“Fiat lux”, said God, having created heaven and earth, which was filled with darkness. And then, there was light. At least, that’s what the Holy Bible tells us. Translated to English, this Latin phrase means “let light be made.”
For Christians, who much of the global population, these words mark the beginning of time and everything else. Eventually, there came a time when audacious, power-hungry, control-freak governments took the word “fiat” (literally meaning “it shall be” or “let it be done”) and used it to disguise one of the biggest shams ever — fiat currencies.
Eons later, in 2009 A.D., came the Bitcoin Genesis Block — the first chapter of a new bible in the making: the Bitcoin white paper. It marked the beginning of a new time of monetary independence and the gradual obliteration of the financial deception that governments play upon citizens.
Now, almost 11 years later, we are moving with steady steps toward Judgement Day: the day that we come to own the money we earn. We will control our money and not the central bank-government nexus.
What is fiat currency?
Imagine a stone that I picked up while strolling on the beaches of Miami. It’s an ordinary stone of no real value whatsoever (except emotional value, of course). Now, imagine yourself as someone who trusts me — or better still, has faith in my words and actions. I give you this stone, saying that it has a value that you can exchange for goods — you believe me. Excited, I go back to where I’d been on the beach and discover a rather endless supply of these stones. Then, I catch hold of some other people like you, build a narrative of trustworthiness that is rooted in your naivete, and establish a new currency.
This, in a metaphorical way, is exactly what fiat currency is — a bluff, a farce. So much so, thatRichard Russel fiat currencies as:
“The greatest fraud ever perpetuated on the American public.”
The deceivers here, of course, are the governments and central…