A little blog for a restless mind

The Worth of Money

I came across an article that sums it up nicely what the global economic trend is. The worthless dollar, declining quality of living, media junk, and so on. And how it will all just implode one day. You might want to read at least the last two paragraphs.
There is also mention of fiat money in the article. For those that don't know it is the money made up from thin air, with no backing whatsoever, usually by central banks or government decrees. It has no intrinsic value (no effort has gone into making it, it doesn't represent anything, it has no backing). It always eventually becomes worthless.

posted by AlesS @ 6/02/2005 10:58:00 AM