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Over the past 100 years the global money supply has increased dramatically, leading to rising prices, ordinary people forced into heavy borrowing and government debt spiraling out of control - US national debt, for example, currently stands at more than US$17.5 trillion (as of 30/04/14). In response to this, some people have been calling for a return to the gold standard, a monetary system where the value of national currencies is directly linked to gold. This is different to the fiat money system currently in use the world over, where the value of national currencies is determined by governments.
How federal governments allow banks to create the vast majority of the world's money supply, and why that erodes the value of money over time.
Show notes at http://moneyfortherestofus.net/mny094-money-created-destroyed/
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Good Morning Family. Today we are talking Money In The News™. The powerball is over thank god, The president speaks aout our economy, the market is talking a noise dive. So much to talk about this week and so little time. Join me today and let's talk money in the new on The Cheap Cheetah Money Show. Your suggestions and money stories are always welcomed.
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Today's topic is Fiat money.
History of Money
Use of Fiat currencies
Creation of the Federal Reserve
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