Friday, November 26, 2010

Is The Meltdown Coming?

SEE HERE The problem with fiat money is that it is only as good as the confidence that the people have that it will be honored. A check is a check and is only as good as the person who signed it. If the person that signs the check is a cheat and a liar, then the check isn't worth the paper it is written on. Increasingly the Federal government is looking like a liar and a cheat. When that perception becomes pervasive, the value of the money will quickly disappear. That can't be allowed to happen because that way lies chaos and disaster. So demand that the monetary system be stabilized.

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