This is one of the best short explanations of fiat money and banking you will ever read. And I do mean short as in just a couple of minutes. Click through and RTWT:
Mike Krieger Explains Why Fiat Money is Immoral | zero hedge: "Today’s email is going to be a little different. A couple of weeks ago a friend of mine from NYC who is not in the business but is on my weekly email distribution list asked me to explain fiat money and why I think it is the wrong way to go. Below I am going to paste my response to her. There is so much disinformation out there about money it is scary."
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