fiat money

Started by MikeLigalig.com, January 26, 2012, 04:22:41 PM

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MikeLigalig.com

January 26, 2012, 04:22:41 PM
fiat money   

noun
money decreed by government: paper money that a government declares to be legal tender although it is not based on or convertible into coins and therefore depends on government decree to determine its value


For God so loved the world, that he gave his only Son (Jesus Christ), that whoever believes in him should not perish but have eternal life. For God did not send his Son into the world to condemn the world, but in order that the world might be saved through him. Whoever believes in him is not condemned, but whoever does not believe is condemned already, because he has not believed in the name of the only Son of God. - John 3:16-18

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