What is the “Paper Gimmick”?
What is the “paper gimmick”? As far as we know and for obvious reasons, no formal definition exists that describes or defines the “paper gimmick.” This is our attempt to try and define the concept:
The “paper gimmick” is in essence any deliberate or calculated move or maneuver to institutionalise or establish a currency system that can be used to defraud public or private entities (governments, citizens, organisations, businesses, etc.) out of hard currency or real money (consisting of or backed by gold, silver or other precious metals). It normally goes hand-in-hand with the printing and issuing of non-redeemable paper notes (or fiat currencies), the charging of interest on loans and the establishment of a national/central bank that is actually under private ownership.