When you turn on your faucet that's not water that comes out.. Same deal with that cool / warm air from your vents. That's not light emitting from that bulb.. Nor your favorite show on the tube. The "music" on your mp3 player isn't music.. It's fiat.
It's all fiat that flows from your various "fixtures"..
From you to them..
You see what we used to call "capitalism" seems to have "evolved" into something quite different.
Utility companies have hooked themselves up directly to our fiat. Many people have set up auto pay in their checking accounts as a "convenience".
If you think about it (really hard) you might realize that not that long ago when people were cold they built a fire. When they were hot they got in some water or shade or just "toughed it out". When they needed light they lit a candle. What food they needed to survive (not become round) they grew or killed themselves..
What was important at one point in our collective history was the ability to survive. To be able to sustain ourselves.
Utility companies and major corporations got nothing from them.
Our auto insurance company refuses to take any form of payment other than a direct connection to our private checking account. Basically, once a month, they just write themselves a check out of our account.
Corporations are not too stupid.. they are way too smart, and devious. The entire "game" of capitalism has become one of how best to suck the maximum amount of fiat out of the maximum number of sh/people in the shortest period of time.
It's no longer at all about noble causes such as providing value for fiat.
Who else wants "our" fiat?
Governments, banks and other corporations.
They are all lined up with their one sided, legally binding contracts and collections departments.
The only way to truly BE free is to be debt free.. To owe no one anything. To protect your fiat as if it were actually valuable LMAO
Fiat money is money that derives its value from government regulation or law: the initial value of fiat money is established by government decree. The term fiat currency is also used when the fiat money is used as the main currency of the country. The term derives from the Latin fiat ("let it be done", "it shall be")
The term fiat money has been defined variously as:
any money declared by a government to be legal tender.
state-issued money which is neither convertible by law to any other thing, nor fixed in value in terms of any objective standard.
money without intrinsic value.
While specie-backed representative money entails the legal requirement that the bank of issue redeem it in fixed weights of specie, fiat money's value is unrelated to the value of any physical quantity. Even a coin containing valuable metal may be considered fiat currency if its face value is higher than its market value as metal.
A feature of all fiat money is its acceptability to the government for payment of taxes and charges, or purchase of government debt, such as bonds, notes, and bills.
Fiat money is not essential for large countries, nor is it always used. An economy may function on banknotes issued by commercial banks, which are not legal tender, and hence not fiat money. This was the situation in the United States during periods prior to 1862, before the first United States Notes were created and declared by the government to be legal tender.
Fiat has value ONLY because YOU think it does.. If Americans, or any other countries citizens for that matter, lose faith in a fiat currency then it simply ceases to exist. It is worth it's intrinsic value, the value of the paper it's printed on, nothing, zero.
In our own household we try to protect our fiat.
It's not really because we love and lust after it like everyone else on the planet.
It's mainly because I derive a great deal of pleasure out of depriving government, banks and corporations of as much of my fiat as is humanly possible.