Nah, Fiat value was backed by gold. We are still running off that belief though it is slipping. For sure banks still believe it is at least backed by gold. Not 1 to 1 but if it were to be discovered that the US Treasury had no gold the dollar would collapse. 

Guns and the tax cattle we and our kids are is the big one though.

kepford

Based on thin air and guns. 
Sounds like the textbook definition of "by decree."

unboiled

I like guns?
I like getting assraped by a political leader, elected by retarded masses?

denlillaapan

Fiats value is based on either thin air or the government pointing a gun at you. I suppose she finds that preferable. There's no accounting for taste I suppose