Monday, July 14, 2014
Fiat Currency: A One-Way Trip To The Poor House
SEE HERE Money is supposed to mean something besides a number on a piece of paper. It should be a guarantee of value but fiat money is unbacked by anything but the "full faith and credit of the government which is essentially a promise by a bunch of bureaucrats and you know how reliable they are. The collapse of the value of our currency is largely related to it becoming a fiat currency and the current efforts on the part of the Federal Reserve and the U.S. government look more and more like a last ditch effort to save a dying patient.