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Board Serious discussion
Merits 1 from 1 user
Re: Will you use a Facebook coin?
by
BurtW
on 20/06/2019, 12:26:50 UTC
⭐ Merited by Csmiami (1)
Fiat money does at least come from democratically elected governments (public institutions) so even if it's not perfect, it can be controlled, and is meant to be "for the people".
You obviously don't know that in the United States at least "fiat money" (the USD) is created by a conglomerate of private institutions:  the Federal Reserve (a private institution owned by very large private banks and other private investors) and all the private banks in the private banking system.

The United States government (originally "for the people" but now, due to the citizens united decision is, is "for the Corporations") then uses the money created by this privately held corporate conglomerate of privately held corporate banks and the Federal Reserve central bank.

RESEARCH it.

Here is a list of the stockholders/owners of the Federal Reserve system.  Unfortunately, since is it a privately held congolmerate, we do not know the amount of stock each of the stockholders owns.  But hey, at least we do know who owns and profits from our central banking sytem:

http://philosophyofmetrics.com/wp-content/uploads/2016/02/List-of-Federal-Reserve-Member-Banks-2015.pdf