fiat money

fiat money: money that is useless; is used only as a medium of exchange; money which has no intrinsic value and cannot be redeemed for any commodity, but is made legal tender through government decree. all modern paper currencies are fiat money, as are most modern coins. the value of fiat money depends on the strength of the issuing country's economy. inflation results when a government issues too much fiat money. 

our money is worthless. the only value it has is our dependence on it. 

is it fiat money. no gold/silver. 

if our country ever goes back to the gold standard, maybe our economy wouldn't be inevitably doomed. 

i've discussed earlier that when there is more money in circulation, businesses have to raise prices in order to provide for the increased spending/demand. so when prices are higher, the value of money is lower. therefore, when there is more money in circulation, money looses value. 

since the government is in debt to the federal bank(the federal reserve bank,) it has to issue the people debt(loans) in order to pay for its own debt.