Tag Archives: fiat

To get real jobs back why don’t we consider real money?

Say what you want about gold but it has held its value for thousands of years. The fiat dollar? Well let’s just say its been a steady march toward becoming trash.

If we want a high value economy, if we want high value jobs, we should have “high value” money. Sound money. Gold backed money. We should have money which can’t be eroded at the whim of our central bank.

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The best, simplest, explanation of the US monetary system (debt, currency, money, taxes, what’s really going on) that I’ve ever seen. An important video.

Many people are mystified by the kids at the Ron Paul rallies screaming “End the Fed!”

They ask themselves, “Why should we end the Federal Reserve? The Fed helps maintain economic stability right? Every country has to have a central bank. These “End the Fed” kids are nothing but “Paulbots.” The people on CNBC and Bloomberg tell me that the Fed acts in my best interest. I think the people on Bloomberg and CNBC ought to know what’s right for me and my money.  Harry Reid is right. Those hard money people and kids at the Ron Paul speeches are nothing but a bunch of anarchists!”

But the main reason many people feel this way is because they fundamentally don’t understand what the “End the Fed” people are really saying and why they are saying it.

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The Market (or More Precisely the Participants in World Markets) Can’t Handle the Truth

“How did you go bankrupt?”
Two ways. Gradually, then suddenly.”
Ernest Hemingway, The Sun Also Rises

For 35 years we have witnessed the slow disintegration of the world economic system. The 2008 Crash represented our entrance into the acute stage of this fiat driven disintegration. We may enter the critical stage in the relatively near future. The attached report from Myrmikam Capital discusses this.

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