You're getting closer, except for the part you willfully or ignorantly omit.
The U.S. dollar or any other fiat currency isn't a note that is given to people with any kind of redeemable thing, like a valuable good, backing it from the source. The fact you can pass it on to other fools and get things doesn't answer what or how the note came into existence and what, (nothing) backs the note. The so called money creators, know this and wouldn't want it to become commonly known the game that's played. Who wouldn't want to own a magical money tree ?
For instance if I had a weed backed currency, the roach, the 1/8, the ounce, the q.p. and pound might be the picture on the paper note itself, but they would also be backed by the agreement that you could come to me and exchange the paper note for what backs it, the actual weed. Or you could trade the note to people who knew they could redeem it for weed.
If I created a fiat weed currency, and you came looking to redeem it, and I paid you with more fiat weed notes, you might begin to think I was a fraud, because in that case, I would be.
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