The fraud of fiat currency: a big accepted lie

In short, fiat currency is the greatest collective deception we have swallowed. It is money that only has value because the government says it does, nothing more. There is no gold, there is no silver - just the empty promise of a politician. And the worst part is that we all pretend this makes sense.

I have seen how these "coins" lose value year after year while governments print bills as if there were no tomorrow. Most countries use this system to buy, sell, and save, without questioning that they are building their lives on quicksand.

The origin of this farce

The history of this deception began in China centuries ago. The province of Szechuan started with paper coin in the 11th century. At first, it seemed harmless - you could exchange it for things of real value like silk or precious metals. But then came Emperor Kublai Khan and saw a perfect opportunity to manipulate the economy.

And so the circus began: they printed so much money that they caused hyperinflation and contributed to the fall of the Mongol Empire. Does that sound familiar? It's exactly what central banks are doing today.

Europe followed the same path in the 17th century. Sweden tried and failed miserably, having to return to the silver standard. Did we learn the lesson? Of course not.

In 1933, the United States prohibited people from exchanging their bills for gold, and in 1972, Nixon completely ended the gold standard. Since then, we have lived in a world where money is simply a number on a screen.

The Great Scam: Fiduciary vs. Gold Standard

With the gold standard, there was at least something tangible backing your bills. Each paper represented a specific amount of gold in the government's vaults. There was a natural limit to how much they could print.

Now, with the fiat system, they can create money out of nothing. They call it "quantitative easing" to make it sound sophisticated, but it's simply printing money without backing. Governments and their central banks have total control over our money and can devalue it whenever it suits them.

The defenders of this system say it provides "flexibility" in economic emergencies. Flexibility for whom? For politicians and bankers, while the average citizen watches as their savings are worth less every day.

Cryptocurrencies: an imperfect but necessary alternative

Unlike government-controlled fiat currency, cryptocurrencies are decentralized thanks to blockchain. No one can print more Bitcoin whenever they want - its supply is mathematically limited to 21 million.

Cryptos have no physical borders or government restrictions, which makes them much freer for global transactions. Of course, the crypto market is volatile, but what do you prefer? An honest roller coaster or a ship that is slowly sinking while the captain says everything is fine?

Bitcoin was not created to replace the entire monetary system, but to give us an alternative when governments abuse their power to create money out of thin air. It is an economic network that offers an escape from state financial monopoly.

The next time you hold a banknote in your hand, remember that its value depends solely on a collective illusion and the increasingly fragile trust in a system that has repeatedly proven to be manipulable by those in power.