[Perseverando]

Though not money. It’s just a piece of paper (or an electronic byte) with a “1” or a “10” and no relationship as such to a defined unit of account other than the nominal number.

Yep. And that's a problem. The politicians all love to manipulate the currency to make them look good, and to enslave the citizens.

[DaiHuy]

“The Continental Congress printed a fiat currency, called a “Continental,” which was not backed by gold or silver.”

Federal Reserve Notes anyone? A FRN is nothing more than an instrument of debt, after all what is a bank loan, it is a promissory NOTE.

I remember when coins actually jingled in your pocket, and paper money said “payable in silver upon demand.”

Really why does 1 silver dollar, minted by the Treasury cost anywhere from $17 of $55.00 FRNs if both have the same value?

[Sam Gamgee]

And isn’t modern banking even worse? If they have say $1000 in deposits of fiat money, they get to lend out $9000 in magically created money.