Stop Calling Government Money Fake

[savonarola]

I was watching this video and realized something. I've noticed a common misunderstanding on fiat money that I believe is leading to the Fed's case against the Liberty Dollar. Fiat means "by decree," not fake, as some people think. It's simply money (scrip) by decree, and is legal tender. While it is not true money, it is real. It is real because they say so, and that's all.

Listen to the moron from Forbes Mag. He's basically parroting the fed's case. Let's steal their thunder. If we are more accurate about how we engage the people, we have less of an opportunity to commit inaccuracies and allow the feds/media to lie to us.

 

[Ron LOL]

I agree. When you call "fiat" money "fake," you sound like a crazy gold bug.

 

[ItsTime]

Its not fake... It is as real as the Feds allow it to be.

 

[constituent]

it's worse than fake.


it is maintained by your obedience alone.

Refuse to Obey!

Arbeit will not set you Frei.

 

[hocaltar]

Yeah, it's not fake. It's just a Federal Reserve Note, which is worth well, whatever one thinks it is...

 

[noxagol]

I will call it real money once it is real money.

 

[Man from La Mancha]

Money is anything people agree too. So long as your buying gas and food with paper or electronic transfer, YOU have spoken to what money is.

.

 

[ronpaulfan]

Don't call it fake, that doesn't have the right impact.....Call it monopoly money

 

[runderwo]

Political money, funny money, etc.

A fun question to ask is, what's the difference between a counterfeiter and the federal reserve? The counterfeiter produces lower quality counterfeits, that's all. Both of them create money out of thin air, with no backing value, and for the benefit of special interests. And the effect on money already in circulation is exactly the same.

 

[specsaregood]

I agree. When you call "fiat" money "fake," you sound like a crazy gold bug.

With gold at $820 right now, who is crazy? Crazy like a fat, happy fox.

 

[MrCoffee]

If I write an IOU and have it signed, witnessed, and notorized, that's got to be "worth" something, right?

I think the concept is similar.

 

[Brent H]

How about calling it "counterfeit" as that's the word that Dr. Paul uses?

 

[DrNoZone]

It's fake because it's backed by NOTHING of value. It's not even worth, in real value, the paper it's printed on. That is why people refer to it as fake, and they are accurate in that sense. I agree though that counterfeit would be a much more accurate term.

Oh, and stop telling others what to do. Thanks.

 

[torchbearer]

If I write an IOU and have it signed, witnessed, and notorized, that's got to be "worth" something, right?

I think the concept is similar.

Its not worth anything to me. But your gold rings have some value to me. You can keep your "valuable" paper... I'll take your gold. In fact, I will give you a piece of paper with $10000000 written on it. Fair deal huh?

 

[torchbearer]

In the matrix, paper money is real and gold and silver is fake. If you live in this world you are in trouble. Take the red pill and we'll pull you out.

 

[davidkachel]

If I write an IOU and have it signed, witnessed, and notorized, that's got to be "worth" something, right?

I think the concept is similar.

If the IOU says "IOU more of these IOUs" does it really have any value?

 

[savonarola]

This isn't to say we shouldn't have a currency backed by gold or silver. The point is about how we conduct ourselves. If the Liberty Dollar is SEEN as legal tender, they have a case. If we understand the difference, and watch our words, they lose their case.

I'm with you all--end fiat currency. However, we have to be wise about what we say.

 

[skinzterpswizfan]

Its not worth anything to me. But your gold rings have some value to me. You can keep your "valuable" paper... I'll take your gold. In fact, I will give you a piece of paper with $10000000 written on it. Fair deal huh?

Why is does gold have value? Because people gave it value. Why does paper money have value? Because people gave it value.

 

[constituent]

1) The counterfeiter produces lower quality counterfeits, that's all. 2) Both of them create money out of thin air, with no backing value, and for the benefit of special interests.

1) i don't know about that, seen the new bills?

2) well, with the same backing. our obedience
to the mandate of paper.

 

[ronpaulitician]

Actually, I think that calling it "by decree" money will open more doors for intellectually honest discussion than "fake" money ever would.