fiat currencies are basically currencies printed on paper – with good security features to prevent counterfeiting
basically – they are not backed up by anything
before 1971 , the currencies were backed by gold – you could only print as much currency as you had gold reserves
but after 1971 , that standard was removed – so now countries can print as much money as they want
distribute this money to voters so they can buy votes and stay in power
some countries borrow money for helping countries during their wars – there is no accountability on where this money is going
it also causes inflation – basically causing prices to go up
to avoid showing inflation , governments are involved in suppressing the price of gold and silver , precious metals that go up during inflation
but looks like people are rejecting this now and wars are causing gold and silver to go up …
