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The Silent Coup: How Fiat Currency Sparked America’s Financial Revolution

The Silent Coup: How Fiat Currency Sparked America’s Financial Revolution

Author:
Blockworks
Published:
2025-07-05 05:52:17
10
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The other American Revolution: Fiat currency

Forget muskets and tea parties—the real revolution happened when greenbacks replaced gold.

The Paper Rebellion

Central banks quietly pulled off history's greatest heist: convincing the world that unbacked currency holds value. Now $20 trillion in US debt later, we're all willing accomplices.

Inflation: The Hidden Tax

Every dollar printed dilutes your savings—but try explaining that to politicians addicted to deficit spending. Modern monetary theory? More like magical thinking.

Crypto's Counter-Revolution

Bitcoin didn't crash the system—it just exposed the fiat emperor's lack of clothes. Decentralized networks are building the exit ramp from this monetary Ponzi scheme.

Funny how 'full faith and credit' now means trusting the same institutions that brought you 2008. Maybe Satoshi was right.

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