The Difference Between "Money" and "Currency" Is Like Comparing Black and White. By Gregory Mannarino

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Below is a comment which I posted earlier on a blog which talked about "Money."

**I hope this clears up any confusion about what "Money" really is in a fiat currency world...

"The difference between money and currency is like comparing black and white. "Money" is supposed to back the "currency" in a fiat currency world. Today "money" in a fiat currency world is backed by nothing. "Money" today in a fiat currency world are units of debt, IOU's which are owned, and owed back to the issuing central bank plus interest which they print out of thin air."

Gregory Mannarino

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