Actually most of the money are just 1‘s and 0‘s in a computer, coming into existence from nothing and vanishing into nothing. Fiat money backed by “trust”. As Henry Ford once said:
It is well enough that people of the nation donot understand our banking and monetary system, forif they did, I believe there would be a revolution before tomorrow morning.
Actually most of the money are just 1‘s and 0‘s in a computer, coming into existence from nothing and vanishing into nothing. Fiat money backed by “trust”. As Henry Ford once said:
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.