If the people would know how fiat money works we would have tomorrow a revolution. This said Henry Ford (yes the man who founded Ford Motors Company) nearly hundred years ago. In 1694 the western fiat money system was invented by William Paterson. He founded the Bank of England (which still today exists) and his idea was to give the people worthless banknotes in exchange for their gold and silver coins. This was the first part of his famous paper trick. The second part was to receive the right from the Queen to print money. Before it was the right of the King or the State to print money. But now it was a privately owned bank that could print money and lend it to the State and not only to charge interests from the State but also receiving tax-secured treasuries in exchange for intrinsic worthless paper notes. The founders of the Bank of England had really nothing in value in their pockets. But with the right to print money they printed like crazy and became rich. But the British people became very poor quite soon. And if there were to much poor people in England they shipped them to their colonies. Quite soon afterwards every country in the world got a central bank. Today one country without a central bank is for example Iran. So think about why they want to conquer this country regularly. The world is run by central bankers and they became astronomical rich. Bill Gates is in reality not very rich compared with them.
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Excellent comment, but do not see too far and I apologize to the Americans if my message is offensive. The United States of North America is the only country that buys the natural recuse of any part of the world with paper money that they produce and that is worth 100 thousand times less, simply and simply because they used to the world that the dollar has to be the main currency globally. the expense generated by a barrel of oil is not the same as that generated by the printing of a dollar.
I'm always relieved when someone is delivering a eulogy and I realise I'm listening to it.