Paper (Fiat) currency has shown the full extent of the collapse of almost every economy that has instituted the Fiat currency to be able to trade for goods and services. Awareness is really important of what's really going on with the once almighty dollar.

What Is Fiat Currency?

It's a government-issued currency system with no backing by a physical commodity, like precious metals like gold and silver, or even bronze. It's showing the numbers are really determined by what the government determines. Supply and demand are what it's based on and the balance of the present government, rather than the worth of a commodity backing it, as is the case for commodity money.

The Canadian dollar, U.S. dollar, the euro, and other major global currencies are the modern paper currencies called Fiat currency.

What it's showing in history is that when you hear that the government is printing fiat money that obviously is not backed by any value whatsoever, disaster is on your doorstep. Money printers have failed to take note of history with fiat currency.

Following WWI, Germany’s Weimar Republic faced historic debts.

It was told in history that 133 printing companies put their printing presses to work in Germany.

The mark became more than worthless. It was used to heat furnaces. Burning the paper currency to keep warm was more efficient than using it for trade.