Quote from: BurtW on June 20, 2019, 12:26:50 PM

Quote from: Csmiami on June 19, 2019, 07:01:57 PM

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

Hmmmm, that's a hell of a good point. I'm not sure how things work over America (or the USA), and you made me doubt about how things actually work in the European Union. As far as I know, we have the European Central Bank, that is formed from the different National Banks (say Bank of Spain, of France, of Germoney...) which I believe are part of the State. But I'll check it in the following weeks (unless someone else already know it and explains it) Lips sealed

PS: I thought that everything called Federal.... was part of the Government over the US Undecided