The term printed is a funny notion
A) Banks leverage their deposits to up to 12 times --and lend it out to borrowers --is this a promisery Note as is cash or is it some other product
B) Is Central Bank gold reserve money or is it a rare asset that can be inflated by mutual agreement of global governments and thus reduce the debt ratios of gold holding Governments.
Is Paper gold, silver , and various other commodities a debt instrument as is cash or gold or is it something else.
I consider everything that is not physical a debt instrument and thus fiat money (It does not have to be printed paper money but any digital instruments)
Please DYOR & IMHO
Price Prediction December 2022?, page-39
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$1.65 |
Change
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Mkt cap ! $425.2M | |||
| Open | High | Low | Value | Volume |
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