How Real US Money Became Bogus, a.k.a., Fiat or Fake, Money

United States Silver Money

 

Broken promises to pay money cannot retain purchasing power. The history of legal tender irredeemable paper-ticket-electronic money is that its purchasing power always approaches the cost of producing paper money: near zero! Savers and pensioners will be wiped out.

United States Gold Money

 

Savers, seniors and all those engaged in productive enterprise are at unacceptable risk that the purchasing power of promised future payments — pensions, savings, annuities, insurance, etc. — will be an empty bag. The monetary authorities have made it official policy to depreciate the purchasing power (a.k.a. “inflation targeting”) of our broken-promise “money” and may create unlimited quantities to “stimulate” the economy and to distribute them to whomever. If not fixed, the middle class will be wiped out.

Leave a Comment

Your email address will not be published. Required fields are marked *

%d bloggers like this: