> people exchange gold, silver and copper coins > people put their precious gold in the bank and exchange bank notes, which can be exchanged for gold > great depression happens, governments want to expand the money supply to bail out failing banks and businesses so they do away with the gold standard > money is now backed by the fact businesses can only pay taxes in legal tender thus are willing to exchange goods and services for the paper > some governments like zimbabwe print it like monopoly money > low corruption governments aim between 0% and 5% inflation to keep it predictable for businesses and allow them to expand the money supply at various rates without the excessive drawbacks of inflation > fiat currency is not perfect but schizophrenic conspiracy theorists absolutely flip their shit over it, blowing it out of proportion > claim rothschilds own every central bank and that anyone who owes money to a bank, which in turn owes money to a central bank, is indebted to the rothschilds > claim gaddafi was overthrown because he started minting gold dinars and threatening the "petrodollar" which helps back the dollar > claim jewish financiers control whoever they loan money to that about summarises it
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