STEP #5: What is Currency?
Do you know what Fiat Currency is? Nope, I didn’t either until my very wise, intelligent and handsome husband explained this shocking fact to me. Fiat – let’s battle this word first, what does it mean? The definition of fiat in light of the Bible is this – The word “fiat” comes from the Latin “let it be done.” Mary’s “fiat” was saying yes to God, or “let it be done to me” as it is written in Luke 1:38. To know your “fiat” is to know your “yes.” What are you saying yes to?
So, if fiat means “let it be done” – what does fiat currency mean? “Let it be done” dollar bills…well, kind folks, it’s starting to make sense. Friends, fiat currency is money that simply just says so. “Do as I say, and not as I do.” This piece of paper means that my work is worth “X” amount of dollars, for no other reason than – because I say so. This currency proclaims to the public – blah! (in a very sing-song voice). It was the originator of the widely popular insane proclamation of “My Truth” and “I’m Offended”.
You see my friend, anything that is not based on something of utmost value and substantiated and quantitative (something you can calculate) measure is worth nothing. How disappointing. But, this is what we have to work with now friends. This is it. Fiat currency. A piece of paper or a coin that simply just says “let it be done”.
Let me insert this thwack of knowledge as well, and add a bit of spice to the insanity of fiat currency while I am on a roll…did you all know this? As of 2023, it costs the U.S. Mint approximately 3.07 cents to produce a single penny, which is more than its face value of 1 cent. 1
Let’s scratch our heads and jaw drop in horror in a very choreographed and shocking manner. We all say together in unison “that makes no cents” and wait for the laughter and applause at our whit and humor. Crickets? I WISH. This is such a joke and it’s not funny but it is because this way of calculating wealth has been going on since President Richard Nixon adopted fiat currency in the United States in 1971. He did this by ending the convertibility of the US dollar to gold.
Let’s do some real stuff for a second – math. 2025-1971 = 54 years of nonsense. Or of NONCENTS.
Thanks a lot Dick Nickson.
Please pay me $5 for this cup of 100% disposable coffee because I say “let it be done”, not because there is something of value behind the paper you are exchanging. It is simply hot air (and hot liquid) and a whole bunch of trust in an institution that really has proven time and time and time and time again to let everyone down. Who will never let us down? Let’s say this one in unison as well, “Jesus”. Thank you. I needed some truth to stand on as I started to sink into a deep depression with all the bonkers I just spoke.
Jesus, name above all names, Father and Friend, Savior of the World – Creator God. Thank you, Jesus, for who you are. YOU alone are worthy of all Glory and HONOR and Praise. Amen.
Let’s read the Bible and build up our appetites and our spiritual wallets with some love and some truth. In the second chapter of the Good Book who is alive and well and lives and reigns forever, it tells us about true wealth and about life in God’s Garden:
Genesis 2 – 8 The Lord God planted a garden eastward in Eden, and there He put the man whom He had formed. 9 And out of the ground the Lord God made every tree grow that is pleasant to the sight and good for food. The tree of life was also in the midst of the garden, and the tree of the knowledge of good and evil.
10 Now a river went out of Eden to water the garden, and from there it parted and became four riverheads. 11 The name of the first is Pishon; it is the one which skirts the whole land of Havilah, where there is gold. 12 And the gold of that land is good.
Interesting right, and so impactful – God told us right away what was valuable to men. Walking with him, what was good to eat, where fresh water was and where the gold rush was.
HUMMMM…
What do you think about Nixon taking us off the GOLD Standard? Did we chat about gold standard yet? NO? Oh my goodness…I am so sorry. Let’s chat about that for a second
The gold standard is a monetary system that ties the value of a country’s currency to a set amount of gold. The government guarantees that the currency can be exchanged for gold at that fixed price.
As of February 9, 2025, the price of gold in the United States was $2,874.77 per ounce. Num, Num little piggy, there is almost $3,000 of real value getting plopped inside your head…
why a piggy bank do you ask? me too – The term “piggy bank” comes from the word “pygg”, which was a type of clay used to make pots and jars in the Middle Ages. The words “pygg” and “pig” eventually came to be pronounced the same, and potters began making “pygg” pots in the shape of pigs.
SIMPLY SWANK est. 2018 
[…] Let me insert this thwack of knowledge as well, and add a bit of spice to the insanity of fiat currency while I am on a roll…did you all know this? As of 2023, it costs the U.S. Mint approximately 3.07 cents to produce a single penny, which is more than its face value of 1 cent. 1 […]