Destruction in America

April 27, 2009 – 3:36 pm

Without a linkage between an underlying asset and paper money, central bankers and politicians who supervise monetary policy, have removed many of the restraints that previously kept the generation of money in check. The only real money is backed by specie – something like gold and silver. For thousands of years these two precious metals, especially, have been seen as honest money. Every time over thousands of years in history that a government thought they could create money out of thin air, the economy of that civilization has suffered or even been destroyed. We are on the cusp of destruction in America right now.

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