The Fiat Standard and Debt Slavery
In this exclusive extract, the author of "The Bitcoin Standard" introduces its sequel, "The Fiat Standard."
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A former drug and alcohol addict discusses our addiction to fiat money, debt slavery and how Bitcoin inspires him for the future.
American actress Roseanne Barr has tweeted cryptic support for Bitcoin. Already controversial for her support of the Occupy movement, and calling for the beheading of bankers, Roseanne Barr seems to be backing Bitcoin as the perfect currency for trading after the apocalypse. While many celebrities get a PR firm to run their twitter feed, we get the feeling Roseanne is a bit more hands-on... Barr wrote: first post apocalyptic law: slavery in all forms is now illegal-including debt slavery. #BITCOIN. - Roseanne Barr (@TheRealRoseanne) May 28, 2013. Quickly followed by: 2nd law: war is....
The fiat standard has drained the value out of more than just money, leaving family units a weak shell of their former strength.
Fiat money extends the debt cycle and traps citizens in ever-increasing inflation — but bitcoin forces a reckoning.
In the beginning, there was Fiat, and Fiat was government. Through fiat, all things are priced. Dollars, it turns out, are blasphemy. "Just get Congress to pass a bill authorizing the printing of full legal tender treasury notes . . . and pay your soldiers with them and go ahead and win your war with them also." All government law is fiat. Fiat is a decree. When used for currency, it is a recognition of the value of paper and ink by law. Governments officially recognize a sovereign currency as legal tender and accept payments of debt only in that currency. Fiat also gives the government....