FIAT MONEY: noun, irredeemable paper currency, not resting on a specie basis, but deriving its purchasing power from the declaratory fiat of the government issuing it.
[Both definitions from dictionary.com.]
Chrysler gets go-ahead for Fiat rescue
US President Barack Obama said Chrysler had "a new lease on life" as a result of a substantial commitment by the US Government and "sacrifices from all stakeholders involved".
[Update:] nonhocapito weighs in:
We all remember when recently Obama asked for a FIAT-CHRYSLER partnership as a pre-requisite to help CHRYSLER. Many wondered why that should be, since FIAT is such a small and pretty insignificant brand in the world of car-makers.
I am italian and I assure you that even from our small province this request appeared as pretty strange.
I think that the answer is in the Bilderberg attendees list, since one of the members is John Elkann, vice-chairman and major shareholder of FIAT (while a FORMER member was the CEO of Damien Chrysler).
You have to wonder why, the more outrageous Alex Jones' claims are, the more spot-on they seem to be.