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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (10509)	10/25/2006 1:04:48 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 217901

If you think that "fiat" by definition means "by 3D territorial government without gold as backing", then you are right. en.wikipedia.org I don't think I'm stretching the word too much to use it in the way I do. What else would one call a publicly controlled currency which is unbacked by any objects, or promises by governments to back it by taxation and military power? I don't consider "Madness", "Stupidity" or "Fool's Go-d", useful words in this context. My use of "currency" seems right. dictionary.reference.com I have no idea why you have a problem with it. Mqurice