"Conjured out of thin air" isn't exactly the problem. The problem is the regulation of it is out of the people's hands and controlled exclusively by the elite. The people agreed to use dollars but they never agreed to keep printing more after they had what they needed. The politicians did because they are greedy. The money masters promised the politicians money that they didn't earn and that's all there is to it.
Anything can be used for currency. It's a representation of effort. It doesn't have to be gold etc. but it does have to be difficult or impossible to counterfeit so that the creation of it is limited to what is authorized by the people who agree there needs to be more in order to facilitate the trade of effort between them. This is what our government was and is supposed to be now but hasn't been for a long time.
Again I encourage everyone to watch The Money Masters by Bill Still.
"Conjured out of thin air" isn't exactly the problem. The problem is the regulation of it is out of the people's hands and controlled exclusively by the elite. The people agreed to use dollars but they never agreed to keep printing more after they had what they needed. The politicians did because they are greedy. The money masters promised the politicians money that they didn't earn and that's all there is to it.
Anything can be used for currency. It's a representation of effort. It doesn't have to be gold etc. but it does have to be difficult or impossible to counterfeit so that the creation of it is limited to what is authorized by the people who agree there needs to be more in order to facilitate the trade of effort between them. This is what our government was and is supposed to be now but hasn't been for a long time.
Again I encourage everyone to watch The Money Masters by Bill Still.
https://odysee.com/@KnowledgeBase:e/Bill-Still-The-Money-Masters-Full-Documentary-1996:7