What the banks don't want you to know
When Nixon took money off the gold standard in 1971 fiat currency was effectively not money anymore because it wasn't backed by anything. Instead money became directly backed by debt because it's creation was in the creation of debt. The total amount of fiat currency is therefore the total amount of debt and without debt there would be no "money" at all in this system. So when we save "money" we are actually saving debt and someone is paying interest on that, at the same time we know the value of debt goes down in time so one could ask themselves the question: Why would I save "money"?
