
Abstract:
The fiat dollar standard, established in 1971 when the U.S. government unilaterally ended the dollar’s convertibility into gold, constitutes the first global experiment in fiat money. Far from a neutral technical arrangement, it is a system of systemic fraud and structural injustice. Built upon coercion, debt monetization, and inflationary credit creation, the fiat dollar standard redistributes wealth from the many to the few, corrodes social trust, destabilizes economies, and entrenches dependency, inequality, and dispossession worldwide. This paper refutes the fiat dollar system, exposing its unjust, uncivilized, and destructive nature. By contrasting the moral and economic implications of sound versus fiat money, the analysis reveals that fiat regimes institutionalize corruption and erode the conditions of human dignity and flourishing. It further demonstrates that the fiat dollar standard constitutes a structural crime against humanity, harming the majority while consolidating Western financial and political domination. The paper concludes that the restoration of honest money is essential for a truly stable, prosperous, and civilized social order.
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About the author

Manuel Tacanho
Manuel Tacanho is a social philosopher and economist; and the founder and president of the Afrindependent Institute.
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