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<p>[QUOTE=&quot;GDJMSP, post: 3919, member: 112&quot;]Fiat money - just what does that mean ? It means a form of money with no intrinsic value to most people. But the very idea of money itself, since its very inception many thousands of years ago, has always been based on one thing - people&#039;s perception of it. In other words - as long as the populace using the object accept it as having value - it does.</p><p><br /></p><p>How else can you explain that the first recognized form of money was seashells. Yeah - seashells, cowrie shells to be exact. Something you can go down to the beach and pick up by the handful - for free. But the populace accepted these seashells as money because of the need to have something that could serve as money. This has been the case in many cultures throughout recorded history. They may have used different items but the principle was the same. It is no different today.[/QUOTE]</p><p><br /></p>

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