Money
Faith Based Currency
The Latin term “fiat” roughly translates to “there shall be”. When we refer to fiat money, we are referring to money that exists because the government declares it into existence. It is not based on production or earnings, and not backed by any commodity. It is solely based on trusting the government. Fiat money is exchanged in the economy as long as there is faith in the government that issues it.
James Randi Owes Me a Million Dollars
Ive long been an admirer of the James Randi Educational Foundation (JREF), tireless advocates for critical thinking, skepticism, and the scientific method. They offer a one million dollar prize to the first person who can provide convincing, testable proof of supernatural powers. The foundation recently set up a “remote viewing” challenge in which the purported psychic is asked to describe the contents of a special sealed box held at the JREF office in Fort Lauderdale, Florida.
Those who know me may be surprised to read this, but I’m pleased to announce that Jutta Degener and I have successfully visualized the contents of Randi’s challenge box. We accomplished this from over a thousand miles away and entirely through mental concentration and the application of our unique talents (or, I should say, gifts), and without any physical access or inside information. We can now reveal to the world the item in the box: a small mirrored flat circular wheel or disk, such as a DVD or CD. Randi, if you’re reading this, a money order or certified check will be fine.
