The surprising thing is that fiat money is exactly that money that is so because someone declared it so.
How did we get to this position? That is what the video by the coldfusion.tv team attempt to explain, so we can all be a bit wiser, and a bit more wary about the world we are living in. When you understand the system, you may want a better one.
