> fundamental means of valuation.

Can you expound on the fundamental means of valuation for Fiat currency? It's my understanding that there is no fiat currency with any fundamental backing. I was pretty sure Khadaffi was killed for promoting an African currency backed by gold, in lieu of the USD hegemony.

> The value of fiat currency is ultimately tied to the economics of global, and therefore provides an objective means to value said currencies, both themselves and relative to other currencies.

This ^^ is not fundamental... this is relative.