The United States (and the world) has been using the worthless fiat federal reserve note that is not backed by any true tangible asset. The only backing is not even the “full faith and credit of the United States government,” because the government is too far in debt to have any credit. Faith disappeared a long time ago: our faith in elected officials as public servants. Instead, they serve themselves upon the labors of the public, and the public services them, in every sense of the word.
Cryptocurrency is an illusion. The new “shell game” is to replace one illusion…the fiat currency…with another illusion, the “bitcoin.”
at http://www.zerohedge.com/news/2017-10-21/crypto-currency-calm-storm
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